Ultra A gutsy move in the current environment. I am not prepared...

Ultra
A gutsy move in the current environment. I am not prepared to punt on the labour govt losing the next election or labour not having a majority in the senate. In my view unless labour lose the resource tax will get passed.

Companies such as TRF and IFE will be the hardest hit by the new tax. They will just not be able to get funding for their projects.

I can see IFE falling to well under $1 and as such TRF can do nothing else but follow