A laugh and yawn at/with Crikey...

A laugh and yawn at/with Crikey !
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A credibility gap yawns again for miners.

by Bernard Keane and Glenn Dyer - 5/5/10

Fancy News Ltd and other media outlets (such as the Seven Network's 6pm News) giving oxygen to characters such as Tony Sage and Clive Palmer and their claimed dummy spits over the proposed Resources Super Profits Tax.

Seven's Mark Riley described Palmer as one of our leading industrialists. Clive is nothing of the sort. Clive has a company called Mineralology, and before that he had another that was going to float, but didn't (the GFC ate it). But lately Palmer has struggled to get a project up. There have been lots of announcements of deals with companies in Asia, but nothing concrete. Clive's last big deal was a huge coal project in Central Queensland. His boosting of it and himself upset his partner, which denied a deal had been done.

Sage chairs the listed Cape Lambert Resources and International Petroleum and has more credibility in developing resources projects than Clive. Indeed, if you consult Sage's glowing Wikipedia page, it insists he is "one of the leading figures in the lucrative global resources industry".

But their almost simultaneous public appearances within a day of each other raises some intriguing similarities. One might almost wonder if they were one and the same......

(continued)

http://www.crikey.com.au/2010/05/05/the-games-people-play-a-credibility-gap-yawns-again-for-miners/