Ann: Chairman's AGM address, page-5

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grindstone cowboy

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15/12/22

14:01

Post #: 65326328
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Originally posted by barrybigjobs: ↑

Overall I read this as - we're up and running, pivoting on source to match grades with AISC and looking ahead to a new year as a producer.

On labour, what a silly comment. Literally every industry is short of workers right now and that includes NFP and Govt sectors, not just business. Your myopia in defence of "business" might be getting the better of you. If you think this is driven by a quite recently elected Government you're smoking it. Given Australia's birth rate does not match the overall population growth rate the difference is immigration. This difference allows industries to grow simultaneously to each other ie not just mining or not just tech as otherwise we'd have to move the same or dwindling group of people between industries and pay rates would likely determine that direction. Take immigration out and you have a gap that creates shortages unless we scale back activity generally. Nobody wants to scale back so the gap between the supply and demand of labour is amplified presently and its causing problems all over the economy. See the massive drop below and just check, when did that happen - was this driven by a political party or something else?. From what I understand there was a massive backlog of visa's to get through due to depts being defunded under a previous govt. Could the current Govt reverse prior policies faster - yes I guess so. Can they accelerate visa reforms, absolutely. Are they to blame for my investment performance, soz, no.

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bit dumb of him to mention Labor, of course the flip side is high unemployment, therefore cheap labour for some business and recession for others mainly consumer businesses.

TUL Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Chairman's AGM address, page-5

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