Will be very interesting to see what happens here with the...

Will be very interesting to see what happens here with the uncertainty surrounding the new mining tax. PTT International holdss 45.4 per cent of Straits and with foreign ownership only allowed up to 49 per cent one would anticipate there will be some selling down of majority stakes.

Initially I read the new rule would not be applied to existing contracts of work however I have now seen they will now be subject to renegotiations between the government and the company.

This uncertainty may explain the sp residing below the spp and institutional placement price of 60 cents.