Yeah their ha a tough time, the drought has not been their friend.
As is often the case, ya best ,even second best asset,( oil, hydro power ) can also be a liability, WA for example is in the crapper, wheres the Iron Ore price?
Luckily WA can put its hand out for some cash, via the horizontal fiscal equalisation scheme,which to this poster smacks of socialism.
Raider
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