Yep, we were all warned and knew as to how new Labor would threaten the fiscal stability of the nation. They have openly boasted as to the accelerated destruction of the resources sector, and the support industries, especially coal (NHC and WHC and many more), gas and iron ore. Now that Minster Bowen was over at COP 27 at home with the global elites, with the national credit maxed out committing to open ended reparations to others (yet to be decided but possibly lesser well off nations India, China possibly?) on an annual basis. Currently no taxpayer money for all those locals impacted by the inland natural disasters but $Bn's for the Govt to parade around the world big noting themselves. Now coal is the biggest export earner for the nation, overtaking iron ore but look out for your coal investments, they are at real risk.
NHC Price at posting:
$5.76 Sentiment: None Disclosure: Held
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