Australia is seen as basically as a farm and quarry to overseas investors. This is confirmed when the AUD$ gets pumelled when commodities get smashed. Australia can't compete with goods being manafactured in asia due to low wages and low taxes. What we do have is resources. Why would the Australian government let the farm and quarry be sold off at fire sale prices? Answer: because they are dunces DON'T LET THEM SELL OUR FARM AND QUARRY. or we will have nothing.
OZL Price at posting:
$5.85 Sentiment: Hold Disclosure: Held
