iron ore prices are in for a long-tern decline. lithium prices are in freefall. the nickel market has collapsed. mines have been closed, new projects are stopped.
So what does the Editoral want? It calls for the Federal government to remove environmental restrictions on mines. So that, presumably, the government can sponsor mega-rich companies as they enter into dead and dying markets.
That's right. Feel free to dig up and destroy the environment and when you fail tax-payers' dollars will cover your losses.
The Editorial is a clear demand by someone who is owned by a company which is so profitable that it pays zero in taxes.
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Then there's poor Chris Ellison. His mining company can hardly make a billion a day from lithium.
So why is he mining lithium at all?
His business sense is so really bad that he chose to invest in a losing industry.
Nick Lethbridge / Consulting Dexitroboper
Agamedes Consulting / Problems? Solved.
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Happiness is wanting what you already have
Now he's forced to cut costs to the bone. Though you can bet that his personal profits from the company are still booming.
He will sack everone except himself. Then he will grant himself a huge bonus for his cost savings.
And having destroyed his company by his own bad decisions -- he will demand government support to make profits from an unwanted industry.
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It's a fine line between canny business investment and sophisticated scam..
Nick Lethbridge / Consulting Dexitroboper
Agamedes Consulting / Problems? Solved.
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Happiness is wanting what you already have
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