Australian magnate Tinkler says ‘left holding the can’

Nathan Tinkler became Australia’s youngest billionaire in record time thanks to a series of aggressive bets on the country’s coal mining sector.

But the man who started his career as a pit electrician acknowledged on Thursday he may have attempted one risky deal too many, leaving him with an undiversified portfolio that was heavily exposed to plummeting coal prices.

via Business feed http://www.scmp.com/business/companies/article/1191331/australian-magnate-tinkler-says-left-holding-can