Discussion
The slide in the price of the big mining stocks this year - Rio, Xstrata, Vedanta etc has been quite spectacular with the likes of Rio now more than 80% off its May high. The popping of the commodity bubble has of course been the big driver here and while some brokers may feel this has ben overdone (top tip, never listen to brokers) this is still quite a runaway train to the downside and I for one would not want to be jumping in front of it.
When economies turn around then of course demand for the commodities should fuel a run back up for the share prices of the miners. But when is the big question here - and who's to say they are all not going to lose another 80% before that happens
Interesting times as ever.
When economies turn around then of course demand for the commodities should fuel a run back up for the share prices of the miners. But when is the big question here - and who's to say they are all not going to lose another 80% before that happens
Interesting times as ever.
Its an interesting time for all mining stocks, Rio and BHP more so due to their potential merger debacle.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
emicen said:
Its an interesting time for all mining stocks, Rio and BHP more so due to their potential merger debacle.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
Agreed - in my own personal opinion you are better off going into a casino and putting it all on red or black than trying to pick the bottom in miners at the moment. I have just had a quick look at Xstrata - it has HALVED from its November high. Volatility like that is scary stuff.I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
limpsfield said:
emicen said:
Its an interesting time for all mining stocks, Rio and BHP more so due to their potential merger debacle.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
Agreed - in my own personal opinion you are better off going into a casino and putting it all on red or black than trying to pick the bottom in miners at the moment. I have just had a quick look at Xstrata - it has HALVED from its November high. Volatility like that is scary stuff.I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
ATM said:
limpsfield said:
emicen said:
Its an interesting time for all mining stocks, Rio and BHP more so due to their potential merger debacle.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
Agreed - in my own personal opinion you are better off going into a casino and putting it all on red or black than trying to pick the bottom in miners at the moment. I have just had a quick look at Xstrata - it has HALVED from its November high. Volatility like that is scary stuff.I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
[I felt BHP had gone down as far as they would when they hit £12. I've sat and watched as they went to 8 then nearly back to 12. In a couple of years I'll probably be able to get back out without a big loss. I called it wrong, hands up, but I'm not going to make the compound mistake of calling it wrong then selling out at the bottom just to get my money out]
emicen said:
ATM said:
limpsfield said:
emicen said:
Its an interesting time for all mining stocks, Rio and BHP more so due to their potential merger debacle.
I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
Agreed - in my own personal opinion you are better off going into a casino and putting it all on red or black than trying to pick the bottom in miners at the moment. I have just had a quick look at Xstrata - it has HALVED from its November high. Volatility like that is scary stuff.I'm not convinced they've fallen as low as they will just yet. BHP are around £10 today having brushed nearly £12 earlier this week. In the last 6 months they've been down as low as £8, prior to that they were up in the £20s. Call it right, theres money to be made, call it wrong, you're going to have a loooooooooooong hold.
[I felt BHP had gone down as far as they would when they hit £12. I've sat and watched as they went to 8 then nearly back to 12. In a couple of years I'll probably be able to get back out without a big loss. I called it wrong, hands up, but I'm not going to make the compound mistake of calling it wrong then selling out at the bottom just to get my money out]
honest_delboy said:
sorry for being dumb but don't you still get dividends with this share ? ie. so capital growth isn't as essential.
you do but would you be happy to see the value of your investment drop 80% in 6 months, but as least you have a six monthly div. The risk is of course when times get tough companies cut or stop paying diviI think the historical yield on Rio is around 4.8% at the moment - and getting better by the day
Edited by limpsfield on Wednesday 3rd December 21:56
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