Any company trying to do business in NSW should seek an indemnity to cover the possibility of a government official being a crook
John Robertson
PortfolioDirect
Any company trying to do business in NSW should seek an indemnity to cover the possibility of a government official being a crook. That is the message from the Nucoal saga. If there is no indemnity, go somewhere else. Despite acting in accordance with all of what the NSW government required, Nucoal's Hunter Valley developments have been placed on hold because of a finding of corruption against one minister (with whom Nucoal had no dealings). Nucoal has said today that it will take legal action against the government for failing to let it proceed. Even if the government wants to terminate the Nucoal licenses, they should be required to do that in a timely manner. Otherwise, the reputation of NSW as an investment destination is at risk of being trashed.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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