Hi DB1, Good find. Mind you, the comment could have been "Australia's government has fallen in a no-confidence vote, as opposition parties seized on widespread public anger over biting austerity measures, cronyism and corruption."
Sovereign risk can be a real issue and the Aust govt has been no different than others in raising it.
Did they dodge a bullet? Hard to tell. BHP gave up the Oly Tolgoi tenement due to risk, Rio took it and has benefited by owning the next Escondida.
I will keep an open mind and not draw a black and white conclusion on this one yet.
HT1
OZL Price at posting:
$9.48 Sentiment: LT Buy Disclosure: Held
