The Incompetency, Old Ways, and Flawed Culture in the Mining Sector

 It's Time for Shareholders to Set Firm Boundaries with Mining "Execs"

Yes, this is a "hit piece" video below that outlines a handful of WORST practices in the metals/mining sector. Some of these practices have become "socially acceptable" after decades of desensitization that no astute investor in any other sector (or right minds) would allow to happen. 

I'm very much hoping that not only investors subscribed here but as many as possible CEO's and directors of publicly traded mining companies take time to watch/listen to this. Then, use it as a mirror to look inside and choose to improve yourself and how you run your company. I am not an activist investor, nor want to become one, so I tend to overlook MANY faults/missteps by teams running companies that I own portions of. Some will get offended by my critiques but the minority that can honestly talk to themselves and agree with 1-2-3 of the things outlined being the truth, whether industry wide and/or something you personally are/have been guilty of, yet you have the humility to improve as an operator, then I'm all ears and am willing to listen and share feedback (for free) to the first 10 mining CEO's/5 board members that respond. 

Those of you on your high horse saying that nothing will change in this industry and nobody will stop you from taking 3-4-5 salaries/consulting fees from various companies, of which you think you "control" 2 of them, you are in for a rude awakening in 2024-2025. Especially after a brutal 3 year bear cycle fresh in memory, many of us investors are sick of half assed management, with no/little skin in the game, diluting the pi$$ out of our share structures, and yet putting ZERO points on the board to see any sort of ultimate victory on the horizon. 

To me, this is a wonderful time for those of us very involved and exposed in numerous mining investments to pause, take inventory, and decide anew where our boundaries lay going forward. It's time for the WINNERS to stand up here and stop making excuses and/or waiting for a new bull market to bail you out of your pathetic performance as a fiduciary.

Certainly, I am NOT talking about everyone in this sector because there is some great talent sprinkled around this industry. However, I'd say that around HALF of all "CEO"s and board members in junior miners with a sub $250 million USD market cap should be fired or demoted to 3rd string rig operators lol. 

Please do listen/watch and if these are some of the concerns that you have as investors in the mining sector, I would appreciate you passing this along to colleagues, friends, AND CEO's of ANY juniors that you have a meaningful stake in. They do not need to be culprits to receive the video. In fact, the best out there will share some of my disdain for at least a few of the issues pointed out and would be pleased if things changed for the better and they can remove the stink surrounding them at conferences/meetings etc. 

I have stealthily accumulated between 2%-8% stakes personally in over 2 dozen junior mining companies with sub $15M market capitalizations over the past 2 years. They have good assets and clueless management. What I see happening over the next 6-24 months as a new gold bull market lifts all boats (even more so and faster if we stay in a rough market), is consolidation in the micro cap part of the mining sector (which is LONG overdue). If management/boards start to shift their practices from worst towards best practices, I'll gladly support the companies as independent entities going forward. 

However, a number of "Vancouver lifestyle CEO's who don't want to get rid of their gravy train so easily will be in for very real possible surprises. Like a knock on the door that myself and a handful or two of the other largest shareholders are buying out the company with a much better management team and everyone from the acquired Co. will be torched. Or, we'll just take over and vote out all of the incompetent perpetrators of perpetual shareholder destruction, then sell it to a better run company or put our own people in to finally monetize your asset(s). 

Marketing

Here is one last thing that is a personal pet peeve like no other that I did not mention in the video but needs to be said, then I'll stop and link the video below. Any/All CEO's running small juniors that have been in this business 20-30-50 years but don't want to pick up the phone and talk to shareholders, find new ones, and DO YOUR FREAKING JOB on this matter need to BOW OUT. We'll all eventually become old/crusty but unfortunately we have a concentrated amount of these folks running mining companies that look down on talking to anyone they perceive as a small/modest sized shareholder. You're lucky that ANYONE is calling to learn more about your shit box company my friend in this environment when you have a .03 stock and $37 in the bank. CHANGE YOUR ATTITUDE or retire to a beach where you can wear diapers in peace and get some vitamin D...I will be doing a shorter video on this marketing problem in the sector (both OVER promoting and under promoting stories). Here's the new video....

Obviously, my commentary above doesn't have to be forwarded as well if you want to share this video only. I'm actually a little less direct and touch on the core important factors in the video itself. But I do ask humbly that those of you who watch/listen, have thoughts on these matters (agree or disagree), and think these are meaningful topics to address then PLEASE like the video, comment, subscribe to the channel, and/or share it with anyone that you think may find it of interest. Thanks!!!