Barring some other mine disaster or renewed commodity price collapse to new lower lows I think $11-$12 will be the floor. It will take a trend reversal in one of the commodities (oil, copper, coal or Iron Ore) to go the other way. Safe entry below $15 for long term. I will jump at $13.XX today.
My prediction is late 2016 oil price recovery to $65 will be the beach head to change. Coal and other energy sources to follow oil with 6 month lag. Iron ore to stay $40-$50 next 5 years with all the 2nd tier marginal producers one by one collapsing.
Within 3 years BHP to be $30 is my bet.
Is it a 12 week?, page-4
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Last
$42.33 |
Change
0.230(0.55%) |
Mkt cap ! $214.9B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.18 | $93.55M | 2.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5568 | $42.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.34 | 5561 | 9 |
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| Last trade - 13.20pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |