they might be leftie hypocrites that got rich off pillaging their sea for oil, but oh well.
thermal coal is around 2% of EBIT or something immaterial. There are no replacements for coking coal though. Any intelligent individual knows this so allowed. However militant protestors on the far left don’t even know what coke and thermal differences are, let alone cokes use.
BHP is one of many global leads in its respective industry. If you’re positioning a sovereign wealth fund, you should own it. Albeit, I wish the future fund also bought 5% of BHP as it should and 5% of RIO. Instead it makes fund managers rich via a lot of active investment in unlisted and bond sector.
BHP Price at posting:
$39.54 Sentiment: Buy Disclosure: Held
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