General Discussion, page-7360

“The reality” is that FIRB is merely a division of Treasury and an adviser to the Treasurer, not an independent statutory adjudicator. And if you hadn’t noticed, the Treasurer has changed. After the blocking of Chinese foreign investment was discussed by Albanese & Xi in Bali last November, the relationship with China has been undergoing an attempted reset and Jim Chalmers has been quietly waving through Chinese foreign investment applications, from Baowu’s ~$1bn chunk of Rio’s Western Range iron ore project in Feb to the Tsingshan subsidiary tipping ~$400m into Aus-owned Indonesian nickel assets just last month.

You can sneer and attempt to belittle all you like, utah, but the geopolitics have undeniably changed and will continue to do so. If FIRB is your main barricade to the possibility of GF having any other ideas or designs on Leo, then you could find yourself as mistaken as you were here at the time of demerger when you floated your FFX and LLL valuations. But hey, do keep up your snarling.