Tag Archives: J Capital Research

How Big Iron’s mistake cost you billions

Michael Sainsbury As the iron ore price stopped plunging this week — it closed last night at US$47.60, up a measly 30 cents and only a couple of bucks off its 10-year low, and the simple rules of supply and demand dictate that it will slump again — a fresh roadblock has appeared in the way of Australian producers. The

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China

Michael Sainsbury A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits. Andrew Forrest and his company Fortescue Metals Group are staring into the abyss. The corporate undertakers have their tape measures out; they are beginning

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Fortescue Metals moves to rescue falling share price, but too late?

   Michael Sainsbury Crikey, crikey.com.au, March 13, 2015. Andrew “Twiggy” Forrest’s Fortescue Metals Group will need to move soon if it’s to avoid serious financial strife caused by the ongoing downturn in the global iron ore market. The world of Fortescue Metals Group can be a strange place. It is seeking to raise $2.3 billion

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There’s only one agreement that matters at APEC — and it’s not with China

  Michael Sainsbury Australia is spruiking its forthcoming free trade agreement with China, but with China’s economy slowing, the FTA won’t make much difference. Trade Minister Andrew Robb, who along with Prime Minister Tony Abbott is in Beijing for the Asia-Pacific Economic Co-operation summit, was everywhere yesterday talking up the prospect of a free trade

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China’s housing bubble is bursting – and Australia should be very worried

Michael Sainsbury Crikey, crikey.com.au, 2 September, 2014 Things are grim in Kunming, capital of China’s vast southern province of Yunnan. Not so very long ago, Kunming was a pleasant provincial university city with relatively fresh mountain air. But over the past decade it has suffered the same fate as hundreds of Chinese cities: it’s been

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