BHP has got a debt of approx 9 Billion (33% DE ratio)
RIO has a debt of 42 Billion (187% DE ratio)
I think in whats called a "credit crunch" thats as fundamental as it needs to be wouldnt you agree ????
Chart wise, i will stick my head out and say i would be suprised to see BHP under $20
PS:I hold BHP longer term and profit stopped today on short term today at 2575 from 2010/2110 and rarely trade RIO.
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Last
8,575.4 |
Change
34.300(0.40%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,541.1 | 8,585.6 | 8,536.7 |
| XJO (ASX) Chart |