Selling NexGen, Current Holdings and Learning from Mining Scams with Fund Manager Warren Irwin
Seasoned resource fund manager Warren Irwin returns to MSE to talk mining scams: “There really is no penalties for scamming people in Canada in the mining sector. I cannot think of a single person that has done any jailtime. They may get fines or slap on the wrist or not being allowed to be a director or whatever. If you are into organized crime, get into the mining business because there is no penalties and there is lots of money to be made.” Warren also discusses his current mining stock holdings and explains why he sold NexGen Energy: “I know way more than I could every say.” 0:00 Intro 0:43 Reflecting on the Bre-X scam 9:21 Realizing Bre-X was a scam 12:38 Tenacious due diligence 18:25 “When are you going to twin the holes?” 20:31 Michael de Guzman alive?! 26:50 People complicit with the fraud 33:34 “There is no penalties for scamming people in Canada” 37:03 Warren’s Solaris Resources’ commentary 40:00 Selling NexGen: “I know way more than I could ever say” 42:45 Addressing Uranium super-bulls 47:24 Are you shorting NexGen? 48:48 Current mining stock holdings Warren’s fund: https://www.rosseau.com/ Warren’s Twitter: https://twitter.com/bigdude6669 To learn about Warren’s first-hand experience with the Bre-X mining scam of the 90’s listen to our in-depth interview from PDAC 2018: http://www.miningstockeducation.com/2018/04/warren-irwin-discerning-mining-stock-scams-from-bre-x-until-today-top-hedge-fund-manager-shares-insights-pdac-2018/ Warren’s Bre-X article: https://ceo.ca/@warrenirwin/2016s-top-hedge-fund-manager-relives-historys-greatest-gold-scam BBC Bre-X podcast: https://www.cbc.ca/listen/cbc-podcasts/1428-the-six-billion-dollar-gold-scam/episode/16069066-episode-1-the-dollar6-billion-gold-scam Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/