Episode 21: Bill Sheriff - Golden Predator

show Jan 22, 2018

Bill discusses the company Golden Predator where he is chairman and his wife is C.E.O. They both work in different parts of the company. He focuses on geology while she handles the corporate affairs. He discusses their Three Aces Project located in the Yukon.

At the project, they have added a lot of infrastructure over the past couple of years including 20km of roads, a bridge, and a new camp. This is to reach areas and confirm the previous owner’s findings. The property has 13 square kilometers of anomalies, and they have drilled 300 holes as part of the exploration.

Mr. Sheriff has two geology degrees and handles the technical details. His wife also works with the First Nation communities in the region. They are a big part of the population where they work, and it’s important to create lasting value. For that reason, they have a very proactive position with these groups to help create business opportunities. He says, “Many of the permitting issues companies...

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Episode 20: Elizabeth Braman - Real Estate CrowdFunding

show Jan 19, 2018

Elizabeth is Senior Managing Director for the real estate crowdfunding company RealityMogul. They match active real estate investors with passive investors who are looking for opportunities. RealityMogul has grown having raised significant venture capital, and they now have 85 employees. Everything they do is done online through their website because it’s easier and cheaper. Plus investors get to monitor their investments and get access to new opportunities. They only work with real estate deals and are not involved in any other market. Their primary investment areas are office, retail, industrial and multi-family real estate.

She discusses two types of accredited investments they offer. These are Private Placements and 1031 Exchange offerings for those investors that want access to deal flows. 1031 Exchange Offerings take advantage of the IRS tax code which permits real estate investors to avoid tax hits at the time of sale. Essentially you can postpone your tax liability.

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Interest Rate Projections for 2018

bonds interest rates money Jan 19, 2018


Last week I wrote a blog about the last decade.  If you missed that, feel free to read it via this link.

So you ask, Gena why are you talking about interest rates again?  Well, because for the past 12 months or more, I have received at least a dozen or more opportunities which have neglected to project higher interest rates in their business plans. 

When I see this it makes me cringe and probably the reason my doctor has cautioned me to be careful about my blood pressure.  Its as if people have forgotten that one of the most important parts of investing is the cost of money which is derived from interest rates.

Please make sure that when you send opportunities for me to invest, please project higher interest rates upon exit.   Don't use the words "value added" just because you are painting the building and installing new windows and doors.  My definition of Value Add is that I will get all my money back and keep the asset via a...

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Episode 19: Bill Trimble - A Seasoned Investor

show Jan 15, 2018

Bill discusses his trading history. He started in the early 1980’s as a stockbroker and then moved into venture capital. Since 1989 he has been focused on the resource sector and other asset classes that are publicly traded. When a trade goes against what you anticipated you should be prepared to sell and cut your losses. He says, “There are great opportunities all over the world.”

He discusses what happened in October 1987 when he learned the hard way about leverage. In a matter of 48 hours, he lost everything that he had made, and many of his clients took losses. To this day he doesn’t use leverage due to the risks involved.

Asset classes are being distorted by large crowds of people with very little knowledge. There remain massive amounts of excitement. Some of this excitement surrounds the cannabis and cryptocurrency markets. He sees similarities between cryptocurrencies and the dot.com bubble. Greed is running rampant, but it could still be in the...

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Episode 18: Laura Stein - The God Mother of Mining

show Jan 12, 2018

Laura Stein is the most amazing woman. I gave her the nickname of “The God Mother” of mining. I have a philosophy that if you want to know about an industry, go find the one who is the most informed and connected. Well, that is Laura Stein. I am honored that she allowed me to spend a few moments interviewing her while in San Francisco. Laura rarely does interviews, so this was a very special treat and once you hear Laura’s story about how she got involved with mining it will make your hair stand up on your arms. Here is just a brief synopsis of what I was fortunate to gather from our conversation.

Laura’s father was originally from Russia near Romania. Before WW2, his family had over a hundred relatives, and after the war, only four remained. Those four managed to escape to Switzerland and then onto Israel. They were able to do so by using gold to bribe the military. As a child, she viewed gold as a safety net and has always had an interest in it.

It’s...

