tax grab, page-27

PA I understand your concerns, however I'm betting that BMG & Conglin Yue did their due diligence before investing millions in CAP. I'm sure they knew or suspected there would be a proposed tax increase on mining in Australia.

Conglin Yue seems to be a pretty savvy investor, he obviously didn't sell today as the volume today was the lowest it's been since before the ann. on 20/4. His average buy price from memory is .43 & I don't think he'll want to take a loss, the Conglin Investment Group's main objective is to "deliver the best quality Coking Coal and Iron Ore resources to the Chinese Major Steel Mills in the most expediant manner", so they aren't in it for a quick trade.
http://www.conglingroup.com.au/profile.html

I also don't think that BMG will be wanting to throw away the $13 million they have committed to CAP thus far.

At the end of the day, I think these guys know a whole lot more than I do, & their money is in.

And as others have said, I really can't see this 40% tax going ahead anyway in it's current form. And even if it does, how soon would BMG or CAP make "super profits"? 1st they'll have to cover all expenses, including $81m, + $20m for BFStudy, then however much to build a mine, then mine the ore & make a normal profit...

And as we all know, most people in business are waaaaaay smarter than the average politician, and always seem to find a way around these obstacles :)

Regards,
Boofy