RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: FundamentaI think Australia has been a toxic environment for investing in the small cap resource sector before this event. There is just too much government collusion involved in forcing the most promising projects cheaply into the hands of a larger player or the projects end up as being truly garbage.
On to the tax increase what is surprising here the world is full of corporate socialism where there is always a big money grab when a sector is performing well and a bailout for industries deemed important that are inefficient . Look at the money grab by Alberta on the oil and gas industry in 2008 or even the tax increases over the years and its effects on cash costs on Orvana's LMZ operation.
I am sure that when we are producing in Spain who is very desperate for revenues it is pretty much guaranteed that it will likely amend its taxes in its favor to extract more from the company.