The Money Miners

The great Australian mining boom

Trevor Sykes

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English

Allen & Unwin
01 May 1995

History; Investment & securities; Mining industry

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.

By: Trevor Sykes
Imprint: Allen & Unwin
Country of Publication: Australia
Dimensions: Height: 215mm, Width: 138mm, Spine: 27mm
Weight: 528g
ISBN: 9781863738446
ISBN 10: 1863738444
Pages: 400
Publication Date: 01 May 1995
Recommended Age: From
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

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