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The Last Decade

banks bonds economy Jan 10, 2018

2007-2017

Back in 2007, I was closing New Century Mortgage with the Receivers appointed by the Bankruptcy court.  At the time, New Century was the largest Subprime Lender in the country.  When closing a company during bankruptcy all of the problems are visible and magnified.  What made this one unique was that New Century's problems would soon be felt by the entire world. 

Realizing this situation, I proceeded to call a colleague, Gwen, who was the head of Single Family Credit Risk at Fannie Mae to inquire if they were going to take any precautionary measures to contain the potential crisis.  Unfortunately, she didn't know what I was talking about.  Shortly thereafter, I witnessed Ben Bernake, The Chairman of the Federal Reserve on Television stating that the subprime crisis was contained.  At that moment, it became apparent that financial illiteracy was much, much worse than anything I could ever have...

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Episode 17: Marcel de Groot - Maximizing Value and Raising Capital

Uncategorized Jan 08, 2018

Marcel de Groot is Cofounder and President of Pathway. Pathway is a leading private equity fund-of-funds manager for institutional investors worldwide. Pathway’s team of over 100 employees across four offices manages over $25 billion. With an average of more than 20 years of private equity experience among its investment principals, Pathway is one of the most experienced and stable firms in the industry. It should be obvious why I had to spend a little time with Marcel to understand how deals were financed.

Marcel discusses the deal they did with three separate companies. Two years ago they took several small mining companies and the put them together. In October 2016, they formed a company called JDL Gold. This brought them some scale and created additional value.

In March they merged JDL to form Trek Mining. This has given them a near-term production asset with great exploration upside and a well-capitalized company. They then pushed forward and they discussed potential...

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Episode 16: Matt Geiger - Private Equity Mining Fund

show Jan 05, 2018

Matt discusses his company, MJG Capital which has a focus on the natural resource industry exclusively. MJG is a private equity firm which allows investors to participate in a fund approach vs. direct investing which offers an alternative for investors to gain exposure to the sector in the exact same way, accredited investors are able to participate in other asset classes such as real estate, oil and gas, etc.

Matt’s viewpoint is that investors in Natural Resources should think long term. His fund will allow redemptions after 10 years which is the lockout period, due to the market cycle this is ideal as the bull market for this sector is in the early stages vs. other sectors which are at the end of their cycle.

Matt feels that the broad hard asset space has bottomed and we are beginning a new bull market. 2017 has been a slower year and a consolidation period. He says their portfolio has done quite well over the last year.

The junior space is where they maintain their focus....

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Episode 15: Jillian Sidoti – Managing Risk and Crowdfunding

show Dec 29, 2017

Jillian works for Crowdfunding Lawyers where she helps advise real estate entrepreneurs. They work with investors to acquire more extensive properties, set up the financing, and structure private placements. She started out in the music industry and then became interested in real estate investing and later in 2008 she began practicing law.

Crowdfunding is just another term for private money investors. It’s a term for getting a group of people to invest and is similar to partnerships or joint ventures. It can be equity financing and/or debt financing. It just means that multiple people are investing with you. Jillian works on structuring the deal terms for the syndicators/operators and their investors in what is called a private placement memorandum.

Anyone investing in this space should be looking for full disclosure. It’s important to make sure you know what you are getting into when making these deals.You can be assured that people with shady deals will likely cut...

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Episode 14: Robert Carrington – Junior Miner Exploring Columbia and Nevada

show Dec 25, 2017

Robert started prospecting with his father when he was nine years old. Newrange is a junior exploration company listed on the TSX.V and are based out of Canada. They began the company with a focus on South America where they have two properties under development near El Dovio and Yarumalito, Columbia.

They recently purchased a property in Pamlico, Nevada which has had minimal modern exploration. The property has been in private ownership since 1898 and therefore has missed most of the recent exploration cycles. They acquired the property in July of 2016 and are conducting an extensive drilling program. The region is part of the historical Comstock load where large quantities of silver and gold were discovered. He points out that Nevada is the third largest gold producer in the world.

Mr. Carrington feels there are some very promising anomalies to be further explored on the property and that 2018 should be a strong year for them. The drilling so far has seen grades of up to 10g/ton....

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