Vale reported quarterly profit down 59% last night, shows how useless PEs are with miners. BHP a little better diversified, even so.
Iron ore fell below $120 yesterday. This is worth a read:
http://ftalphaville.ft.com/blog/2012/07/25/1093881/steel-yourself-for-an-exciting-time-in-iron-ore-prices/
what was wrong with the result?, page-59
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Last
$39.64 |
Change
0.825(2.13%) |
Mkt cap ! $200.4B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.64 | $39.10 | $80.90M | 2.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1064 | $39.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.64 | 1307 | 8 |
View Market Depth
| Last trade - 10.58am 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |