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  1. #191
    Speedy Az winner69's Avatar
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    Any corporate conscience - ok, maybe a tad

    As Bill Gross has commented - Capitalism is broken -- instead of making great products we're just making money

    Anyway back to BHP

    "Amid enormous confusion about the agreement Vale and BHP Billiton have reached with the Brazilian authorities, it appears the cost of remedying the damage caused by the collapse of the tailings dam in their Samarco iron ore joint venture and paying compensation for the disaster is going to be far less and more manageable than once thought."

    http://www.businessspectator.com.au/...f-over-samarco
    Last edited by winner69; 04-03-2016 at 08:48 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #192
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    BHP up 20% in just 5 days. Iron ore surging. Sure it might not last but I'm taking the time to enjoy the moment. It's been a brutal couple of months.

  3. #193
    FEAR n GREED JBmurc's Avatar
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    Yes MGX looks ready to pop ..... BHP should well pass $20 before the weeks out ....
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  4. #194
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    BHP increased a whopping 20% over the last five days. I hope the gains stick but we've been here before
    Last edited by Bobdn; 16-04-2016 at 02:01 PM.

  5. #195
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    Will it go to $20 today? That would feel good.

  6. #196
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    Quote Originally Posted by Bobdn View Post
    Will it go to $20 today? That would feel good.
    Did it easily, Bobdn. The big question now is - will it go higher?

    The firmer iron ore price is the big driver but my gut feeling is that it's more a case of "less low expectations" rather than "high expectations". Oversupply continues.

  7. #197
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    Quite right macduff. Seems like there's a huge amount of oversupply of just about everything. Anything could happen with this stock. I want to hold onto this one for at least 10 years. India and extreme copper demand for all those Tesla cars and other such machines makes me want to keep it medium to long term.

    I read on Bloomberg that there might be one more oil super cycle left in the late 2020s. Wouldn't that be great.

  8. #198
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    If you havn't already seen this, Bobdn, you might be interested in this video of Peter Beaven, BHP CFO, speaking at a recent Morgan's presentation.

    https://www.morgans.com.au/Blog/2016...eaven-CFO.aspx
    Last edited by macduffy; 20-04-2016 at 09:08 PM. Reason: Corrected Beaven's position!

  9. #199
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    Encouraging video, thanks for the link.

    That CFO looks in good shape. It's clear he pushes weights around. Nothing crazy but an exercise regime that helps him look good and release stress.

  10. #200
    Speedy Az winner69's Avatar
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    Whats up today - down 7%
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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