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Iron ore - supply and demand rides again
Topic Started: 30 May 2014, 03:23 PM (44,308 Views)
vdmruss
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I came across this image.

Posted Image

To be honest it scared me a bit :huh: . I thought Australia was more diversified when it came to exports.

Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours.
Those who can, do. Those who can't, teach.
"It's an itchy blanket, it's designed to remind you how lucky you are"
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Foxy
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Zero is coming...

vdmruss
30 May 2014, 11:18 PM
I came across this image.

Posted Image

To be honest it scared me a bit :huh: . I thought Australia was more diversified when it came to exports.

Yes,
Iron ore and iron ore.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Foxy
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Zero is coming...

Mustapha Mond
31 May 2014, 02:25 AM
Yes,
Iron ore and iron ore.
Peter
80% of coal mines are loss making mines.
so 20% of 18% 3.8% of our coal market is still worth having.
If 20% of iron ore mines are profitable when what does that give us??
4.8% of or iron exports are worth having??
Better fire up the lemonade stand.
Oh wait a minute, that has been done you say??
Small bars on every corner \?

Well better increase the number of whorehouses.
Press all the young princesses into the real money market.

All hands on deck lets go balls deep on the "gash for cash program"

Peter

Can some one that is good with numbers let me know how many fucks at say $150.00 is needed to replace the iron ore and coal industries??

The new hospitals could be turned into huge whorehouses.
Now now naughty nurse.
Just be still Mr. Smith this is good for you and the country.

:bh:
Edited by Foxy, 31 May 2014, 02:20 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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SuperEgo
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the coal mines are not losing money that is nonsense,
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Foxy
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Zero is coming...

SuperEgo
31 May 2014, 03:05 PM
the coal mines are not losing money that is nonsense,
oh dear.

http://www.wsws.org/en/articles/2014/05/05/coal-m05.html

http://www.miningaustralia.com.au/news/claims-there-is-no-market-for-galilee-basin-coal-s

http://www.abc.net.au/news/2014-05-16/coal-outlook/5462226

The writting is always on the wall, just some people can not read.

Peter

Good luck.
Go buy a business in a coal town, i hear there are a few for sale.

:D
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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SuperEgo
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Just becoming less profitable no doubt because they haven't modernized

and require a ridiculous amount of labour like many other industries in Australia atm

Mcdonald's is even moving to consumer touch screens soon, I haven't used a checkout

person for my food shopping in Years now.

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Count du Monet
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vdmruss
30 May 2014, 11:18 PM
I came across this image.



To be honest it scared me a bit :huh: . I thought Australia was more diversified when it came to exports.

Yes gold and gold. Gold is good one since we can always on women wanting more baubles, and at 6% of the exports quite significant! :D

Only beaten by Iron ore and coal.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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SittingOnDeFence
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SuperEgo
31 May 2014, 03:57 PM
Just becoming less profitable no doubt because they haven't modernized

and require a ridiculous amount of labour like many other industries in Australia atm

Mcdonald's is even moving to consumer touch screens soon, I haven't used a checkout

person for my food shopping in Years now.

What about Maccas drive thru

Won't be long until the person taking your order will be in a call centre somewhere else in the globe

http://www.nytimes.com/2006/04/11/technology/11fast.html?pagewanted=all&_r=0
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newjez
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SittingOnDeFence
31 May 2014, 11:48 PM
What about Maccas drive thru

Won't be long until the person taking your order will be in a call centre somewhere else in the globe

http://www.nytimes.com/2006/04/11/technology/11fast.html?pagewanted=all&_r=0
Why do they need a person taking the order? Surely there's an app that could do that?

Maccas does need to update their online game a bit. I don't need to speak to a person to order pizza.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

What is the price of iron ore today??
Peter
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