I couldn't agree more HaansBlix. The FIRB delay for all recent foreign investment applications (RIO, OZL, FMG and GBG) raises serious questions as to this dept's credibility. Apart from RIO, 30 days should be more than adequate for FIRB to make a ruling - and in the case of GBG it should have been made within 7 days! A precedent has already been set in the Midwest mining sector with Sinosteel and MMX - where Sinosteel can buy up to 49% with the government's blessing.
Of course, shareholders lose patience with ongoing delays, and hence the price falls. A good time to top up for all who can see the long term success story building...
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