In this episode of Mining Stock Education, host Bill Powers interviews private investor Sultan Ameerali, who delves into his investment journey with junior miner Minera Alamos (TSXV:MAI; OTC: MAIFF). Sultan discusses the rationale behind his initial investment into the company in 2018 and the factors that led to his decision to recently sell the stock. The conversation highlights the importance of developing and understanding your investment process, not falling in love with management, keeping watch over your ego and the risks associated with balance sheet issues in the junior mining sector. Both Sultan and Bill explore the balance between upside potential and downside risk, offering valuable insights for thoughtful investors in the mining sector.

00:00 Introduction to Mining Stock Education

00:45 Guest Introduction: Sultan Am

01:24 Initial Investment in Minera Alamos

02:59 Challenges and Setbacks

03:54 Recent Developments and Decisions

06:44 The Permitting Halo and Financing

08:41 The Transformational Acquisition

14:10 Ego and Investment Decisions

18:14 Evaluating Management and Opportunity Cost

21:14 Understanding Risks and Opportunities in Mining

24:28 Balancing Upside and Downside in Investments

25:21 Special Situations and Downside Protection

28:57 Reflecting on Investment Strategies

34:36 Evolving Investment Processes

36:30 Final Thoughts and Future Plans

Press release discussed: https://mineraalamos.com/news/2025/minera-alamos-announces-transformational-acquisition-of-producing-gold-complex-from-equinox-and-appoints-jason-kosec-as-part-of/

Sultan’s Twitter: https://twitter.com/SultanAmeerali

Sultan’s Website: https://www.consolidatedrock.com/

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