Why Management Matters more than Project (Will Thomson) скачать в хорошем качестве

Why Management Matters more than Project (Will Thomson)

We sat down with Will Thomson of Massif Capital, fresh off a standout year for the fund, to dig into his high-conviction bets across materials, energy, and industrials. Will is a deep, contrarian thinker who has grown his fund by finding value where others aren’t looking. This episode is no different, with some punchy views on gold, mining management & commodity investing. In this conversation, Will covers: • Why he sees little value in gold miners right now — and what would change his mind • His deep dive on Equinox Gold and why new CEO Darren Hall is the key variable • Lundin Mining’s Vicuña project — what the $18B capex really means • Why management teams matter more than the commodity • Whether he’s rotating toward energy and niche industrials — including a hot take on offshore wind Follow Will on socials: X - https://x.com/wmthomson22 Stocks mentioned: EQX.TO, LUN.TO, AFM.TO, LRV, MAG, HBR.L If you enjoy deep dives on mining, energy, and capital allocation, make sure to subscribe and turn on notifications so you don’t miss future episodes. 📰 THE DIRECTOR'S SPECIAL Join 16k+ subscribers to the Director’s Special: one daily email with all the news that matters in mining https://www.moneyofmine.com/subscribe ------------------------------------------------------- ▶️ CHAPTER TIMESTAMPS 00:00 - Real Assets Rotation 03:20 - Inbound Interest Signals 07:00 - Why Gold Looks Overpriced 15:10 - Equinox Underappreciated 19:00 - Lundin Copper Masterclass 31:50 - What Drives Miner Returns 33:50 - Management Fit by Lifecycle 37:50 - Larvotto and Distressed Assets 44:30 - Tin Outlook and Alphamin 53:10 - Rebalancing Beyond Mining ------------------------------------------------------- 🤝 OUR PARTNERS Thank you to the mining services businesses that make this show possible: Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/gro... Focus by Marketech – All your mining news and market needs in one powerful platform | 10-day free trial: https://marketech.com.au/focus?utm_so... SS&C Intralinks - Powering deals with unmatched security and efficiency | https://www.intralinks.com/ Exceed Capital – Diversify your portfolio with Exceed’s property trusts - https://www.exceedcapital.com.au/sp-p... ------------------------------------------------------- 📌 FOLLOW US Join our group chat: Discord:   / discord   Subscribe to our podcast: Spotify: https://open.spotify.com/show/0LsIJIs... Apple: https://apple.co/3Fdocwx Follow us on all social platforms to stay up-to-date: Twitter: https://x.com/moneyofminepod Instagram:   / moneyofminepod   LinkedIn:   / moneyofmine   Facebook:   / moneyofminepod   TikTok:   / moneyofminepod   Our personal Twitter accounts: Travis Ricciardo:   / travmoneyofmine   Jonas Dorling:   / jdmoneyofmine   ------------------------------------------------------- ⚠️ DISCLAIMER All information in this podcast is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine are not financial professionals. Money of Mine and our contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional. Money of Mine doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of Money of Mine are their opinions only and may contain forward-looking statements that may not eventuate. Please read the full Disclaimer here: https://www.moneyofmine.com/privacy-p...