Someone made a very telling point tonight. Septa, it might have been you. Apologies if I have got the wrong name.
If the MRRT goes through, the government is effectively nationalising 40% of the production out of Australian mines.
To those who keep on flogging the "nationalisation in South Africa" argument, there is both evidence to both prove/deny the risk so what is the point of repeating youselves over and over and over?
The RSA mines minister says it "won't happen in her lifetime" while the president is supposedly taking steps to support nationalisation in the futre. For mine (no pun LOL), I would be backing the mines minister to have more of an idea of what is going on. The president is probably just chasing the coin, while the minister will know what is good for the economy.
CCC Price at posting:
70.0¢ Sentiment: LT Buy Disclosure: Held
