When the workers in the mines want better pay and conditions they go on strike with the help of the union and gov.And the mining companies give in as there is too much money invested and at stake.
Are we seeing a reverse of this situation ?
The companies like FMG ,BHP etc are going on "strike" because of gov imposing heavy tax that would make it difficult for these companies like FMG to obtain more finance for the proposed expansion of the mines .
Who is going to save the companies now ?
Would the gov /unions save the unemployed workers ?
Some tax ,at the right time is needed. When and how is the question.
implication of the proposed resource super tax, page-27
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Last
$18.12 |
Change
-1.430(7.31%) |
Mkt cap ! $55.79B | |||
| Open | High | Low | Value | Volume |
| $18.76 | $18.85 | $18.12 | $253.5M | 13.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 14492 | $18.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.15 | 25635 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |