Strategic resource investor Michael Gentile shares sage mining stock investing advice in this 40-minute discussion. From 2003 to 2018 Mr. Gentile worked as a professional money manager at Formula Growth Limited, an independent investment management firm established in Montreal in 1960 with a long-term track record of creating investor wealth. While at Formula Growth his main sector focus was the mining and natural resource sectors. In 2012, Mr. Gentile became the co-manager of the Formula Growth Alpha Fund, a market neutral hedge fund focused on small to mid-cap equities. From 2011 to 2018 the Formula Growth Alpha Fund became one of the largest market neutral funds in Canada, growing its assets under management to over $650 million by the end of 2018. In October 2018, Mr. Gentile retired from full time money management in order to be able to spend more time with his family. Subsequently, he remains a very active investor in the mining space owning significant stakes in several small-cap mining companies and is currently a strategic advisor to Radisson Mining Resources (TSX.V: RDS) and a board member of Roscan Gold Corporation (TSX.V: ROS) and Northern Superior Resources (TSX.V: SUP).
0:00 Introduction
0:55 How Michael’s institutional investing experience informs his current approach
3:33 Contrarian investing
5:26 How many companies in your portfolio? What is your expected success rate?
7:24 What to look for in an explorer
8:47 Questions to ask exploration company management
14:29 Gold producers
16:26 Single asset producer bringing on second mine is ideal investment
19:48 My portfolio is 30-40% producers
20:32 Will miners crash during a major general equity sell-off?
22:50 Investing in companies with a resource and/or economic study
26:26 My investment horizon is 3-10yrs. “I’m not a warrant-stripper”
31:04 Some of your biggest mining stock investing mistakes?
33:28 Advice to newer mining investors
36:12 Pain is the best teacher
37:49 “If you have a big ego in this business, the market will humble you”
38:55 How to follow Michael
Michael’s LinkedIn: https://ca.linkedin.com/in/michael-gentile-01028552
Sponsor: https://www.dorecopper.com/en/
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