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because stock prices are driven by people who read news papers and believe miners' cries. also why would the stocks boom from introduction of new tax? it eats into profits either way, question is how much. cause it's their job to ensure maximum profitability of their company. if it requires...

the bigger picture is that no one seems to fully know what the tax will look like, and everyone keeps peddling their side of the story. there a lot of things miners don't mention that they are getting along with the new tax, which doesn't fit into their picture of the world collapsing if the...

you are falling for miner's hysteria... bla bla bla ... and so on what miners fail to mention is that this is tax on super profits. a lot of mining companies aren't super profitable, so they won't even be affected by tax. now for those who reap huge profits due to resource boom - they need...

who said otherwise? representatives of mining companies? :eek:

funny, huh?

i'm sure it's a high risk, but somehow mining companies make billions in after tax profits year after year despite the crisis etc. also i'm sure that taxation regime change is one of those risks which was incorporated in previous profits ;)

the truckie provides a service he certainly doesn't add value to the wheat, he just increases it's final cost if one takes a tonne of wheat and lets it travel around the globe few times it doesn't mean that it suddenly has a higher value, it means that he is stupid and will sell it at a loss...

that's quite different. with agriculture - you produce something out of virtually nothing with mining - you just dig out what has been there for millions of years. and speaking of agriculture, i don't think farmers enjoy the bulk of the profits made on their products. so why should the...

it's true that mining is at the base of things. but you didn't create any value by digging a tonne of ore out of the ground. it has the same value as while it's in-ground. it's when you refined it - that's when you added the value to it.

well you are entitled to have an opinion too

i'm not talking about stocks here, talking about actual business sure mining has years of high demand and years of low demand. but once the mine is established - it will produce income for years and decades. same with oil and gas. so while there is some risk, it's nowhere near the profit...

the problem is that with mining there is hardly any risk (especially if you buy an established mine), and the profits are huge. and the profits are achieved by digging something that belongs to all Australians out of the ground and selling it. so the way to tax it is to have a normally taxed...