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  • Sat Jun 02 2012
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Any Australian Traders Out There; Give me a Heads Up on The New Mining Super Tax

Is this thing going to stick? What is the word from the average Joe in Australia. They for it and going to re-elect this f-er who pulled the mini-Chavez?

He also pretty much just kicked China, full on in the nads, knowing that they are the ones buying up the resources there. If anyone has recently noticed; the Chinese are not taking a boot to the nuts quite like they used to; and actually have the economic might to exact future revenge for these types of brazen infringements.

I'm into two large mining projects in Australia at rock-bottom share prices; but this thing put a huge overhang on the mining sector there. Thinking of doubling down on the thought that there is no f-ing way any sane government; or electorate; will follow through, or allow the "gummint" to follow through on this.

Do I have to wait 2 years til they realize (like a similarly dumb f*** in Alberta recently did) that having the highest tax rate of any mining jurisdiction in the world will; after your grubby first grab for the goodies; sink your economy like a f-ing stone? Or is this just another shrimp on the f-ing barbie, mates?


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