Alan Kohler
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Appearances Over Time
Podcast Appearances
I guess putting half the excise back on petrol, it does a bit of the Reserve Bank's work for it in terms of slowing the economy.
It's a bit like the rate hike, isn't it?
Well, I started in 1970, which happened to be when Poseidon was at its peak.
Um, and I think from memory it was $235.
A share?
Per share.
Wow.
And it was, and it had gone from like 18 cents or something, uh, not long before, like a year before.
Um, so it was the nickel boom, 1969, uh, Western mining, uh,
Um, and, uh, uh, nickel was obviously the, the metal that's used in stainless steel.
So it was kind of, so it was a new thing and it was really exciting and everyone's excited about nickel.
And Poseidon announced that it had found a lot of nickel at Windara in Western Australia.
So its shares took off.
And it was kind of, I suppose you'd call it now a meme stock or something.
It was crazy, you know.
So I started at the Australian as a copy boy.
I made the coffee.
I did the filing.
I wasn't a journalist.
I was a copy boy.