A gold rush is underway in the Pilbara region of Western Australia. Prospectors and companies have been finding gold nuggets within conglomerates at the base of the Fortescue Basin. The basin is 2629M to 2775M years old and the basal part, at least, is thought by some to be analogous…
This is a very brief overview of the industry, to be followed with more detail in later posts. There are at least 14 ASX listed mineral sands companies, of which 5 are in production. In addition, there are about 12 companies that are either private or public but unlisted, several…
The US shale oil industry is comparable to Silicon Valley start-ups. That is, profit is irrelevant, it is all about growth. Thus, provided shale oil production continues to grow, it is thought Wall Street will continue to provide debt funding. The industry has lost money, regardless of whether the oil…
It is human nature to attach meaning to randomness. So, it is often believed that someone who has had several years of investment success, for example, is more skillful than others with less success. However, it is quite likely that it is instead a lucky streak. There is an excellent…
I wrote last month on the insanity of South Australian politics. Clean, efficient coal-fired power stations were shut down to be replaced by subsidised wind mills. It didn’t work, so the state imported electricity from the neighboring state of Victoria, electricity generated by burning coal. They then engaged Elon Musk…
Corporate The company has 539M shares on issue, and at the last traded price of $0.077, a market cap of $42M. It has traded between $0.115 and $0.054 over the past 12 months. At 31 March 2017, the company had cash of $2.8M and no debt. It spent $1.57M in…