chairmans letter, page-32

This thread is drifting away from thr point...DT's Letter.

I would add this before commenting further on DT's letter.

Aust Govt and Treasury decided 50 or more years ago that having ownership of anything in Australian companies was irrelevant. Totally irrelevant.

The Govt can make laws and bind the companies to anything.

The companies pay company tax. All the workers pay tax. Companies pay royalties and levys.

Whether individual Australians or ordinary Australians through super or other instos, actually have representation in this companies is COMPLETELY IRRELEVANT.

Its about Governments/politicians having enough money to sprinkle trinkets and beads to buy your vote.

This not a rant, but you need to think this through.
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DT letter.
To be fair, he did make a fair fist of it. But the die was cast at the beginning of the year., had the deal arrived after two months rather than 6 maybe it would have been more favourably received.

The cards were dealt and he is just playing the rounds with the cards he dealt himself, or the few cards he could pick up.

Do really care if its Shangdong Gold? Nope. If it was Gazprom, BHP, Barrick, Rio, my answer would be the same...trust these guys with 51%? It will all be right on the day?

Hey, this is my money we are talking about!