Disappointing to hear the news Mining Exec's are being treated like dummies by Fed Gov over RRT implementation / Consultataion. Xstrata is one of the first groups who has left Can-Beara with tail between legs after they were told in no uncertain terms to just open your wallets and get back where you came from and dig up more Rsources. BHP and Rio are next in line for the treatment. Long way to go on response by M Co's but I feel they will personally need to shut down a town ( say a Mt Isa) before the Gov opens it s eyes & ears. Why am I in this Co thread, it is companies like this fledgling Jnr that is moving to the next level of expansion and growth now that will feel the heat over the next 4 yrs. Let us only hope the POG remains high while they edge forward with developments. I hold shares in this Co and predom Mining interests and many other producers and near producers but fear this will stiffle Aust as Exp site extremely badly.If the gov remains with this "No-backflip" mentality , the only other way to remove this demon is for the Gov to be removed as soon as possible or for the groundswell from the public now to be ramped up.. Comforting to note WA & QLD premiers on board opposing this dog. SA VIC NT NSW TAS Hot Copper members post positive if you want your Premier to go to Can- Beara and oppose this dog..
AVO Price at posting:
$2.24 Sentiment: None Disclosure: Held
