tax grab, page-20

Hi PA.....

Rudd has no idea. Companies have started to pull out of Australian mining projects in the last two days. Clive Parmer has already said he will scrap two mines and there is a news report that CFE is scraping an Australian one as well.

I now hold no Australian mining company with Australian projects (but I own an oiler). I have exited them all in the last two days.

K Dudd seriously has no idea.... I'll jump back into CAP once the dust has settled, and there is more certainty in the market. I think all the Aussie miners are going to see quite a few more days selling pressure over this.