Australian (ASX) Stock Market Forum

BHP - BHP Group

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@qldfrog, I've been thinking about you and I think there's a deeper unexamined sub-conscious issue. As we age we all feel 'depleted' and this feeling can project onto the external world. This morose and gloomy outlook that things are running out can be addressed directly:

Talk to a counsellor - Beyond Blue - Beyond Blue

Our free mental health line and online brief counselling service is open 24/7 for everyone in Australia. Reach out to us to find the support you need.
www.beyondblue.org.au www.beyondblue.org.au
 
finicky said:
Have a look at the map. Oz Mineral's properties and BHP's Olympic and Oak Dams are a localised regional operation. Conceivably one operation can have a shutdown with others taking up the slack? OZL I believe produced a concentrate wheras O.D has the full kit, right through to refining copper - could be advantages there. Olympic Dam smelting and refining is on an expansion path (1) Presumably personnel efficiencies from the amalgamation. Trucks, mining fleet, workshops - might be efficiencies there.

(1) "BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia"


They won't be processing BHP ore. They'll be doing what they were doing pre takeover.
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i looked at the map , but also remembered what OZL produced compared to the minerals/co-products from Olympic Dam and Oak dam

now sure in an emergency the OZ mineral ore can be added to either ( O ) Dam ore , but not so efficient to do the reverse

i guess we will see if BHP got a bargain or just more copper/gold mines
 
finicky said:
@qldfrog, I've been thinking about you and I think there's a deeper unexamined sub-conscious issue. As we age we all feel 'depleted' and this feeling can project onto the external world. This morose and gloomy outlook that things are running out can be addressed directly:

Talk to a counsellor - Beyond Blue - Beyond Blue

Our free mental health line and online brief counselling service is open 24/7 for everyone in Australia. Reach out to us to find the support you need.
www.beyondblue.org.au www.beyondblue.org.au
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Travel ...
 
Just to add - I don't mean to sound too gung ho about BHP. To reiterate, there's no way I'd buy the current chart. This recent downdraft has taken the price well outside its 9 year uptrend support line. For all I know it's in a multi-year topping formation. It's gone nowhere in 4 years and it hit $22 in the 2020 Wuhan virus crash. 'Market Matters' (James Gerrish) sees it as a buy below $39 and a sell whenever approaching $50. I'm not a trader, I'll never sell BHP, but I might be looking across the Grand Canyon to the other side and underestimating the chasm in between. Might be a 2011 type set up on the chart. I'm always half expecting a crash and a deep recession or worse.

Held
Holding

MONTHLY All Data
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By Adriano Marchese

G Mining Ventures said it has agreed to acquire mining permits in Brazil's Gurupi Gold Belt from wholly-owned subsidiaries of Australian mining major BHP Group.

As part of the transaction, G mining will receive the CentroGold project located in northern Brazil's Maranhao state. The project is made up of nearly 50 tenements encompassing 1,900 square kilometers and multiple gold targets, the company said Monday.

A tenement refers to a claim, licence or permit that authorizes a company to conduct mining operations.

The pre-feasibility study has outlined a 10-year mine life with 190,000 to 210,000 ounces of gold a year in the first two years of production, averaging out over its lifespan to about 100,000 to 120,000 ounces a year.

In consideration for the acquisition, G Mining will grant BHP a 1% net smelter revenue royalty on the first 1 million ounces of gold produced at the tenements and a 1.5% royalty on gold production thereafter.

G Mining said that the transaction is accretive and adds to its project pipeline with no upfront costs.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

September 09, 2024 07:51 ET (11:51 GMT)

i hold BHP

???

unless they ( BHP ) fear geopolitical risk
 
finicky said:
Market Matters afternoon report:
  • Iron ore futures in Singapore were up 4% to $US93/mt underpinning a strong gain from heavyweight BHP Group (BHP) +3.3% which added +20pts to the index alone, while Mineral Resources (MIN) +6.53% continued its recent recovery.
Held
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BHP is starting to look like it’s recovering, China is making plenty of economic noise, are resources finally starting to rebound 😎
 
To be frank I took little from this besides an impression that Olympic Dam is vast and special and has origins in the clash of tectonic plates, super volanoes and hydrothermal fluids dissolving minerals from the rocks. Clip is from the channel of an Australian geologist and enthusiast. Might be if interest to anyone that follows geological processes.

 
finicky said:
To be frank I took little from this besides an impression that Olympic Dam is vast and special and has origins in the clash of tectonic plates, super volanoes and hydrothermal fluids dissolving minerals from the rocks. Clip is from the channel of an Australian geologist and enthusiast. Might be if interest to anyone that follows geological processes.

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The only issue is that there were similar talks when i first started working with bhp..2 decades ago
Definitely a huge asset / reserve but also humongous costs to sink in to exploit it properly.
RDV in a decade, by then bhp might be managed properly.
 
finicky said:
To be frank I took little from this besides an impression that Olympic Dam is vast and special and has origins in the clash of tectonic plates, super volanoes and hydrothermal fluids dissolving minerals from the rocks. Clip is from the channel of an Australian geologist and enthusiast. Might be if interest to anyone that follows geological processes.

Click to expand...


Went goat shooting that way when a teenager, with my dad & his mates. Get them young, and the meat is delicious.
 
qldfrog said:
The only issue is that there were similar talks when i first started working with bhp..2 decades ago Definitely a huge asset / reserve but also humongous costs to sink in to exploit it properly. RDV in a decade, by then bhp might be managed properly.
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JohnDe said:
Went goat shooting that way when a teenager, with my dad & his mates. Get them young, and the meat is delicious.
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Daily Gross Short Sales reported for 26-Sep-2024, ASX Limited (ASX) & Cboe Australia (CXA)

No responsibility is accepted for any inaccuracies contained in the matter published. Securities that have had no short sales actively reported for the date shown are excluded from this report.

https://www.asx.com.au/data/shortsell.txt

BHP % of issued capital reported as short sold .06%
 
Market Matters afternoon report:
  • Iron Ore was up ~10% today on fresh Chinese Stimulus targeting the property sector, which should underpin demand for Iron Ore – Futures in Singapore trading ~$US116/mt, having put on ~11% last week.
  • The Shanghai Composite (Chinese mainland equities) up another 7% and it is now up 20% in the last 5 days.
  • Fortescue (FMG) +2.9% a net beneficiary while BHP Group (BHP) +2.7& Rio Tinto (RIO) +1.3% were also strong.
Held
 
Market Matters morning report:

BHP Group (BHP) $45.96
The “Big Australian” has surged more than +20% over recent weeks, reclaiming its mantle from CBA as Australia’s largest listed company. We topped up our holding when the stock was trading around $40. Similarly, we may trim back into strength, but we aren’t in a hurry given BHP is set to be a big beneficiary if Chinas massive stimulus efforts underpin a resumption of sustainable growth, particularly in Chinese property markets.
BHP is the lowest-cost iron ore producer in Australia, with unit costs well below $US20/MT, leaving plenty of meat in the sandwich with the bulk commodity above $US100/MT. If buying into dips, we see strong support in the $44 area.
BHP​
MM remains long and bullish BHP
 
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