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Is BHP & RIO a buy?

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Is BHP & RIO a buy?

Hi James, with your current view on bond yields and the $US would you think the heavily sold down BHP and RIO (even though it cut guidance today) would be buys? The charts seem to have found a bottom and reversed upward. Cheers Mick.

Answer

Hi Mick,
We are watching the space very closely and actually agree with your thought process, were specifically looking at MIN around $38 although RIO sub $90 & / or BHP around $35.50 would also be very tempting – MM is already long BHP with a 9% weighting hence its unlikely we will be adding to our holding.

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BHP Group (BHP)
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