Watching, but im much more positive about S32 than BHP, they looking like having problems for a few years.
- Oil is political, the glut isnt going to ease just because it becomes uneconomical.
- Thermal coal is in structural decline.
- Gas competes with coal for electricity generation, so it will have to stay low to compete.
- Metallurgical coal is hit by falling steel production.
- Copper looks like it might fall 25% this year.
- Samarco
Lucky they have Iron Ore, i think RIO is going to get much closer to them in the next few years.
We are fortunate to have separated on such favourable terms.
Still no floor, page-224
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Last
$3.58 |
Change
0.045(1.27%) |
Mkt cap ! $16.18B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.59 | $3.55 | $13.95M | 3.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 134730 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.58 | 50976 | 17 |
View Market Depth
| Last trade - 13.07pm 10/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |