BHP Group Ltd (OTCPK:BHPLF)

$ 29.106 0.106 (0.37%) Market Cap: 143.96 Bil Enterprise Value: 155.76 Bil PE Ratio: 19.77 PB Ratio: 3.52 GF Score: 84/100

BHP Group Ltd Annual Shareholders Meeting Transcript

Nov 06, 2019 / 11:00PM GMT

Release Date Price: $23.23

Transcript

Ken MacKenzie

BHP Group - Independent Chairman of the Board

Well, good morning, ladies and gentlemen. It's great to be in Sydney, and a pleasure to welcome you all to our BHP Group Limited Annual General Meeting.

And while our headquarters are in Victoria, New South Wales plays a key part in BHP's history. It was, of course, in Broken Hill, 1,100 kilometers west of here, that a group of 7 men started to sink shafts and explore for silver, lead and zinc. In 1885, they were confident enough to list a new public company. They quickly sold 500 shares here in Sydney; 500 in Adelaide; 500 in Silverton, which is the town closest to Broken Hill; and subsequently, 500 shares in Melbourne.

And one of the 7 men, Charles Rasp, said retrospectively, "For 12 months, it was really doubtful whether we would make anything out of it; I had unlimited faith in it right through. Of course, I did not think it would turn out as big as it has done, but I always thought it would be a fairly good thing." We're certainly grateful for Charles Rasp's vision and also to those original Sydney-based investors for

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