Alloy Steel Inc. (fka AYSI)

[gilead23]

No the tax is not dead

It will exist in some form thats not the issue. The question is does it appear in a form that is acceptable to miners. They have been on record saying they are willing to pay more taxes but when you have Morgan Stanley saying the Olympic Dam expansion has 0 economic value it tells you something about how bad the scheme was.

What likely happens IMO is they ease up on applying it retroactively to existing mines drop the 40% loss coverage and increase the rate at which it hits. 6% was flat out ridiculous. Its a better structure for taxation so if they do it in a way that makes economic sense its a positive.

The fact the miners are easing up on their ads is encouraging. They wouldn't be doing so if they didn't think this was working out as they want. They just brought down the PM and have the labor government on the run and at risk of losing the elections. They wouldn't stop if the proposed policy wasn't to their liking as a liberal victory means no RSPT at all.