There is never any certainty of course. Some people are happy to take profits now and there is nothing wrong with that at all.
As for me, I will continue to hold (since 2003).
There is another "item" that might lead to another sharp rise in share price for BHP ...... if and when it becomes clear that BHP will be the best uranium supplier "story" the world has ever seen. Check out the equations in the uranium market. BHP (through WMR) has around 40% of the world's known uranium ore reserves.
The Chairman and CEO were in China last month to discuss supplying uranium to China. Should the signing of contracts eventuate in a few months from now, watch the contract price. Spot price rose from around USD7 per pound 2/3 years ago, to USD 29.50 per pound now. Any contract price above USD 30 per pound could lead to a spike in BHP's SP.
not worth jumping in now, page-9
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Last
$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B | |||
| Open | High | Low | Value | Volume |
| $44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $44.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.58 | 8261 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |