Our guest today is David Finch, CEO of Ixios Asset Management. David recently shared a much-publicised tweet on the rules that the junior mining industry should abide by to help lift the sector out of its malaise. The post naturally clicked for us and was worthy of expanding on in greater detail.
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All information in this podcast is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine (MoM) are not financial professionals. MoM 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. MoM 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 MoM are their opinion only and may contain forward looking statements that may not eventuate. MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
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(0:00:00)David Finch on Money of Mine
(0:07:03)Don't whine about naked short selling
(0:08:59)Don't issue paper at a 30% discount + warrants
(0:15:10)Don't issue yourself a big chunk of capital at 0.0001c
(0:16:53)You know the company will need more capital at some stage
(0:19:19)Don't put eight of your best golfing buddies on the board
(0:22:19)Don't jet round the world on the company dime
(0:24:28)Don't fill your desk with macro bullshit
(0:27:23)Don't have a slide comparing your company to others on market cap/oz
(0:28:52)Don't use phrases like 'bonanza grade'
(0:30:55)Spend at least 80% of the company's money advancing the project
(0:33:41)Make sure your business plan is adjusted to produce regular news flow
(0:35:48)Don't use gold loans, pre-pays, convertibles or royalties in a pre-rev company
(0:38:53)If there's bad news - be upfront
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