Thread by @BambroughKevin

My gut say Aussie uranium investors are spooked of getting slapped by more capital raises. $bmn trading near deal price of 22c. Who’s next to raise? Call me.. I might be interested in playing

Last commodity cycle I was at sprott and we owned 10-20% of companies we liked. So they would always call us and restrict us and discuss capital raising. We would give our support. Offer lead order and took down prorata so never diluted. Nice position to be in.

This cycle I often own fuck all of these companies. Max a just over a percent for most. I rarely get a call and but get a bit nervous and feel the need to take profits after large runs. Knowing the rally killing capital raising are likely coming and ya walk up to halted stocks…

Nothing like getting whacked for 10-20% to help make it easy for over paid investment banksters to fund the company you’ve been supporting.

I look at the fees they get and it turns my stomach sometimes. When I ran the sprott resource corp fund I once help raise $100mln…

Did the intro and toured the project with the investor. Got them to put $100mm into the company sprott was invested in. Charged them only 1% fee and credited the fee to the sprott fund I was running. Fucking rare you’ll see that happen. All to avoid conflicts of interest

And be as fair to the company I invested in and also my fund holders

Anyhow. For new investor in resources. Just know that every fucking time we see new highs and a good run in any commodity the junior shitco’s especially ones with huge capex issues will line up to capital raise and it will stop the rally. Every time.. every sector

So, take profits on big runs. Be ready to buy back near deal price. Hopefully get some trading gains so you can enjoy a nice dinner and good bottle of wine like the management of your shitco surely will with their gout toed, Versace shoe wearing investment banking whore…

You can tell by my choice of language I don’t expect many calls from their kind. :)

Pardon all the typos. Distracted this morning and rushing

The most successful seem to be one’s that truly don’t give a fuck about anything, just completing the deal and cashing cheques. Kinda people that don’t mind selling crap to a grandma justifying it as she’s old should know better. Anything to not just earn but out earn all others