pen totally unaffected

A small snippet from the latest D&D report...Interesting D&D (amongst others now and growing) also don't believe that the tax will pass through parliament.



"Companies have been hammered regardless of whether their operations are in Australia or not. This is the main point I want to make here. The (Rudd Tax) will be applied to all income derived from the extraction and sale of Australia's non-renewable resources. Companies operating entirely overseas ... will not be impacted.

Some stocks have been sold down aggressively even though their fundamentals are still looking great.

Australia's sovereign risk has increased in the eyes of overseas investors and the uncertainty caused by the proposed reforms has turned them off all Australian stocks indiscriminately. So, confusion has reigned this week."



"After the last few weeks of selling there is now about $100 billion in recently sold share capital waiting for a green light to get back in"



And it will come back...