chairmans letter, page-30

stevehoff,

"To my mind there is one important aspect that we have yet to fully discuss. Do we want to sell a controlling interest in an Australian resource, to a foreign company? "

Although I agree with the fact that a philosophical question should have been asked ----------------

I believe we should have asked it decades ago.

See below ----------- the horse has bolted, the dog is out the gate, the canary is already dead.

Personally, I think we as fml'ers should just look after ourselves now ----------- if we like the deal, vote yes. If we don't like the deal ------- vote no.

Australia has long ago decided to sell the farm -- that is what we do.

It is way way way too late for a philosophical discussion on this matter - and if you have been watching for a while - and I think you have ---------- people dumped heaps on others on this forum when they raised philosophical matters.

Only now do some (not thinking of you with this comment) think it is of high importance - well, sorry, we should have discussed it long long ago.

have a great day

Pinto


ps - there is a plethora of evidence of foreign ownership out there - the link below is just one example.


http://greens.org.au/sites/greens.org.au/files/Foreign%20Ownership%20of%20Australian%20Mines.pdf
"The mining industry in Australia is about 83% foreign owned. This reflects the high
foreign ownership of the two major players – BHP-Billiton at 76% and Rio Tinto at 83%.
While most people think of BHP as an Australian company, ‘...BHP under our laws is a
foreign corporation, as is Rio Tinto
1
.’ Between them, these two companies make up
about 70% of the listed company resources."