Humble Junior,
I guess what I was trying to say was,
When you Bought your shares in BHP, you bought part ownership into a diversified portfolio of long life, low cost producing mines. Those mines produce alot of cash some of which BHP will will pay to you every 6 months and the rest they will try and invest for you back into more projects, when they have more cash than they can invest into projects for you they will buy back shares increasing you stake in the company.
Obviously as long as they continue to earn solid cash flow, and invest this cashflow into project earning high returns on equity, and return excess cashflow back to investors ( dividends and buybacks ) the longer to hold the more value gets built up in each share, So why would you want to sell for a quick profit.
A friend of mine was telling me to stay away from BHP because they will have to pay the carbon tax ?
What do you guys think ?
There is either a great fundamental buy stairing you in the face.
Or you should be seriously selling this material rally.
Reaching for my tinfoil hat, it looks like somebody has it in for Marius.
+1.The Financial Review has been relentless in its push. Where is the push coming from? Are we going to see a change at the top, followed by big write-downs and a further substantial share price drop? I wouldn't mind some BHP but I'm holding off until this plays out and they take their write-downs and announce their intentions re Olympic Dam (a huge dud project digging up a mineral that has very poor short and medium term sales prospects - don't do it BHP!) and the outer harbour (probably still worth doing, but needs careful consideration).
After all that, $25 BHP shares (wild guess!) could be an excellent buy.
I think SA was counting on it in budget projections. Untidy. They'll have to cancel that new demountable at the Salisbury West Primary School. Weatherill got in on that infrastructure pledge.Not too good for SA as a state, that expansion would have been very benefical
In its statement today, BHP stressed its focus was on key commodities like iron ore, coal, petroleum, potash and copper. In late morning trade BHP was up 0.9 per cent at $34.59 a share.
Why is Olympic Damn postponenment continually quoted as a sign of the end of the mining boom?
It's a fricken Uranium mine.
Uraniums been in the dog house for years.
Are you sure? There's plenty of copper and gold at Olympic Dam. The uranium is probably just a by product!
http://www.mining-technology.com/projects/olympic-dam/
Are you sure? There's plenty of copper and gold at Olympic Dam. The uranium is probably just a by product!
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