The only thing we're sure of is that SP will go up and down and history shows it goes up more than down.well the bigger players have the opportunity to short-sell ( not just affect the same result via options ) a large player may decide to borrow ( or sell an existing holding ) , sell and buy back cheaper ( and if they chose a larger parcel )
usually my best option ( should i chose to enlarge the holding ) is to buy smaller parcels as the share price slides and slides
now i have seen comments about future dividends being cut back ( and that is not deliberately unfair ) but i do wonder about the timing
i think the share price will languish but that will only reflect a cooling global economy and the slowdown in demand that results from that cooling
and as @qldfrog likes to point out .. BHP makes quite a few stumbles
well i am investing in BHP on the logic it is too big to ( be let ) failThe only thing we're sure of is that SP will go up and down and history shows it goes up more than down.
So the only thing in our control is to make sure you don't hang onto a company that will go defunct.
Unless you have access to inside information everything else is crystal ball stuff, most of the information that retail gets comes from the market makers themselves. It's the typical story of the wolves amongst the sheep.
well i am investing in BHP on the logic it is too big to ( be let ) fail
but crikey , they seem to be trying hard ( to fail )
one might have thought between the OZL deal and Olympic Dam they had enough copper for 20 years or more ( the dig up and sell )
i suppose next they will try to buy RIO again ( before Glencore tries again )
yes indeedLots of copper around the world.
List of 10 Highest Copper Producing Countries
- Chile
- Peru
- DR Congo
- China
- United States
- Russia
- Indonesia
- Australia
- Zambia
- Mexico
Top 10 Highest Copper Producing Countries In the World
Which country produces the highest amount of copper? Find all you need to know about the highest copper producing countries in the world right now.bestdiplomats.org
The offshoot of most copper mining is gold, a mine that I used to work at, the gold section paid for the copper production at one stage.Lots of copper around the world.
List of 10 Highest Copper Producing Countries
- Chile
- Peru
- DR Congo
- China
- United States
- Russia
- Indonesia
- Australia
- Zambia
- Mexico
Top 10 Highest Copper Producing Countries In the World
Which country produces the highest amount of copper? Find all you need to know about the highest copper producing countries in the world right now.bestdiplomats.org
Workers at BHP Group’s Escondida mine in Chile will begin a strike Tuesday after failing to reach a wage agreement, setting the stage for a stoppage at the world’s biggest copper operation.
The union’s 2,400 members will down tools at 8 a.m. Chile time after rejecting BHP’s proposal for a new three-year labor contract following five days of mediated talks, the union said in a statement.
The action will halt an operation that accounts for about 5% of all the world’s mined copper, disrupting shipments for Melbourne-based BHP, while potentially easing pressure on copper futures that have slumped in recent months along with dimming prospects for the global economy.
Escondida churns out more than 1 million metric tons a year, making it by far the biggest supplier of copper. Some analysts see BHP Group overtaking Codelco this year as the top global copper producer.
While collective bargaining in Chile is often marked by brinkmanship and last-minute agreements, Escondida has been the scene of lengthy stoppages in the past, including a 44-day strike in 2017.
BHP didn’t immediately provide a comment.
Benchmark copper traded in London surged to record levels in May as bullish investors placed bets on shortages. That emboldened unions seeking a share of the windfall for their members. But prices have since pulled back by roughly 19%, undermining some of that leverage as companies look to avoid big increases in fixed costs in a cyclical and capital-intensive business.
Still, negotiations come at a time of global tightness of copper concentrate — the raw material produced at Escondida and used to feed smelters — even though the market for refined metal is well supplied for now.
On the final day of mediated talks, BHP had offered a signing bonus of 27 million pesos ($28,900) per worker, as well as improvements in benefits. Workers had sought a bonus of more than 30 million pesos and a share of profit.
