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the stupidity of taxing heavily, page-35

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Lapdog

47,483 Posts.

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23/07/24

20:38

Post #: 74881400
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Originally posted by Hingdog: ↑

wow really? How many billions get invested in the biotech sector annually? How much of that gets a return? You really want govt deciding which "ideas" to fund to see if it can become a successful drug? They can't even manage to build roads and rail, they got no hope funding the biotech sector, they'd lose more money than they'd ever make ...

oh and fwiw, I mostly avoid trial stage bios as I dislike immensely the idea of waking up to a 90% gap down on a trial failure. This year I found one that was to me an obvious play and took a big plunge, so far playing out fantastically (CU6)

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@Hingdog; congratulations on that biotech success.

Government does have a role to play in the biotech sector and Victoria has indeed done exactly that - albeit our state government doesn't dictate what gets researched / developed.

As for losing money, BHP takes the cake on that one:
. Petrohawk
. Samarco Dam Disaster
. Attempt to buy RIO
. Escondida
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