The Money Miners

The great Australian mining boom

Trevor Sykes
AUD $39.99
9781863738446.jpg
Availability: Print on demand

In The Money Miners, Trevor Sykes writes of how and why mining shares rose and fell so dramatically at the end of 1969, and traces the scandals and collapse of many companies in the wildest stock market boom Australia has ever seen. Ultimately, this is a story of greed, a story of those who were more interested in mining money rather than minerals.

Until September 1969, Poseidon was a name known only to a handful of investors. Then, in the space of four months, the stock rocketed from 80 cents to $280 a share, and pushed the speculative share market sky-high. All of a sudden, thousands of ordinary Australians who had never seen a mine or even a stock exchange were gambling in the wildest stock market boom the nation has ever seen.

Millions of dollars were won and lost in a matter of hours. Sadly, just about everyone lost in the end.

So what happened? And why?

In The Money Miners, Trevor Sykes writes of how and why mining shares rose and fell so dramatically, and traces the scandals and collapse of many companies - Poseidon, Tasminex, Queensland Mines, Minsec, Patrick Partners and others. Ultimately, this is a story of greed, a story of those who were more interested in mining money rather than minerals.

Author bio:

Trevor Sykes is one of Australia's leading finance writers, and has reported on nearly every major company and financial institution in the country. He is a former Editor of the Bulletin, Editor-in-Chief of Australian Business and Assistant Editor of the Australian Financial Review. He has written four other books, the latest being The Bold Riders on Australia's corporate collapses of the 1980s.

Category: Business & Management
ISBN: 9781863738446
Table Of Contents: Preface to the 1995 edition
Introduction


1 Origins
2 The Devil's Metal
3 Showing Endurance
4 The Oil Floats
5 Indigestion and Interest Rates
6 The Lull
7 The Poseidon Adventure
8 October: The Fever Starts
9 November: Arithmetic Month
10 A Wow of a Christmas
11 January 1970: Running Wild
12 Tasminex: The Last Straw
13 The View from the Molonglo
14 Decline
15 Nabarlek: The Orebody That Shrank
16 The Fall of the House of Minsec
17 Panic in the Boardrooms
18 The Destruction of the Patricks
19 After the Ball
20 Where Were the Watchdogs?

Glossary
Index
Publisher: Allen & Unwin
Imprint: Allen & Unwin
Pub Date: May 1995
Page Extent: 400
Format: Paperback
Age: 0 - 0
Subject: Business & management