SMM somerset minerals limited

Hi folks,I,ll be first to admit there is little basis to my...

  1. 397 Posts.
    Hi folks,I,ll be first to admit there is little basis to my following theory. Just some mid-day musings.

    Mr Beattie has expressed his support for the coal industry through his refusal to push for a u mine in QLD.
    BMA, one of the states largest coal producers, likley had a strong influence in development of the no u mine stance.
    With BHP planning to extend their recently aquired super u pit in SA, whats the chances that BHP related figures are feeding Mr Beattie a pointless tale about protecting the coal industry.
    The shortage of skilled workers is a valid argument, however this will no longer be valid when folk start to leave the state lured by BHP's sign up bonuses (up to $50000 I believe).
    If Beattie thinks at any stage that his state will lose out due to current state rulings, watch for a sudden backflip.




 
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