it would really bad if the first act of the new government was to just turn over this strategic resource to the Chinese Communist Party who would not operate it on a regular commercial basis. If Taiwan or Japan says something bad about Xi then CCP can cut them off from Australian coal supplies.
I think a reasonable compromise that would allow Labor to demonstrate to China that it is open for foreign investment and a reset of relations but still safeguard Australian national interest would be to allow Yankuang to increase its stake up to 79.9% +/- but continue past government’s requirement that Yancoal stay headquartered in Australia and listed on the ASX.
in this case I am happy to hold and get dividends.
this is how I see the most likely outcome but I am american and don’t know the politics and am looking for more opinions on the FIRB politics. Thxs.
it would really bad if the first act of the new government was...
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