LYC 3.35% $8.02 lynas rare earths limited

the malaysian insider article, page-22

  1. 2,710 Posts.
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    Australia's sovereign risk via the extra royalties etc to be added as mentioned above is certainly why I pick stocks that are just as good as Australia's but being developed overseas. This labor govt, if it had any sense would aid value adding here..does it? No. So simple market forces come to play.
    Gillard is so quick to get possessive about mining profits but fails to understand the gamble that so many take in getting these things off the ground. The profits made by Australian shareholders generally stays in Australia. There is NO point further taxing Australian shareholders because they have the motivation and smarts to bother learning and taking the gamble with investing.
    People who have no interest in the market cannot expect to profit by the same. They should be content to work for an hourly wage and have their super invested. And so why should super be further threatened by extra mining taxes.
    If you want to creep up the reward for Australia introduce restrictions to outright OS ownership...but gently.
 
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