"I have been bought out so many times by foreign companies and I am not a happy little camper about it. My examples are Pioneer, Dome Resources, QUF (Pauls), MIM. Now Victa mowers are owned overseas"
Add MGX (effectively taken over), Oz minerals companies less PH, are two more that we lost out on. Even BHP is now only about 19% Aussie owned. I'm eating a Cadbury's chocolate right now and thinking even the glass and a half of full cream milk it is supposed to contain is produced at a loss and cadburys itself went overseas a long time ago.
We should have Lynas "a line in the sand" or rather a line in the rare earths. It is bad enough having the production done overseas but we must keep control of the resources.
LYC Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held
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