4corners, page-5

If any body is home at ARH and happens to be reading this forum would be great if you could give us an indication of what you're doing to pass the time these days. An update on progress (of any sort). The Chinese roadshow previously touted, a new MD for the company? Anything would be nice???!?!?

Signed
Concerned Shareholder.

Yes, I exaggerated mining tax threat: Palmer June 7, 2010 - 2:05PM

One of the most vocal critics of the Rudd government?s proposed resource profits tax has admitted he exaggerated the possible consequences.

Mining magnate Clive Palmer said in May he would cancel two projects in Western Australia?s Pilbara region, which would have employed 5000 people, because of the levy.

The executive chairman of Mineralogy said one of those projects would employ 3000 people and generate about $2 billion a year in exports.

But he has now told the ABC he may have exaggerated.

Asked if he had exaggerated the threat, Mr Palmer told tonight?s Four Corners program: ??Probably. It should?ve been, you know, slowing them down, waiting to see what happens.??

The federal government has been quick to criticise Mr Palmer, a prominent donor to Queensland?s Liberal National Party and Australia?s seventh richest man.

Small Business Minister Craig Emerson said Mr Palmer?s admissions cast doubt on the entire scare campaign over Labor?s proposed 40 per cent resources super profits tax.

??Clive Palmer?s deliberate campaign of misinformation has been exposed for the scam it is,?? he said in a statement.

AAP