Mining in the Wide Bay Burnett a key issue at economic forum
An emerging mining industry and the Bundaberg Port have been tipped as key economic opportunities facing the Wide Bay Burnett region at a meeting of business leaders and government figures in Maryborough.
The annual Wide Bay Burnett Regional Organisation of Councils forum (WBBROC) was attended by some of the region's state and federal representatives on Thursday.
But a Q and A panel featuring the mayors of Gympie, the Fraser Coast, Bundaberg and the North and South Burnett, outlined the major infrastructure projects currently underway.
According to the Department of Infrastructure and Planning, $728 million worth of infrastructure projects are currently being developed in the Wide Bay Burnett.
Wise decision - The self styled all knowing and prescient font of wisdom wot calls itself Jon Snow (who also reckoned polar bears eat penguins incidentally) decreed that I'm a hypocrite based on a combination of the facts:
* I'm not a supporter of death duties. Because I'm family orientated, and
* I've worked for award wages in the past.
And then proceeded to inform me "I fully support the idea of you leaving a large amount of wealth for your kids. It will make them complacent and lazy. In a few generations your descendants will be bottom of the pile dirt poor while the hard working Asians move up into the middle class and beyond" (plus a bit more banal crap) - In the hope he could get a bite out of me pretty obviously.
Nathan Tinkler says a fall in the coal price to below the break-even price of Chinese coal miners convinced him to make the investments that have, on paper at least, made him a millionaire once more. The former billionaire turned bankrupt, and entities linked to him, have made paper profits totalling about $35 million over the past 15 months by riding the sharp rally in coal prices.
The prescient investment was made before a court ruled in February that Mr Tinkler was officially bankrupt, after GE pursued him for debts worth $2.8 million.
Nathan Tinkler says a fall in the coal price to below the break-even price of Chinese coal miners convinced him to make the investments that have, on paper at least, made him a millionaire once more. The former billionaire turned bankrupt, and entities linked to him, have made paper profits totalling about $35 million over the past 15 months by riding the sharp rally in coal prices.
The prescient investment was made before a court ruled in February that Mr Tinkler was officially bankrupt, after GE pursued him for debts worth $2.8 million.
If Tinkler is in bankruptcy his Trustee will distribute those profits to unpaid creditors. That might be enough to repay debts and get him discharged early, but it could all get hoovered up in fees and payments to creditors. If he's smart he will have done this in the name of another family member and kept quiet about it.
He doesn't seem to have kept quiet.
Take risks - if you win you will become wealthy, if you lose you will become wise
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