Power Raid
We Exist To Win Premierships
Holy sh*t! So you're essentially loaded lol?
I’m pretty chuffed being a lad from Parafield Gardens SA.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
LIVE: GWS Giants v Brisbane Lions - 7:30PM Sat
Squiggle tips Lions at 65% chance -- What's your tip? -- Team line-ups »
Weekly Prize - Join Any Time - Tip Semi Finals
The Golden Ticket - MCG and Marvel Medallion Club tickets and Corporate Box tickets at the Gabba, MCG and Marvel.
AFLW 2024 - Round 3 - Chat, game threads, injury lists, team lineups and more.
Holy sh*t! So you're essentially loaded lol?
Holy sh*t! So you're essentially loaded lol?
I've been semi retired now for over a decade, retiring at 37.
I bought into a mining fund when Rothschild left Australia which we grew to the largest in Australia. Owned two controlling stakes in Atlas Iron ($0.22 and sold out when it had a market capitalisation bigger than Qantas), 20% of Riversdale at $0.20 and taken out by Rio at ~$16.......I was simply at the right place and right time when the mining boom came.
I then started up three property companies and numerous operating ventures.
My current fund is backed by an EU government development bank and I'm launching two more with US support and the other China. All three are development focused with a massive focus on employment, regional stability, security of supply, environment, health, taxation, anti-corruption etc.
I've just taken a controlling position in a nuclear power company, an enrichment technology that will transform the industry (clean up all the current waste) and buying up renewable power infrastructure. We've just bought a technology from the UK department of defence to unlock $1.7 trillion in rare earths, breaking China's strangle hold on the commodities. I've also got mines in the Philippines, Peru, Guinea, NT and WA.
Billionaire... in fiat?$1,000 Invested in Bitcoin in 2010 is Worth $287.5 Million Today (as of the time of this writing)
Is it too late for you to get a piece of the cryptocurrency pie?medium.datadriveninvestor.com
Lol and if held til today you be a billionaire
Interesting story, hard to verify of course but I don't think that matters. I'm curious for more details.
I have some knowledge of Atlas Iron, when did you sell out of Atlas Iron? When did you buy in?
The Oz fund records on hand
Plus the Options
The second fund was our Singapore vehicle IMC, that held ~20%, bought in at $0.45
Breaking China's stranglehold would take some doing, where are these resources located? Australia
Any of the mines you listed operating? What kind of stake do you have? In the private space we usually have 20-100% and dilute to 10-15% in the listed space. We were born from a bank, so the business model in ride the equity upside, secure the mezz, control the commodity hedge book , fx and fuel hedge and exit post full ramp up
With all of these interests aboard and the COVID restrictions, how are you finding monitoring your investments without being able to get boots on the ground? The secret is having good local management teams
Thoughts on Molybdenum, Gold, and cryptocurrencies? I don't like crypto as I feel govts will put their foot on their throats at some stage. Crypto is real but just like the internet in the 90s "it will never be regulated" turned out false. Loads will go to gaol be it for AML or tax.
Never liked boutiques like moly unless they are credits, as markets are manipulated by end users, glencore or china
Copper, gold and energy will be positive places to be over the next 2 decades (with the usual market swings)
Why people laugh at this comment?Don’t save fiat.
Put it somewhere.
Hold bitcoin for 10 years. Best investment in human history.
Why people laugh at this comment?
Do they think I’m joking
Keep being poor. Not trying to be harsh just fact.The issue I have with Bitcoin is it will be caught up in trade/ currency wars, taxation and crime
Bitcoin is by default governed by the US and China, as any transaction that used US and Chinese currency needs to comply with the US and Chinese laws. So if China or the US decide to lock up the founders, the top 100 bitcoin owners or system of Bitcoin, where is the market confidence in the platform?
Does anyone really think China and the US will allow Bitcoin to replace their currency? Of course not, they will let it run and then take control one way or another. Make money whilst you can but don't be left holding the baby.
