why is bhp not 14$, page-37

im not short - im just exceptionally frustrated with mgt of bhp and rio being so incredibly low in iq and expertise.

i was incensed at kloppers being rewarded for some of the poorest decision makign in the past 30 years, and then to see rio and bhp collapse the cave roof on iron prices and destroy their own profitability for probably 5+ years, its just beggared belief

i think we are nearing bottom for the 'consumption' materials - nickel, copper, oil.

but supply/demand balance isnt price appreciation - and it could be there's a fair period of 'sideways' before any recovery in margins

iron or and met coal will be in my view dead for a couple of years - iron ore particularly.

thermal coal will improve but met coal displaced into thermal coal market will supress price action there

was a great party that went for several years... the hangover will be just as long, cos these bozos decided theyd drink through to the next morning