Agree frankhalo, the premise of the super tax was to target BHP...

Agree frankhalo, the premise of the super tax was to target BHP and RIO - they were to pay about 2/3 of the the tax. Andrew Forrest has had the ear of Rudd, and has been pushing for some of the revenue into superannuation into mining reinvestment/rebates for the smaller players. This whole mining tax regime may end up helping the smaller to medium players.

Well it looks like again I was right - that the market oversold on the Henry tax news. BHP up 0.5%, RIO up 1.5% today. Credit Suisse have also said that the two were oversold. GBG may have made up half the two day losses if it weren't for the trading halt.