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Yes, let's hope the £30 mark is reached again this year.
Expecting a strong year ahead for BHP.
Iron ore futures rose by US64 cents a tonne or 0.5% to US$117.79 a tonne:
https://twitter.com/CommSec/status/1610376561139789825
Iron ore price rises as more policy support looms in China! Most-traded May contract on China’s Dalian Commodity Exchange traded higher at $118.7 a ton:
https://twitter.com/Alpha_Bronze/status/1607734292582375424
"Good morning, iron ore futures rose by US$1.24 a tonne or 1.1% to US$110.50 a tonne yesterday":
https://twitter.com/CommSec/status/1603464780420771840
Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs:
https://twitter.com/BNCommodities/status/1603329522295885824
China re-opening is just as bad as China lockdown.
The Chinese vaccine has been widely talked as being inferior to the western vaccine counterpart and don’t expect good news next yr from China.
We all know that China will not be buying the western vaccine to shore up there vaccine supplies as they want to be seen as the powerhouse.
Though we wait and see.
Merry xmas everyone
i hope BHP leave this OZ alone. HP are paying a premium to what is ahead of us. GLOBAL recession.
Leave it and come back n3xt year.
China will gradually relax Covid containment measures over the next seven months, resulting in a full reopening by mid-2023, Bloomberg Economics forecasts:
https://twitter.com/markets/status/1597885570721746946
China-focused firms rally on hopes of reopening
https://www.thetimes.co.uk/article/china-focused-firms-rally-on-hopes-of-reopening-30k3rptw7
London’s blue-chips miners rally! :)
Junior UFO Alien Metals which will be a low-cost producer of premium high-grade Iron Ore is up over 10%.
I like it. Hopefully it will get voted through. I thought back in August they needed to pay nearer 30 and glad that they have come back with an increased offer and are using that cash surplus in acquisitions.
BHP has raised their offer from A$25 to A$28.25, with latest closing price A$26.3.
I've been an investor in BHP for many years and my read is that if OZ doesn't accept the raised offer BHP will walk.
I hope the deal goes through. I don't remember the detail but when I looked at this a few months back it seemed a good move by BHP.
almost 25% UP in 2 weeks since the doomsters on this.....wow
Perhaps the Chinese have other reasons for keeping the brakes on
They are not stupid and they know that you cant avoid Covid, its like walking in the rain and trying to avoid the rain drops and there is no point in lockdowns if you are going to mix with the rest of the world
I can think of a few scenarios that will prove far more profitable than the loses due to a lockdown
I remember the bad old days when a certain motor company was getting to much inventory, a manager would whack an employee and the workforce would go on strike, the workers didn't get paid until the company apologised and maybe fired the offender, the inventory balanced out and everyone was happy, apart from the workers who lost pay
still rocketing UP
Let me summarise the situation.
The world is faced with a pandemic, some earlier than others, but at the end of the day, world is vulnerable to the same situation.
Vaccines are developed, some work better than others. The world makes it’s mind up which are best.
Programs are developed to implement mass vaccination programs (which for the best part work)
The world starts to return to normal.
Except for China.
Why are Chinese people asking why are we still in the same situation as 2 years ago ?
Zero covid policy to stay imho
https://www.google.com/amp/s/uk.finance.yahoo.com/amphtml/news/china-doubles-down-zero-covid-092554607.html
7.73% UP now
over 6.7% UP this morning.....wow
rocketing 5.7% up so fat this morning alone......huge companies tend not to move so massively
I have read a recent report that China has discovered a massive surface coal deposit in Mongolia.. That's got hurt Aus and their coal exports.
forgot to mention, the real reason for the continued slump is due to China’s re-election of XI as president.
This is bad news going forward, and this is why CTY
( City of London Trust ) sold their entire holding in BHP.
looks like that SELL sign from CTY was a heads up for what was to come ahead.
dropping like a steel bullet
price down again from gains yesterday
so would bhp spike lots or will it crash if $ collapses as the start of it is probably happening? bhp in dollars.....although commodity prices will spike me thinks.
any thoughts?