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BHP Less Than a Surefire Thing; Nice Article
Topic Started: 26 May 2012, 07:52 PM (653 Views)
Perthite
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A lot of interesting numbers.

http://www.theaustralian.com.au/business/wealth/bhp-less-than-a-surefire-thing/story-e6frgac6-1226367353255
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Pig Iron
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Bogan scum

Perthite
26 May 2012, 07:52 PM
I can't say i'm surprised at how the stock market is playing out right now.
we have a lot of fear right now and a government who seems hell bent on killing the goose that lays golden eggs.
I am the love child of Tony Abbott and Pauline Hanson
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miw
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timmy
26 May 2012, 10:13 PM
I can't say i'm surprised at how the stock market is playing out right now.
we have a lot of fear right now and a government who seems hell bent on killing the goose that lays golden eggs.
I'm just wondering who the idiot was who said BHP was a sure thing in the first place.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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newjez
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Anyone care to give a summary for those of us who refuse to pay Murdoch a cent.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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miw
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newjez
27 May 2012, 03:54 AM
Anyone care to give a summary for those of us who refuse to pay Murdoch a cent.
"Well I'll be dipped in Shit! It is actually possible to lose money on the stock market."

Well, there was a secondary point that BHP and Rio are benig pummelled. But that was before the paywall kicked in anyway. Chances of anything substantive after that were slight anyway.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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zaph
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newjez
27 May 2012, 03:54 AM
Anyone care to give a summary for those of us who refuse to pay Murdoch a cent.
you can get around the pay wall by copy and pasting the URL into google news and following the link
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newjez
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zaph
27 May 2012, 04:40 AM
newjez
27 May 2012, 03:54 AM
Anyone care to give a summary for those of us who refuse to pay Murdoch a cent.
you can get around the pay wall by copy and pasting the URL into google news and following the link
A bit long winded - but very cool - thanks Zaph

My American style fridge freezer that I bought three years ago for £600, is now selling for £900. Looks like the cheap crap from china is coming to an end. Needless to say, the first hot week of the year and it's broken. Looks like I'll be repairing it rather than replacing it at that price. That may have something to do with BHP falling in value.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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BarnDogg
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Interesting point by Roger, but I think even he would agree that the current BHP share price has already priced in a potential massive drop in Iron Ore prices.

The last time BHP shares were trading at this level was in 2009. Iron Ore was trading at $50 per tonne, now it's trading at $130.
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Pig Iron
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Bogan scum

BHP is actually a low cost producer so it's interesting that they have been so punished for the fear of low iron ore prices. The biggest issue for the 2 big guys isn't iron ore it's the other commodities like nickel and aluminium that they are losing money on.
I am the love child of Tony Abbott and Pauline Hanson
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