"We remain on the lookout for quality iron ore opportunities globally, including Australia."
That's a strange comment from Harman of Anglo American!
He must know something we don't about the future progress of the mining tax.
I'm getting the feeling that there are some wild cards yet to be played in this game which is why CFE and Marampa are the ideal contrarian play.
The NSW shellacking of Labor will have to be spooking the ALP Feds. They can't continue on their existing course otherwise they will be to the right of the Libs!
I'm betting that the NSW result will ultimately see ALP take an abrupt change of direction back to their heartland which means gazzumping the green vote and spending BIG on social policies.
What better way of getting the dough (and bucketloads of it) than slaughtering a big fat "cow" which is detested by the people who vote ALP!
Yes, Julia will backtrack on another commitment, but as Pinnochio did once say "what's another lie after the whoppers I've already told?"
Unfortunately, Frasers Global Sovereign Risk assessement will have Australia on a watch alert ready for a further downgrade.
Yep, CFE and Marampa might well get a 50m free kick out of this upcoming fiasco.
A litle known fact: Very recently, when no one was looking, the Qld Govt took a bill to parliament to "pull" a mining license on Stradbroke Island. How destabilising will this be to all holders of mining tenaments?
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