Key iron ore and steel company with outstanding distribution network and substantial upside, suitable for overseas vulture capital.
Excellent banana republic environment, with incompetent agencies (ASIC, FIRB and unions) chartered to protect stakeholders, asleep on the job.
Want government funding for nothing? Just ask the muppets and they will provide.
Want to apply third world working conditions and wages to Australian workplaces? Again no problem, The Fair Work Commission will guide you and will refer you to Griffin Coal decision to use as a template to strip back Enterprise Agreements.
No need for environmental concerns either, just talk to your contacts at Adani Coal for advice or invite the Prime Minister to lunch.
Enjoy taking profits, tax payments and jobs offshore and turn the lights off when you leave.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
