The Thailand government took the TAFTA tribunal seriously, and the trade imbalance between the 2 countries means that TAFTA does have teeth.
Australia Imports from Thailand was US$11.57 Billion during 2021 and Australia Exports to Thailand was US$4.23 Billion. Thailand is Australias 4th largest car manufacturer and it is Thailand's 3rd biggest industry (and set to grow with a proposed new EV plant from BYD).
Kingsgate had real issues with not playing the corruption game when last in production. Tenements that were needed to improve grade were being withheld and no new tenements were being issued.
I'm now much more relaxed about sovereign risk. Uncle TU seems much more intent on legitimising his government and I we have done deals with the right people on refining. A Thai IPO would be icing on the cake.
As an aside - I'm surprised there hasn't been any buying from the Chinese onto our register. To me this is the biggest ongoing risk for a long term future as an ASX company.
General discussion, page-2061
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