never bite the hand that feeds you Benson! my kudos has saved...

First 40 Last

Share
Profile

Follow
crazypunter

5,760 Posts.

111

19/11/18

18:56

Post #: 36561803
Share

Originally posted by benson1610 ↑

Still to soon CP,maybe once a year better.
Just a couple of points worth noting.
Without doubt this little steel producer is of national importance.
If ever a co had every possible support from every possible positive political/regulatory interference it would be this little co.
In short,bis is imperative to both sides of govts and state govts to make possible their defence policies and to provide ongoing armor/pressure plate for production and maintenance for 30 plus years in order to make australia self sufficient and less vulnerable if any conflict.
Thats politics covered ie both PM's,energy minister,defence minister,defence industry minister understand the importance of bis in making their $200b defence policy viable.
Then we have the accc which could not be supporting such a co more than what they have started to do and will continue to do regarding natural gas pricing.
Then we have the smarter state govts and territory,the smarter states understand the importance of increase domestic gas supply,especially for industry ,example
manufacturers monthly 16/11/18 'QLD govt opens up surat basin gas for manufacturers'.ie article says condition being any development must go towards suppyling domestic manufacturers.

All the above have been ridiculously slow in the understanding of the gas situation,but the penny has dropped on the importance of providing our industry with a competitive advantage in reasonably pricing natural gas.
So i have no doubt bis is using all above where possible in order to negotiate the best possible gas supply contract.
It will be interesting.

Expand

never bite the hand that feeds you Benson!

my kudos has saved your bacon so a special word of thanks would be nice.

cheers crazypunter

BIS Price at posting: 82.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply