Maxe Paul

BHP, Rio Tinto Profits to Bottom Soon

Of course they need our Aussie ore, we do them a favour by letting them negotiate contact prices, and their greed (China) now has them arresting Australian people on trumped up charges and trying to bully our mining companies because they don't like the price?

Buy it on the spot market then you FCN idiots.


On Sep 08 06:20 AM Ben Gee wrote:

> Iron ore producers are betting that steel makers need their product
> more than they need their market. I wish them luck. I hope they know
> what they are doing.

First in, First Out? U.S. Leading OECD Out of Recession

Australia did not "skirt a serious recession", we did not have a recession at all.

How can you think the US will lead Australia out of a recession if we were never in one?

The only thing the US will lead out of is the bear market rally.

It's laughable, i think you have been watching too much CNBC.

Analyzing the Australian Dollar, Up, Down and Under

I read this on Kitco metals yesterday, fine article Gary.

Yes us Aussies have it pretty good, Im starting a petition to make the Aussie the new world currencey, so far ive signed up 2 Japanese chicks, 5 Chinese students and a Pommie backbacker.

LOOK OUT USA!

BHP Billiton: How to Read the Cutbacks

Yes it means they close a mine (like Ravensthorpe) and then bury all the mining equipment in the pit so noone can reopen it in a hurry. Great way to treat shareholders money!


On Jul 14 02:51 AM Alan Young wrote:

> "Suspending cash-negative operations" -- that sounds like a no-brainer,
> but maybe we're missing something.

Australia's Economy 'Unexpectedly' Contracts: Expect This to Continue

Dont bet against Australia, we will rise again firmly on the back of China and growth in Asia.

Unfortunately we also got a little caught up in the leverage stupidity of the boom, but our banks are the strongest in the world, and did not partake in the CDS, and subprime garbage as other world wide banks have.

If you invest US$ today, changed into AUS$ and invest in our banks you will do very, very, very well in a few years time.

BHP Is Best of the Miners - Barron's

BTW, im not sure what is up with your graph, but BHP was never $90 and is not currently $45.

BHP Is Best of the Miners - Barron's

BHP should have taken over Rio Tinto back when Brian Gilbertson was in charge, but the board backed away from his then hostile bid. This has proved a very costly mistake, by trying to make a friendly approach at the top of the market.

Investors would be best to buy BHP on dips when, and if they launch bids for rivals or aquire assets going forward. BHP looks fully priced at these levels. There is definately more downside risk than upside in the current price.