ALL these mining billionaires have many things in common but three major things in common. First one is they are risk takers. Second is they got lucky. Third and most critical is They are salesmen. They can spin a good story and use other peoples money to get rich. Fake it until you make it comes to mind but we will go with good salesmen instead. Value, negotiation, price, charisma, buy low sell high all other ways of saying good salesmen. If you want to go one step further the ones who have done similar to what these billionaires have done but not got lucky are being criticised as being destroyers of capital and the reason why most investors won't go near mining companies. Its a very narrow margin of difference
@ResourceTalks
3 ай бұрын
This is an excellent point, in my opinion. Results define everything in this space (and many other spaces for that matter). Some promoters get away with a lot just because their stock price goes up. And some good folks catch a lot of heat for the smallest things when the price is not going up.
@malekmalek9064
3 ай бұрын
Always a good listen, always a like 👍
@ResourceTalks
3 ай бұрын
Thank you for being here, Malek. Always appreciate the kind feedback & support.
@joelspicher590
3 ай бұрын
always giving you a like for your great videos ! Have you invested personally into Fireweed or Highlander ?
@ResourceTalks
3 ай бұрын
Thanks for stopping by, Joel. Please understand that I have no idea what I'm doing and I've never made any serious money in this space. So, whether I own or not own something should really not mean anything to you.
@ronaldodowd7838
3 ай бұрын
Highlander: for now, this ship has sailed. I won't buy for at least 6-9 months. The price froth needs to evaporate before I buy. Once it goes down 30% I'm likely in but no backing up of a truck.
@ResourceTalks
3 ай бұрын
Where is the 6-9 month period coming from?
@ronaldodowd7838
3 ай бұрын
Greenspan when he was Fed Chair talked about irrational exuberance and this is but a single representation in the resource sector. Another case in point: Snowline massively overvalued.
@ResourceTalks
3 ай бұрын
Why is Snowline overvalued?
@ronaldodowd7838
3 ай бұрын
Hi Antonio, It has become a momentum stock, trading above the value of its current resource base. People are paying for future discoveries, increased ounces in the probable category.
@ronaldodowd7838
3 ай бұрын
In short, the stock has gotten ahead of itself.
@ronaldodowd7838
3 ай бұрын
Hi Antonio, When the Lundins look under the hood there's usually a very good reason for it. I trust their judgment. Don't own Fireweed or Montage.
@ResourceTalks
3 ай бұрын
Very true. I don't want them as my competitors.
@SaSa-fs8sb
3 ай бұрын
Great video, thanks. I do like the other ones previously, when the video just ends suddenly without any outro . Skip the outro
@ResourceTalks
3 ай бұрын
Never skip the intros, always skip the outros. Love it. Thank you for the continued support, Sa!
@BigMike10960
3 ай бұрын
From the thumbnail I thought you had Eric Sprott on your show😂
@ResourceTalks
3 ай бұрын
One day sir!
@gregfridholm2136
3 ай бұрын
ditto
@bainbridge297
3 ай бұрын
I think you did a good job on the Warke story!
@ResourceTalks
3 ай бұрын
Thank you, B. I'm glad you're finding value in these. I love story time.
@pauldichtel6410
3 ай бұрын
Having dry powder and just being aware of who is having success out there helps. If a debt or credit event occurs a company like Snowline Gold could drop down by 90% or more.
@ResourceTalks
3 ай бұрын
How do you maintain the balance between preparing for a crash and being properly invested?
@pauldichtel6410
3 ай бұрын
@@ResourceTalks I am not very good at that. Locking in profits has been one of my weaknesses.
@imtryinghere1
3 ай бұрын
Warke is exceptional at understanding well made socks and underwear.
@ResourceTalks
3 ай бұрын
Hahahaha, wait, what?
@keithlockhart5951
3 ай бұрын
its called a PUMP and DUMP
@ResourceTalks
3 ай бұрын
What is?
@mutantryeff
3 ай бұрын
!!!
@ResourceTalks
3 ай бұрын
Always first, always appreciated, Ryeff!
@bobbiecrider6964
3 ай бұрын
14th to like, Number three to comment
@ResourceTalks
3 ай бұрын
Thank you for being here, Bobbie! Your continued support is greatly appreciated.
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