BHP Billiton Share Discussion Threads

[togglebrush] 09/11/2015 11:11

Variety of Comments
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BHP Billiton's share of production was 14.5 Mt and the contribution from Samarco was approximately 3 per cent of the production guidance for the 2016 financial year is under review.
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Citi said in a note on Monday that the slowdown in production in Brazil was likely to keep the iron-ore price at $50 per metric ton by year-end, instead of a previous forecast of $40.
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Deutsch Bank said mine expected to reopen in 2019. BHP and Vale own half shares.
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Conclusion we have reduced Supply side V higher product Prices

[idioterna] 08/11/2015 18:23

Methinks this type of thing will rapidly speed up the process concerning the "unexpected resilience" shown by some high cost miners to cut production or go under. Good news if you are BLT and can undercut the opposition.

[nobbyx] 07/11/2015 20:47

"You really have to ask yourself what kind of idiots give planning permission to build homes underneath a dam". But this is not Surrey, it's Brazil. So probably the same authorities who permit unauthorised, unplanned, slum 'Favellas' containing hundreds of thousands of inhabitants, to be built on steep hillsides within the city of Rio De Janeiro itself.

[dr_ex] 06/11/2015 16:22

yep exactly, ive gone long this and short s&p. see what happens i guess.

[idioterna] 06/11/2015 14:38

Not leveraged, so not worried. Considering the present share price in relation to the S & P I'd say there was plenty of upside leverage baked in anyway. Seems a tad greedy (and risky) to add more.

[revell40] 06/11/2015 14:16

Fed decision tonite as well

[brutus8] 06/11/2015 14:14

let's see what the yanks make of itI reckon they have been shorting this from an hour ago.

[deanroberthunt] 06/11/2015 14:13

wait till sub £9

[idioterna] 06/11/2015 14:13

Not sure about triple bottoms but the wife reckons I've got a few too many chins.
Purely on the dividend yield and the economies of scale this company brings to bear in conjunction with its proximity to China is enough for me. I can't see much of a better investment opportunity on the horizon.

[revell40] 06/11/2015 14:12

Yanks not in yet

[revell40] 06/11/2015 14:10

I'm not in it yet but got sticky fingers on the go button ta

[dr_ex] 06/11/2015 14:06

based on technicals. yes

triple bottom signifies a reversal

however if it carries on falling pas the other 2 lows. sell or wait (for lower entry if you are not in the share).

[revell40] 06/11/2015 14:03

This is awful thing to say but do we buy now

[adorling] 06/11/2015 13:15

Perfect triple bottom chart formation so have taken an investing stake in my SIPP.

[brutus8] 06/11/2015 13:07

More footage:

[deanroberthunt] 06/11/2015 12:00

I'm with Sheila

[sanks] 06/11/2015 10:27

Is it fair to say this is now temporarily shagged...hence a price
target of £6.72 should be achievable.

Sensible comments appreciated
Sanksalot

[alphahunter] 06/11/2015 10:14

FXPO up this morning on the overnight news re BHP-VALE.

BHP's co-owned mine of Samarco, Brazil, is the largest and lower-cost producer of iron pellet at 30mt per year, which could be shut for a while.

Ferrexpo produces ~12.5mt per year out of memory and is the 4th largest. BHP is down 4% on that news, while iron ore miner RIO is up 1.4% in a fairly solid market for miners today.

World producers of iron ore pellets:

[anley2] 06/11/2015 09:49

No but I believe BHP owns 50% of the company that does............

This is Brazil and not the USA when one wants to speak or comment on fines etc......careful what some say.