I think the dumb thing is colin barnett giving the 50% royalty rebate to the smaller players. This may just prolong the low price as they are still producing. Surely as a government you must adapt your budget to the prevailing conditions which Mr Barnett clearly hasn't done. Supply and demand is one of the oldest economic principles and it is clearly in play. Once the demand picks up, prices will increase. If not, the big guys are still making good margins at the current price!
I think the dumb thing is colin barnett giving the 50% royalty...
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