All,
Just to clarify my personal views on our current predicament.
In my thinking the best outcome$ wise would be for the Feds to deny the PEP11 permit. This would be deemed unlawful and open the government up to not just legal action, but compensations well.
I for one believe that IF we do get a denial before the election, then a few might sell into $0.004, but I do feel that this would be bought up aggressively as the path forward after that becomes clearer.
My take is they sit on their hands until caretaker mode kicks in and then we push hard once the outcome of the election is known.
GLTAH and why I invest in MMR and not in BPH is due to the massive advantage of the Zero Tax Status. I wouldn't at all be surprised as we approach the federal election due before Mid May that the SP of both BPH and MMR will firm up heading into this period as it is highly likely that one way or another that the PEP11 band aid will be ripped off sometime early in the next term of government.
Remember, Australia produces around1% of the entire global emissions and the below is a graphical reminder on how silly the current government policy of "URGENT NET ZERO" is.
(20min delay)