RIP the Australian Mining Industry. The Greens/Gillard killed off mine development, 457 visas destroyed our knowledge base, and now short term greed by parasites (they contribute nothing) is killing Investment interest. It will be a sad day when Australia becomes a net importer of minerals because it becomes impossible to raise development capital on the ASX!
Yet again we receive confirmation that Longonjo is a World Class deposit of a mineral that every market but the ASX sees as being critical for the future of the transport and power industries. The trouble in Australia is that we have been brain washed to believe that EV's are not viable, so let's stick our collective head in the sand !. In consequence we do not see the greater potential of investing in this sector, just the opportunity to make a few cents by shorting and day trading. The sooner Management obtain a European listing the better, at least we will then be operating in an informed and proactive market place. In fact it would probably not hurt to transfer the whole listing and get rid of these piss-ant Australian brokers who seem to think that end of day dumps are OK.
