Archives for August, 2017
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…