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James Thompson

👤 Speaker
939 total appearances

Appearances Over Time

Podcast Appearances

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

There's also a widget on the bottom of every Chanticleer article.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

So you can send in a question that way.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

This week, we've got a voice question from Will in Adelaide.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Good on you, Will.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

That's a great question and a great sort of reframing of the budget debate this week, because he's right.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

There's a lot of complaints, Anthony, and finding the winners is hard.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Just an aside, Anthony, this was even a hot topic at the mining summit.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

If you imagine there's a lot of junior miners who are at the very start of their

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

They often have raised capital but don't have any revenue, don't have any profit.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Their view is that they'll attract less capital from investors because the capital is going to go towards high dividend yield stocks.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

So maybe that helps explain where some of the winners are, right?

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Yeah, yeah.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Anthony, I keep coming back to this idea.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

I think a couple of things can be true here.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

Yes, these CGT changes are not an incentive for people to invest in growth, and growth is what we need in this country.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

They are not an incentive to invest in growth.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

At the same time, it's also true that if you found the world's greatest deposit of copper in your backyard, or if you came up with the idea for the next Apple company,

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

The CGT changes aren't going to stop you pursuing that idea.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

It's just not how business works.

Chanticleer
Mining’s next boom, the wine sectors big hangover & rich list winners

You'll make enough profit from that to make yourself very pleased and have lots of success and employ lots of people.