BHP could be saving the cash for new opportunities to buy cash-strapped on-going projects.
BHP could be saving the cash for new opportunities to buy cash-strapped on-going projects.
One example during the last CREDIT crisis:
” The offer by China in 2009 to inject $19 billion into the cash-strapped Anglo-Australian mining giant Rio Tinto could prove more significant than China’s 2005 bid for Unocal, which was thwarted by U.S. opposition.”
www.nytimes.com/2009/02/16/opinion/16iht-edbowring.1.20215477.html
Unusual times ahead!
Kind rgds
Thomas
Singapore