I see Gautum gets his mine by mid 2017 PM will sign off rail link deal within the month with GAdani
,21.7 billion is the cost of the mine for 1ok jobs in QLD
AAAAHHH
The environmental damage that Carmichael will cause around the world, the hypocrisy never ends,
PB will be kicking himself in the backside from the royalty loss, well he's got himself to blame, he wanted to become huge as big as his ego in a short amount of time with a 7billion company by increasing his debt levels to 600million with a falling oil price from a 10year high WTI
AT least now I realize how flawed that outcome was and he was doomed to fail, lesson learned
Another lesson
The only cure for a low oil price is a low oil price ie the companies that struggled to make a buck with 40 dollar oil are long gone and only the more are strategic ones are left to fill in the increasing demand
I guess what Im saying is LNC what a good teacher in what not to invest in
cheers
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held