Intereting article in the smh on contagion with other governments expected to follow suit and tax the living daylights out of resources.
Buckle up (i.e. next 2 - 5 years) because if this occurs Miners no doubt will pass costs onto the consumer.
This reeks of inflation.
Another article in business spectator mentions that sources from the Labor government have said they are seriously considering backing down considerably on the tax.
Either way I expect MCO to do well.
MCO Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
