Bill Powers and Brian Leni offer firsthand tips on how to confidently speculate in junior mining stocks in their monthly MSE episode. They discuss key insights gleaned from the past month of MSE interviews. They share the top books to read for new mining investors as well as books all speculators should know. The pair chat about investor psychology behind bubbles and lazy speculation. Other topics engaged are the role of life financings and warrants in Canadian markets, issuer confidentiality agreements, how Bill was recently conned, deal flow sources, Ecuador as a mining jurisdiction, geo-politics impact on small-caps and much more. Listen to these two full-time mining speculators share insights and reflect upon your own approach to junior mining speculation!

0:00 Introduction

1:08 June MSE interviews insights

4:44 Mega-pump psychology

6:48 “Fear is a rational response to laziness”

9:32 FOMO vs Fear of loss

11:30 Warren Buffett

14:07 Management believability

18:01 Lumina Gold & Ecuador

22:01 Life financings

24:20 Warrants

34:07 Confidentiality Agreements

36:21 Must-read books

41:15 Bill was conned

45:46 Geo-political impact on small-caps

49:43 Deal-flow

Download Howard Mark’s “You Bet” memo that Bill referenced: https://www.oaktreecapital.com/docs/default-source/memos/you-bet.pdf?sfvrsn=785dbe65_8

Brian’s website: https://www.juniorstockreview.com/

Bill’s Twitter: https://x.com/MiningStockEdu

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