sypaladin, where is the comparison with CUO ? Are we are talking about the same company? CopperCo was a company with a newly commissioned and profitable copper mine when management and major share holders tried to use its profits to offset the big debts of a larger company (in which they had an interest) through a reckless takeover .Management worked only in the interest of the major holders and not in the interest of the company or its many small share holders. Evan when copper prices dropped radically during the GFC,the new mine was still profitable. That is my memory of what happened and may be partially wrong. How is that relevant here.If anything it is an example of how regulations should be in place to make that sort of behavior impossible......more regulation. I know the story because I was invested in CUO for several years and was peeved off with the takeover decision.I got out and have no idea how things ended up.It was a great shame small investors were screwed by the big boys. Fail to see any relevance here except for regulation.
Abbott/Hockey are playing a dangerous game and betting the farm on their ideology.They believe by Govt getting right out of the picture business will take the reigns and steer the economy onward and upwards.In their view with business running the place productivity and demand will be lifted.They believe with this rise in the tide everyone will be lifted..... a rising tide lifts all. They believe Govt should sell off assets and DEREGULATE hard,generally get out of the way. With your example of CUO a little more regulation may have spared a large number of small share holders a lot of pain.Giving business a free hand is dangerous.
