BHP Billiton Share Discussion Threads

[montyhedge] 30/11/2015 08:20

535p is my target. The only thing holding this share price up in my view, is income investors looking at a high dividend. But how can they pay this. With the cost of clean up etc.

[deanroberthunt] 30/11/2015 08:16

I'll be in for a punt at 731p ish, but if it falls 3-4% from there I'll out before you can say "mud slide"

[deanroberthunt] 30/11/2015 08:14

not seen final capitulation on the miners yet, the final hail mary rout, down 10-20% in a few days..

[deanroberthunt] 30/11/2015 08:13

if it doesn't then it could be brutal...

[ny boy] 30/11/2015 08:10

If it holds

[deanroberthunt] 30/11/2015 08:09

731p is a technical long punt for a quick 10-15%....

[ny boy] 30/11/2015 08:07

A right toxic mess in Brazil.

[montyhedge] 30/11/2015 08:07

Talk of £5 billion is that a fine or clean up? Just caught the end of it on Bloomberg.

[my retirement fund] 30/11/2015 08:06

adorling, sedimentation usually occurs up stream close to the introduction most of the toxic metals are non soluble, the plume they are talking about consists of suspended micro/nano particles which you would not be expected to separate in flowing water. The metals which will be in the tailings would have included As, Cd, Cu, Ni, Pb, Zn. Gangue minerals and tailings generally always contain toxic metals. Using the word reactive is unhelpful and miss leading. You can see almost 4 weeks later they are trying to play this down and alleviate panic before it spreads to more main stream western media.

Its not done this yet but it would be good to see that happen as it may shine a light on many of the other dodgy third and developing world mining operations out there imo.

[montyhedge] 30/11/2015 08:04

Going to cost shareholders a fortune.

[ny boy] 30/11/2015 08:03

Heading down to test the 08/09 lows, needs to hold there or trap door another 100-200p drop at least.

[my retirement fund] 30/11/2015 07:30

Hmm so anyone who suspects this fiasco may have involved substandard practice and the usual developing world/corporate political corruption is so far detracted from the "norm" that you revert to having to call them a loon. Its simply such an insane and strange and bizarre and weird position to contemplate for you that there must simply be no other explanation that such people must have completly lost touch of their sanity and by all accounts are "loons".Hmm ok silkwhite lol. LOL!

[adorling] 30/11/2015 07:06

Samarco has reported that tests on the sediments carried out by the Brazilian Geological Service (CPRM) from samples taken at four points in the Rio Doce river system over the period 14 November to 18 November 2015 indicate that concentrations of metals obtained at these sites do not significantly differ from the results produced by CPRM in 2010.

Samarco reports that analysis by SGS Geosol, a company specialising in environmental geochemistry, has confirmed that the tailings are composed of materials that are not hazardous to human health, based on the hazard classification of the material under Brazilian standards.

Good news for the people of Samarco and for BLT.

[silkywhite] 29/11/2015 22:26

NY Boy
Of course but why would Billiton/Vale pay off the local government so they could build a sub-standard tailings dam. Think about it. Makes no sense to anyone with a brain.

[silkywhite] 29/11/2015 22:21

MRF
Your last 3 postings are the hysterical rantings of a loon.

[loganair] 29/11/2015 22:11

If the Brazilian government and Officials and Petrobras have any thing to go by...do I need to say any more...

[my retirement fund] 29/11/2015 21:28

I think Naive may well be his middle name.As for his rant about not being allowed to post, perhaps his first name may be Adolf.

[ny boy] 29/11/2015 21:06

Silkywhite, you would be pretty naive to think governments don't get large donations, it's part of everyday business in South America.

[silkywhite] 29/11/2015 20:57

MRF claims to know the local government have been paid off. Quite a claim and I trust he has evidence.

MRF claims to know the construction of the dam did not conform to international standards. MRF is obviosuly is a civil engineer and he checked the dam personally before the incident.

I repeat this guy should not be allowed to post.






my retirement fund
29 Nov'15 - 13:30 - 11964 of 11966 0 1

Silkywhite yes it may have been approved at a local level (with presumably a load of on-going under the table backhanders over the years), but it certainly does not confirm to internationally approved practices, and as you can now see connected party/self inspection has resulted in the deaths of 13 people and mass environmental destruction.

This is a multi billion pound organisation that has been behaving like a gang of spivs and the question is how many other unacceptable mining operations around the undeveloped world does it have its fingerprints all over ?

If you take a look at what VW have done and are now going through, times that by several thousand and you may only just start to appreciate what a shocking development this really is.

[loganair] 29/11/2015 15:54

mrf - what happened to both VW and BP were in the USA, Brazil will be expensive but no where near what would have to be paid if happened in the USA or some where similar.

[my retirement fund] 29/11/2015 13:30

Silkywhite yes it may have been approved at a local level (with presumably a load of on-going under the table backhanders over the years), but it certainly does not confirm to internationally approved practices, and as you can now see connected party/self inspection has resulted in the deaths of 13 people and mass environmental destruction.

This is a multi billion pound organisation that has been behaving like a gang of spivs and the question is how many other unacceptable mining operations around the undeveloped world does it have its fingerprints all over ?

If you take a look at what VW have done and are now going through, times that by several thousand and you may only just start to appreciate what a shocking development this really is.

[loganair] 29/11/2015 11:20

Brazil to sue BHP Billiton, Vale for $5.2 billion for burst dam

Officials say the wave of mud that spilled into the Doce River left an estimated nine tonnes of dead fish and polluted 850km of waterways and contaminated the source of drinking water for hundreds of thousands of people in Minas Gerais and Espirito Santo states.

Brazil’s environment minister Izabella Teixeira said on Friday that the companies will be sued to deal with the consequences of the burst dam over the next 10 years.

In a statement, Vale’s CEO Murilo Ferreira said the company will seek to revive the river that was a part of the company’s former name, Companhia Vale do Rio Doce.


If BHP have to pay the full $2.6bln, over 10 years will mean paying $260mln per year.

[deanroberthunt] 29/11/2015 10:09

if this donesn't rally big before the next bear market, which surely is just around the corner, then we could see £3-4

[deanroberthunt] 29/11/2015 07:36

yep, coming up to 8 years of zero rates, printing money like there's no tomorrow and we're at snails pace growth, with some flat or looking to go into recession....is this the end of capitalism.

and wil all that the FTSE is struggling at jsut over 6000....it was that in 1998, nearly 20 yrs ago!