Keep being poor. Not trying to be harsh just fact.
Do you understand what blockchain actually is and where the future is going?
You still have time to learn
Ethereum. .. not heavily invested or anything .. lolyour right
blockchain is the future
the question is which ones will succeed long term
Ethereum. .. not heavily invested or anything .. lol
Anyway don’t invest.one thing to look for in currency is "does it fulfill it's role as a storage of wealth"
if it doesn't, then it won't succeed long term
storage of wealth does not only refer to decreases but also increases. what I'm seeing with most crypto is it is an investment, which suggests it is not likely to last as a currency.
inserted
I can't quote your image but I appreciate the replies.
I understand hedging costs, are you hedging revenue as well? Interesting, did you hedge copper?
I agreed with Crypto, its got a future but it's unclear what that future is, right now it feels like gambling based on the unknowns and sheer number of players in the market, good luck to anyone who's in there though.
Copper appears to be all the rage right now and I worry about gold with the rise of crypto.
If you're concerned about China manipulating moly, couldn't the same be said for rare earth?
Yeah,.. that article is from December last year. Bitcoin has gone up sinceBillionaire... in fiat?
banks (including ourselves) force mining companies to hedge, as it protects the project funding. Essentially if the mining company fails to deliver, you sell the hedge book and get your money back. If the company plods, the you just take the cream of the hedge. If the commodity price goes nuts, you make a killing.
you're right re gold. I've never liked it and never will. Copper is a real interesting one. We need more copper now than ever but South America's copper is high and deep, Zambia's copper is in corrupt Zambia and the best stuff is in the triangle of Pakistan, Iran and Afghanistan (good luck).
in terms of boutiques, we use a private equity model where we use strategic funding (ie the US, EU or other) to leverage our return and strategic offtake guaranteeing our return. Without a pre-agreed off take with a reliable credit worthy partner, I'd stay away.
Fair enough, from a perspective of protecting your investment, I get it. I'd argue hedging isn't in the best interest of the company itself.
I like Copper but unlike Gold, I feel there is still some massive resources out there that are not being mined, particularly in safe jurisdictions like Canada.
Do you stream?
you're right re hedging.
hedging is for the benefit of the lender, not the mining company. Without a hedge, the commodity goes south and the mining company goes bust and the lender goes through an ugly two year period with the administrator in a highly regulated procedure. but if the company hedges, the mining company may still go under but the hedge book is sold by the lender and they walk away with their capital back.
in the case the commodity price goes north the mining company gets no benefit but the lender takes the cream. However if the mining costs go up in this boom, the mining company can go bust. So hedging flips the risk from south to north and the lender wins regardless.
but let's get real, you don't lend to a mining company on a 6% risk. you invest hoping for a 85% return on each investment, with wins and losses a 35% average is achievable year in year out. This reflects the risk.
Australia, US, Canada are all low risk but deposits are becoming harder to discover as they are deeper, harder to exploit as they often occur in national parks or other protected areas (faults leading to depression which = river or the opposite beautiful hillsides). They are lower grade and the cost of labour high. This has lead Rio into calling the lost decade, where they explored in low risk jurisdictions.
I'd say, watch conflict and the return of dictators in areas like Afghanistan, Africa and South America.
No we don't stream but we do inventory finance for the purposes of relationship management. We do however take royalties as part of our investment strategy.
Anyway don’t invest.
Lol China ban crypto again.. more like they crash the market and buy more.since our discussion china has sent shock waves in crypto
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: China bans crypto yet again
Bitcoin price has fallen 27% over the last ten days, making it the largest ten-day loss since the March 2020 collapse and the second-largest since Novwww.fxstreet.com
it does not mean the end of crypto. Just the opposite............crypto is the future.
my only question is which crypto? I feel china will destroy any crypto not controlled by them and same said with the US government.
FYI China and Russia murdered a Kazakh who wanted open pricing and trading on kazakh uranium. so will we see major powers give control over currency away?