BSX 5.88% 3.2¢ blackstone minerals limited

If a 4.8c capital raising is to occur alongside Government...

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    If a 4.8c capital raising is to occur alongside Government backed financing then under Prime Minister Albanese it is likely the Government may wish to participate. As an example The Australian Government just provided $470m financing to a quantum computing firm, Psi Quantum and took up a $189.5m equity stake in the Company as part of the financing package. The Queensland Government also participated with $200m and $75m debt facilities.

    If taxpayers money was to be used to advance the business interests of BSX and the Australian nickel industry in general would it be fair to then allow taxpayers to benefit from part ownership of the Company by investing in equity and would the Vietnamese Government be happy to allow this after consultations with the Australian Government? Is 4.8c a fair price for the Australian Government to pay for a shareholding in BSX and what percentage of the Company would be suitable for the Australian people to own? Would the Australian Government be a suitable Joint Venture partner to own 50% of the refinery instead? In order to save the Australian nickel industry should the Government take an equity stake in mines here such as Panoramic as well?

    Here's how that example works:

    The Weekend Australian, A Quantum Leap for Taxpayers:

    https://www.paulfletcher.com.au/paul-media/weekend-australian-quantum-leap-taxpayers
 
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