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BHP - BHP Group

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Follow up from here...
BHP EW Pattern

It's hit the first target level and looking like it will continue imo.

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BHP W 240221.png
 
BHP predicts golden age of exploration discoveries

I hadn't been aware of BHP's Cu/Au Oak Dam discovery in S.A under 800 metres of cover. Intercepts over a wide area including 58 metres at 2.49 per cent copper and 1.2 grams per tonne of gold

The speaker is some gender diversity hire ?‍?heading BHP's technical office and she seems to be saying that 400 metres below surface is now as transparent as surface to the best technology.

She makes very bullish remaks about Ni and also copper deficits ahead as the EV revolution takes hold. For me Cu will be taken as the safer play.
 
Hello
I did some work at South Flank a while back
Big expansion with no scrimping on $$$$
Be online soon do you think this puts more on the price
I do and went in deeper ...upgraded there output capacity from what Ive seen at Finacane ...I think
Ps good company to work for compared to some of the junior miners Ive worked for
 
Plus-$50 is back on the agenda, so with elevated metals prices offering BHP massive profit margins, and recent month oil prices at their highest in the past year, I won't be surprised if BHP hits @Boggo's "typical" target price in coming months.
That trend has a lot of support.
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With copper and iron ore at all time record highs it was inevitable that BHP was going to bust through $50 today.
I cannot see the short-term trend as sustainable, but the longer term trend is likely to sustain through this commodity bull cycle.
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Some heavy call option open interest around these levels forcing market makers to hedge some serious delta/gamma adding some fuel no doubt.
 
over9k said:
Gamestop 2.0 when? :p
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Hmmm, not exactly a short squeeze, more like delta hedging, the unwinding will be interesting in the next couple of weeks, couple that with some global uncertainty and we should see some volatility spike up..
 
7th July could be counter trend high for BHP . If price trades up into this date on weak volume we could see a decent selloff . May look at an ATM 3 or 6 month put option .
 

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Student of Gann said:
7th July could be counter trend high for BHP . If price trades up into this date on weak volume we could see a decent selloff . May look at an ATM 3 or 6 month put option .
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Sold two $52 August 19th covered Call contracts last week. PM of +0.47, Delta of 0.213.
Since they’re covered, if assigned before August I get +9% in my purchase in June.
Yes they could be worth more with a good possible dividend.
Maybe a bit quick in selling the call, I’ll see.
Results on 17 August so it could be a bumpy ride. I could always but a $53 putt for safety and reduce possible losses ....
Gunnerguy.
 
The Cycle we are repeating indicates a possible 12 1/2% increase from the Low which could take price up to 77.27 which is 1/2 a square up from the low . 75.33 is the midpoint of the range so this level will also be important to monitor . Previous counter trend reaction was 4.85 so price is overbalanced . At this point it is difficult to calculate an approximate price target so will refine calculations as we approach the target date . My timezone for the Top is between 11.45am to 12.15pm on the 7th July.
 
Student of Gann said:
Hi Gunner . No , that figure was pretty unrealistic , was just comparing a previous cycle against current market . I am concentrating on the SP ATM . Regards Grant
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If it was so ‘unrealistic’ why did you not mention that ? Your phrasing was rather strong in your prediction !
I suggest a little bit of ‘ buyer beware’, ‘DYOR’ or ‘ this is just a mild unproven guess’
Gunnerguy.
 
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