John Alfred Paulson is an American hedge fund manager and billionaire who heads Paulson & Co, a New York-based firm he founded 20 years ago. He manages nearly $25 billion in assets for global clients. In 2007 Paulson made his name and a large part of his personal fortune (now estimated at $13.5 billion) betting big… Continue Reading
The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading
The general dissatisfaction that accompanies my burning desire to be successful means I often lose sight of the fact that some pretty amazing stuff happens around me. A few weeks ago my friend, entrepreneur Frank Giustra invited me to lunch with the Dalai Lama. As a well known business leader, Frank gets roped into a… Continue Reading
In what looks to be a classic example of “first mover advantage’, the billionaire Lundin family is acquiring one of the best gold projects in the world, in the worst market in decades. Lukas Lundin’s Fortress Minerals is acquiring the Fruta del Norte (FDN) gold project in Equador from Kinross Gold for $240 million in cash and stock. The… Continue Reading
As reported earlier (here), billionaire Swede Lukas Lundin has been in talks with Kinross and the Ecuadorian government for a potential deal on the infamous high-grade gold deposit known as Fruta del Norte. After 5,200 shares traded today, the Lundin Group shell, Fortress Minerals (FST.H:TSXV) was halted pending news. As we speculated earlier, this would… Continue Reading
NGEx Resources (NGQ:TSX) is the only pure-play mineral exploration vehicle in the Lundin Group of Companies, one of the most successful natural resource development groups in the world. NGEx is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces… Continue Reading
The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading
The long and sustained downturn in the mineral exploration sector has caused share prices to be decimated over the last three years as companies have been incapable of convincing investors to pony up. Even companies with the highest-quality management teams have had to reduce their spend drastically as they batten down the hatches and try to weather… Continue Reading
I was researching the history of Glencore (GLEN:LN) today and, specifically, its billion dollar deal making leader Ivan Glasenberg. Glencore is the one of the largest diversified mining companies in the world with a market capitalization of nearly CAD $80 billion and 2013 top-line revenue of US $240 billion. They produce and trade in over 90 different commodities… Continue Reading
Chuck Fipke is known as one of the pioneers of the Canadian diamond space after his Dia Met Minerals discovered the Ekati Diamond Mine in the Northwest Territories in 1991. The Ekati mine which is in the Northwest Terratories was the first surface and underground diamond mine in Canada and went into operation in 1998. … Continue Reading
>>Inteview With Rick Rule (MP3) During a time in which few investors are considering the possibility of a recovery in natural resources, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a… Continue Reading
The Sydney Morning Herald (subscribe here) has a great summary article about a recent speech the one and only billionaire entrepreneur Robert Friedland gave to an undoubtedly packed audience in Melbourne. We had the opportunity to watch Mr. Friedland in action at this year’s Sprott Symposium in Vancouver and he lives up to his persona… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra. Mr. Giustra started out as an assistant trader and then became a stockbroker at Merrill Lynch in… Continue Reading
In mid-2011 a small group of natural resource entrepreneurs made a killing when they sold their European shale explorer to San Leon Energy for $139 million. That company was Realm Energy and was debuted at $0.10 per share in 2009. Fast forward 2 years and they sold the company for the $1.30 per share in… Continue Reading
The ECB openly entered the quantitative easing game (QE) this morning with a plan to purchase a “broad portfolio of transparent asset backed securities”. The chart below clearly illustrates why the ECB has finally hit the panic button with regard to QE: Click to enlarge Source: FT “Should it become necessary to further address risks of too… Continue Reading
