Perth Red
Post Whore
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- 69,520
Haha, I remember so-called experts telling us when gfc hit the same thing, guess what happened?All of the growth in iron ore was the urbanisation of China, that has been completed and with thier population now in decline the current output won't be sustained.
Like all things it's supply and demand that sets the price. Currently supply outstripping demand pushing prices to the downside, this will continue until ore miners at the margin are selling at a loss and stop producing ( Forrest came close once already)
All that aside, it's the expansion of mines that drives a boom/ jobs and migration. I doubt we'll witness an increase in production for at least a couple of decades.
The mining boom is done.
I couldn't really care less about Twiggy but when is business starts haemorrhaging money and he's losing millions every week, cutting expenses is only natural.
Nathan Tinkler and the Nights know only too well.
You don't really seem to learn from your bad calls, you just got burned from your insistence that having the WA government in your corner was a home run
Now it's the exuberant price of one of the mist common elements on earth...
Have at it, you'll see how mining booms end in this country.
And well done in remaining a condescending twat after soooo many bad calls.
China is noted for trying to build its way out of economic down turns. I wouldn’t be cashing in your iron mining shares just yet lol
having McGowan in our corner should have been a home run, as per usual rugba league managed to look a gift horse in the mouth and f**k it up.
your comparing Tinkler and Twiggy? Bless. Twiggy earns more in a year than the nrl brings in revenue lol. Running the force is chump change to him.
Andrew Forrest earns $2.3m every day
It’s wealth generation to make the eyes water. Since Fortescue started paying dividends in 2011, its founder has collected, on average, $2.35 million per day in dividends.
www.afr.com