Mining dominates ASX200 leader board

Alex Cowie

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John went on to say  that: “The free cash flow generation coming out of the big mining companies of which BHP is the largest is massive. So spot prices in the key commodities have picked up significantly compared to earlier this calendar year, so if spot prices stay anywhere near where they now, then the free cash flow generation will be huge over the next couple of years. Kind of ironic that you can make money out of resource cycle stocks at the bottom of the cycle as opposed to the top of the cycle, but that's the way it is with resource stocks sometimes. The free cash flow generation big pickup there, Matt, and therefore, big pickup in dividends as well, which is good. And the share price with follow as well. It's BHP for me.” Vince and John expanded on their views in the following episode. Video and full transcript here.  (VIEW LINK)

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Alex Cowie
Alex Cowie
Content Director

Alex happily served as Livewire's Content Director for the last four years, using a decade of industry experience to deliver the most valuable, and readable, market insights to all Australian investors.

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