Better SELL Rio now and BUY BOC! Bloomberg reports today: "Australia plans to impose the world's heaviest tax regime on mining companies, cutting billions of dollars in profits for BHP Billiton Ltd. and Rio Tinto Group as part of the broadest tax overhaul since World War II." Due to Labour plans Rio Tinto, BHP may crash today. But: Rio's subsidiary Bougainville Copper Ltd. (BOC) is not concerned at all! The company based in Port Moresby (PNG) is not under Australian Tax Law! Also the promising prospect of re-opening the giant Panguna mine within the next five years (BCL Chairman Taylor's AGM statement last week) might help to soar BOC share prices up to 1.80 A$ (last on Friday: 0.62 A$) in the near future. A good opportunity for all investors who switch from RIO to BOC now as an excellent trading position!
BOC Price at posting:
62.0¢ Sentiment: ST Buy Disclosure: Held
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