I think you are correct - but only if Australians allow...

First 17 Last

Share
Profile

Follow
albalad

1,066 Posts.

4

03/08/15

13:54

Post #: 15741399
Share

Originally posted by strike101 ↑

In many ways GBG is a forerunner to how a lot of Aussie resources will go in the future. The Chinese play a very patient long game. My view is something along this lines:

1. The Chinese acquire resource, assets, leases and companies in Australia at depressed prices.

2. China negotiates a Free Trade Agreement with Australia whereby China can supply its own labour and resources to work what is acquired. This is exactly what the recent FTA the liberals negotiated allows. Under the FTA China not longer has to pass tests as to the unavailability of Aussies to do the jobs, nor does China have to pay or provide Australian wages and conditions to the workers it brings in.

3. China brings in their own labour and resources to operate and profit from the leases and companies acquired.

To some extent the above would happen even if the liberals weren't the ones negotiating the FTA. It is a natural consequence of the shrinking world we live in. Having said that this recent FTA fast tracks that so that it happens now and at a far greater cost to GBG workers.

Expand

I think you are correct - but only if Australians allow Australian politicians to get away with this - the real problem is not the Chinese - they will do what they are allowed to do.

Its about time for Australians to get off our collective arses and start to realise where we are at - there is more to the world than AFL/Cricket which most off the world does not even know exist.

GBG Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

There are more pages in this discussion • 10 more messages in this thread...

First 17 Last

Add GBG (ASX) to my watchlist

I think you are correct - but only if Australians allow...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Scientific conference spotlights PYC's work on blindness disease treatment

Sales growth pushes Lovisa's fortunes (and shares) upwards