Australia Today 🇦🇺

Truth, analysis and opinions for justice. Bringing critical thought and criticism to Australia.

[Oliver In WA @OliverInWA]

CONFIDENTIAL: The Report That Could Have Fixed Housing. Buried.

The Albanese government was handed PBO Report PR-2024-933 — a confidential policy costing on negative gearing and capital gains tax, completed 6 March 2024, released 23 April 2024.

The findings were clear.

Limiting negative gearing to new builds and removing CGT discounts would:

1) Lower house prices.
2) Shift investors into other asset classes.
3) Free up existing homes for first-home buyers.
4) Save the budget $62.4 billion over a decade.

The Prime Minister had this information. He knew the benefits. He knew it would ease the housing crisis.

He chose to do nothing.

Because propping up the housing Ponzi scheme serves those at the top. This isn’t policy failure. It’s deliberate.

#auspol #housingcrisis #costofliving #ausvotes

https://t.co/KFL2xykXsA

[that stock chick @ausstockchick]

Liberal MP Peter Dutton wants to ban foreign buyers from purchasing #realestate in Australia for two years.

Australian Taxation Office figures show foreign buyers made a total of 5,360 purchases worth $4.9 billion in 2022–23.

#ausbiz #auspol

[Australia Today 🇦🇺 @Australia_Today]

Australia must act to strengthen its position as a critical minerals powerhouse against China and Africa!🇦🇺

For the West to win the battery arms race, we need to:
• Establish an Aussie Inflation Reduction Act 💰
• Strong Western alliances 🤝
• Invest in local mid-stream processing plants🏭
• Diversify export markets outside of China 🌏
• Build strategic reserves to control supply and pricing💎
• Boost green mining technology 🌱

#lithium #miningstocks $PLS $LTR $MIN

[Australia Today 🇦🇺 @Australia_Today]

I believe they have got the figures for $LTR quite incorrect. The chart assumes no change in LTR's LCE growth over the years 2024 to 2034.

After ramp-up, Liontown Resources (LTR) is expected to produce 700,000 tonnes per annum of spodumene concentrate from its Kathleen Valley Project. This production translates into approximately 84,000 tonnes of LCE per year.

[Australia Today 🇦🇺 @Australia_Today]

Further, since the Chinese/African lithium mines are producing losses greater than Australian lithium mines I expect supply cuts to come from them.

It is really important to note that CATL's mine suspension is only the tip of the iceberg. Many other Chinese mines will be feeling losses a lot worse but are yet to suspend production too... This hasn't gotten the attention it needs yet, probably because of institutional investors shorting lithium stocks don't want people to know... it'll hurt their short positions. More news may come out after they close their positions and change to a BUY rating.

[Australia Today 🇦🇺 @Australia_Today]

Expecting to see a strong upside for lithium stocks as the bottom now looks to be in. A short squeeze would seem to be imminent and we saw an uptick today in the Australian SC6 spot price for the first time in a long time.

The narrative of Chinese/African mines is also falling apart quite quickly as we can now see their production costs are higher, and the spot price for both Chinese and Zimbabwean spodumene concentrate is fetching a lower price than Australian.

Just can't compete with Aussie mining!

[Australia Today 🇦🇺 @Australia_Today]

@Miljew91 @Patience__8 @LiontownRes @TRAVmoneyofmine Convert from AUD to USD, and LTR is in profit.

[Australia Today 🇦🇺 @Australia_Today]

@minenergybiz I read in an article they won't develop the resource unless pricing for high grade spodumene increases to around $1500 per ton.

[Australia Today 🇦🇺 @Australia_Today]

@elonmusk 🔫

[Australia Today 🇦🇺 @Australia_Today]

@EvanCranston Nothing beats Western Australian mining. First class.

[Australia Today 🇦🇺 @Australia_Today]

@jczuleta $LTR had a larger gain today of +6.33%.

[Australia Today 🇦🇺 @Australia_Today]

Australia's favourite act from Raw Comedy 2024.

Please LIKE & REPOST if you laughed!

Find more of Nathan Chin on instagram. https://t.co/wlLInVraks
@micomfestival

[Australia Today 🇦🇺 @Australia_Today]

@Murgatroyd52 @peters_malcolm Those people are at the top of their profession and had to go through considerable education and very low entry level salaries, whereas construction workers with low skills start on 6 figures. Doesn’t make sense.

[Australia Today 🇦🇺 @Australia_Today]

@peters_malcolm Great one Mal, cheers.

[Australia Today 🇦🇺 @Australia_Today]

@Murgatroyd52 @peters_malcolm Construction workers are paid too much.

[Australia Today 🇦🇺 @Australia_Today]

@HazelAppleyard_ No room for transgenders in archeology!