Fair to say BHP getting to a very key level atm being down 24% from highs . Earnings on Aug 27 pivottal is an understatement .i tend to agree , i think if we see 40 that 38 is probable and i see 40 as probable . Lot of outgoings forseeable re BHP in next period or 2 . I think this takeover is dead in the water now also . Re this tailings dam thing BHP time to pay the piper is soon and given the SH class action the size of that is yet to be determined
Earnings revisions steadied and suggesting all will be well next year , cant say i am as ebullient as the analysts at this stage . Back to Aug 27 . BHP certainly due for a relief rally but will it stick a low that lasts for the ' buy and hold ' crowd . NFI . More risk buying pre earnings here but potentially where the largest reward lies . Lots of questions not so many answers . Good luck to allEarnings revisions are falling away in last month and i see Goldman has withdrawn coverage in last couple weeks . Stormy weather ahead ( sorry Captain ;-) ) .... I think next earn report will shine a light on the road ahead on Aug 27th with an operating update on July 17th possibly giving some into . The 2 key dates going forwards outside any class action updates
yes i bought some extra yesterday , but then i am using to logic that BHP is too large to fail completely ( and therefore a kind of 'safe-haven' )Fair to say BHP getting to a very key level atm being down 24% from highs . Earnings on Aug 27 pivottal is an understatement .
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Earnings revisions steadied and suggesting all will be well next year , cant say i am as ebullient as the analysts at this stage . Back to Aug 27 . BHP certainly due for a relief rally but will it stick a low that lasts for the ' buy and hold ' crowd . NFI . More risk buying pre earnings here but potentially where the largest reward lies . Lots of questions not so many answers . Good luck to all
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from the wiresNews flow not great lately with the Chilean communist unions going in for another perennial bite at Escondida. This time they want profit sharing as well...
But on Friday, BHP said the two sides reached an agreement after resuming talks. Sources at the company and the union told Reuters that BHP offered workers around $US32,000 ($48,000) as a bonus and an additional $US2000 in soft loans.
BHP had previously offered a $US28,900 bonus per worker, compared with the union’s demand of 1 per cent of shareholder dividends from the mine, or roughly $US35,000 to $US36,000 per member.
Every employee in an australian BHP mine is talking about this right now . I am convinced we be seeing this here before longHope we don't see mines in Australia subjected to this militant bargaining, ridiculous.
And fair in a way..if it is good enough for one mine ...Every employee in an australian BHP mine is talking about this right now . I am convinced we be seeing this here before long
if history is any guide ( in Australia ) this is a forlorn hopeHope we don't see mines in Australia subjected to this militant bargaining, ridiculous.
You know i consider BHP management retards at bestAnd fair in a way..if it is good enough for one mine ...
BHP is never failing so safe as houses there . Buying on 25% retrace is better than buying $50 thats for sure , in the long term thats working out for sure . BHP is 20% of its 12 month high almost every year fwiw so its not uncommon , food for thought in the buy and hold crowd out there , had a quick cursory glance and it's got to be close to 80% of years this century BHP has been down 20% from 12 month highs . I love stats/data , it's real .....yes i bought some extra yesterday , but then i am using to logic that BHP is too large to fail completely ( and therefore a kind of 'safe-haven' )
i have no idea what the markets are thinking where some of the global economy is really struggling
maybe i can get some more cheaper post-results and cum div. .. or maybe i have to wait a few years until the downturn hits BHP profits
i hold a useful amount currently , if i never buy another BHP share , i can deal with that without crying in my breakfast daily
( i can add extra TLS instead using the same 'likely survivor' logic )
after 2020 i believe there is no such thing as 'never ',but then i was previously buying BHP as low as $14.80 in early 2016 ,BHP is never failing so safe as houses there . Buying on 25% retrace is better than buying $50 thats for sure , in the long term thats working out for sure . BHP is 20% of its 12 month high almost every year fwiw so its not uncommon , food for thought in the buy and hold crowd out there , had a quick cursory glance and it's got to be close to 80% of years this century BHP has been down 20% from 12 month highs . I love stats/data , it's real .....
Lets put it this way , maybe i actually can not say never fail BUT if BHP ever failed the balance of your SMSF is the last thing you should be worried about . I am discounting dystopian end of the world as we know it scenarios . But i am extremely confident outside an event like that BHP never fails .after 2020 i believe there is no such thing as 'never ',but then i was previously buying BHP as low as $14.80 in early 2016 ,
so let's say $10 for the current 'trimmed down' and simplified BHP , that was a BHP complete with S32 ( inside ) a petroleum arm and two huge Queensland coal mines ... and the worry was some failed dams in a JOINT venture
BUT if BHP were to fail the Australian economy ( heavily reliant on mining royalties and taxes ) would be in a tragic mess as well
look at the ripples caused by mothballing Nickel West
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