I had a sitdown with Brandon Macdonald, CEO & Founder Fireweed Zinc, on June 17.
In our conversation, Brandon gave me a comprehensive and – what I thought was – a very level-headed overview of the financial trickeries and deceptions that junior mining executives use to enrich themselves.
Brandon also share his opinion on PDAC and whether the conference is worth visiting by small retail investors like myself. Shortly; it depends on the size of your portfolio. “Don’t spend 3% of your portfolio to go there”, Macdonald told me.
Antonio Atanasov is not an investment advisor. Antonio Atanasov owns shares of companies mentioned in this publication. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.
00:00 Important warning
01:00 Who is Brandon Macdonald?
09:20 How was PDAC 2022?
12:15 Is PDAC a good investment for companies?
16:00 Is PDAC a good investment for ratail goers?
20:50 Does intel beat duediligence?
25:50 Where/how to get proper information?
33:50 How do juniors use bonusses to enrich themselves?
37:50 Seed shares and what to watch out for
51:20 How much is too much in salary?
57:00 Shady expenses and what to look for
01:00:00 How much money should juniors spend on marketing?
01:08:30 Red flags or yellow flags?
01:11:00 Important side note on the industry
01:17:00 Closing remarks
Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake in my reporting? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.