Australia doesn’t know how to go it alone and has no decision makers have the gonads.
The ASX is urine weak, someone has a nightmare in the back end of Timbuktu and it spirals downward in a free fall state, until it’s realised it was only someone’s dad dream. Mum and dad investors get burnt and bail out, loosing their money and on it goes. Auz could be a real powerhouse in the global supply of commodities if it got its crap together, and that includes further processing here for full benefit.
As Ive spruiked for long enough, look around the world and show me a country that’s realised true value for its commodities doing an appeasing deal with the US. None! They are all broke poor and considered in the western world to be at best third world countries.
Show me that Auz isn’t headed down the same path.
TOE Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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