If only you knew how badly managed it has been.....i only use the past as i do not comment on recent years where i have no insiders information.I just thought I'd post on BHP this morning. It has had some dreadful news recently on blowouts in the costs of it's Potash development in Canada. In spite of this, on a near 1% down day for the XAO and XJO it has managed a small gain of 0.05%. I'd just like to say that BHP is indeed "The Big Australian". It has a turnover larger than the GDP of the majority of nations in that pathetic mob of losers, the UN. It is a leading producer of materials for the old economy, and the new such as rare earths.
Never, ever, write off BHP. It is a cornerstone of my SMSF and long may it prosper for me and future generations of Australians. Go BHP.
gg
This was my post for July in the 2025 Competition for BHP @mullokintyre @peter2I just thought I'd post on BHP this morning. It has had some dreadful news recently on blowouts in the costs of it's Potash development in Canada. In spite of this, on a near 1% down day for the XAO and XJO it has managed a small gain of 0.05%. I'd just like to say that BHP is indeed "The Big Australian". It has a turnover larger than the GDP of the majority of nations in that pathetic mob of losers, the UN. It is a leading producer of materials for the old economy, and the new such as rare earths.
Never, ever, write off BHP. It is a cornerstone of my SMSF and long may it prosper for me and future generations of Australians. Go BHP.
gg
RE aren't that rare, they're all over the world. What's rare is the processing at a cheap cost, and it's a very dirty business, environmental-wise.BHP is one of my picks in the 2025 Comp @mullokintyre and @peter2 .
I'm surprised they haven't made more out of RE's. They must have heaps of rare earths sitting in slag heaps around the world. Still they feature as a RE producer.
No more disasters since the last post.
gg
and that appears to be completely out-of reach for a modern BHP. What's rare is the processing at a cheap cost
maybe at half the ( current ) price for me ( before adding )Held
Won't be addng
It wouldn't surprise me in the future, should the price of copper fall, that Anglo-Teck would make a nice morsel for either Glencore or BHP.Just for tangential interest, given they are major miners merging and Anglo American was a target of BHP.
From Market Matters:
"There were interesting moves across the major ASX miners on Wednesday after Anglo American and Teck Resources announced they had agreed to merge to form Anglo Teck Group, in one of the biggest mining deals in over a decade. Under the so-called “zero premium deal”, Anglo’s shareholders will own 62.4% of the combined company, while Teck holders will control 37.6%. The deal represents a 17% premium to Teck’s closing price, but Anglo will also pay its investors a $US4.5 billion ($6.81 billion) special dividend ahead of the combination, making the effective premium just 1%. Firstly, let’s put the deal into perspective compared to BHP and RIO, with their market caps of $205bn and $161bn respectively:
- Anglo American PLC (AAL LN) has a market cap of $60 billion, well below the $74 billion BHP was willing to pay in mid-2024 and 30% below where the stock was trading in early 2022. In FY24 61% of its revenue came from copper and 40% zinc.
- Teck Resources Ltd (TECK US) has a market cap of $29bn, and the miner’s stock is trading 29% below its peak in early 2022. In FY24, 28% of its revenue came from copper, 24% from iron ore, and 22% from platinum, with the balance from coal and diamonds.
The deal is good for shareholders, creating a copper powerhouse, with AAL up around 11% and TECK +15% over the last 48 hours. However, the merger has removed the likelihood of a larger suitor after both companies have been the subject of attention from bigger miners in recent years. AAL fought off the BHP bid last year, while Glencore pursued Teck in 2023.
Anglo American and Teck Resources have gained from likely meaningful savings in infrastructure, logistics, and services at their neighbouring copper mines in Chile."
What Matters Today: Has CATL ended the Lithium recovery? - Market Matters
What Matters Today: Has CATL ended the Lithium recovery? Market Matters - ASX buy recommendationsmarketmatters.com.au
yes i am surprised 'little Ivan ' hasn't made a move ( especially on RIO )It wouldn't surprise me in the future, should the price of copper fall, that Anglo-Teck would make a nice morsel for either Glencore or BHP.
Also RIO may be back in play for both. The RIO board are living on borrowed time sitting on their a*ses in Londinium.
gg
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