the gov should protect Capital assets .. money has been spent/wasted by Australians everywhere ..bui, page-6

What a load if gas, talk about corporate socialism on steroids.

You invest in those with tier one assets, or something close, and you sleep at night with modest returns.

Alternatively we try to get greedy, and put everything into marginal fair weather players for the high returns ( eg delusional PEs of 1.5 ) with high risk, take the rewards when the going is good, and then when the risk bites we ask the government to change the rules to bale us out?

Where next, protecting the corner shop from the big supermarkets? Protecting local tee shirt manufacturers? Paying 50% more for locally made cars? Locally made iPads?

Iron ore consumers could be rightly aggrieved if a cartel of big producers were seen to be withholding capacity to keep the price artificially high.

AGO is no FMG, there is no strategic benefit to the consumer in it existing, in fact provided someone uses the port capacity it really makes diddly squat to any one but the shareholders, and perhaps employees/subcontractors who might need to switch employer.

EL