from this date onwards i think trf will shine, page-24

Firstly, in a worst case scenario the new tax starts in the 2011-2012 financial year.

That's not this financial year. That's not next financial year.

In my opinion one of three scenarios will occur, and each one will all be very positive for TRF and IFE.

1. Rudd will lose the coming election. Isn't the coalition now ahead in the polls?

2. The tax will be massively watered down.

3. The tax will be defeated in the Senate.

I will be very surprised, as IFE's production is expected to start later this year, which means a guaranteed one and a half years without the tax, if anything adverse happens with regard to the funding TRF and IFE have organised.

I recall how Bolivia under Hugo Chavez was going to be an absolute disaster for CXC - including nationalising their prospective silver mine.

Well, nothing of the sort happened!