On April 7, 2015 Atlas Iron requested ASX for a voluntary suspension in the trading of its securities. This was a result of the negative impact on profitability of the declining iron ore price. It had previously suspended all mining operations. The company remains suspended to this day. But three…
The past couple of months have seen daily headlines about sharply rising Australian house prices. Is it good, is it bad, is it a bubble, or is it a shortage? Various talking heads at the Reserve Bank think it is a bubble that will end in tears. Their dilemma is…
On Thursday I attended an investor briefing on India Fund Limited, hosted by Monsoon Communications. The event was well attended and lunch was, fittingly, curry with rice. Managing Director, Mr John Peireira, was born in India and has lived for many years in Australia. He has a very strong board, with…
Feedback from Part One has been interesting. I think that people most often consider that any distribution will be normal (or Gaussian). This is not true, but may partly explain why rare events, such as financial crises, are so unexpected. They are often referred to as outliers, which implies outliers…
On Wednesday I attended an investor briefing hosted by Read Corporate. The room was full, the lunch was excellent, and all three presenting companies (ASX: EMX, KDR, PLS) are at an interesting stage of development. All companies have merit, but I was particularly interested in Pilbara Minerals. Read a brief…
Modern, industrial economies are built on a foundation of plentiful, high quality, low-cost, energy and minerals. No amount of technology will change this dependence. For example, about a third of US electricity is generated by coal. Thus many electric cars are actually “coal fired” cars. The manufacture of solar cells…