dog boxes is another issue. They allow foreigners to own them as it generates jobs, construction is one of the biggest in the nation.
Superfund values? Of course anything unlisted is dubious. Always will be. However incoming cash flows always ensure outflows are met, a ponzi but not a ponzi (pooled investment funds). All funds are audited, by pimply fresh graduates with a partner signing off from one of the big 4 accounting firms. Just a stamp of a brand name in my opinion.
Their is is no good of Australia losing one of its only large globally competitive businesses to foreigners. Ironically RIO is actually around 70% listed (owned) in the UK, remaining here. However the grounding here keeps it under check.
RIO Price at posting:
$92.50 Sentiment: Hold Disclosure: Held
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