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Hi KitKat
I didn't really say anything of value in that last post, it felt like a yahoo board post, all posturing no substance. Still I'm glad it was of some use.
I agree with your 30% drop. BHP currently trades in AUS at $28.5 and I would be looking for $20 and it could easily overshoot. If the global recession deepens then $15AUD and even $10 may be on the cards.

I don't like management. Marius Kloppers is the epitome I what I dislike in management. He is an empire builder, focused on the size of his patch rather than prudent capital allocation. The RIO bid was ludicrous and ill conceived. The only real reason for it was to build a larger empire for Kloppers.

I was seldom impressed by any BHP management, but then again I was also working for Shell at the time and their management is astoundingly impressive, so maybe my view was distorted.

BHP are extremely well diversified with many excellent assets. Olympic Dam is an amazing asset, have a look at some images of it. It is an unbelievable mine, the scale is mind boggling.

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