Value Hive Podcast

Jason Jessup, CEO of Magna Mining, is an operator-focused Sudbury mining executive steering exploration, production restarts and acquisitions. He lays out a bold plan to scale beyond FNX-era goals into a multi-billion dollar company. Topics include prioritizing McCready West, the R2 high-grade discovery, sequencing nickel versus copper, hiring A-players, financing strategy, and a clear 18-month roadmap for multiple producing mines.

This discussion dives into fascinating investment strategies from Laughing Water Capital, Plural Investing, and Kathmandu Capital. Hear insights on Lifecore’s market disconnect and NextNav's ambitious plans for terrestrial GPS. The hosts tackle the intriguing case of Watches of Switzerland and its role in Rolex retail economics. Additionally, Kathmandu provides a unique look at gold allocation amidst US-China tensions. Expect sharp critiques on holdings and a thought-provoking exploration of evolving investment philosophies!

Jason Jessup, the CEO and founder of Magna Mining, previously led operations at FNX Mining. He shares insights into building a billion-dollar mining company, discussing his journey from Inco to FNX and establishing Magna in 2016. They explore the unique challenges of junior versus major miners, the strategic acquisition of undervalued assets, and the importance of a strong, local team. Jessup emphasizes operational resilience, a focus on safety, and transparent communication with shareholders as key ingredients for success.

Timothy Call, a small-cap value investor and portfolio manager at Capital Management Corp, discusses uncovering hidden gems in the small-cap market. He shares insights on three intriguing companies: LifeVantage, a consumer health cash cow; ACCO Brands, showcasing a promising turnaround; and West Dome, a gold miner with significant growth potential. Tim emphasizes the importance of free cash flow and long-term planning, while warning of mega-cap deceleration, making a case for small and mid-cap investments as currently more attractive.

Chris Abbott, founder and portfolio manager at 1035 Capital Management, dives into exciting microcap stock ideas. He discusses Comstock's innovative recycling ventures, revealing impressive silver production potential and strategic improvements in its balance sheet. SkyX is reframed as a tech platform for smart homes, with cash-flow strategies and regulatory paths that could drive massive growth. Abbott also highlights Mobilicom's drone cybersecurity advantages and Research Frontiers' electronic-tint tech, showcasing how his hands-on approach aids these emerging companies.

Explore strong Q3 performances and macro insights from Hinde Group, including their investment in Becton Dickinson and the implications of their reverse Morris Trust deal with Waters. Delve into Atai Capital's concentrated strategy and their successful position in BK Technologies. Greenhaven Road discusses underperformance tied to limited AI exposure while defending their concentrated investment philosophy. Gain insights into various growth strategies and investment opportunities, all while navigating a frothy market of uncertainty.

Matthew Pierson, founder of Merit Oak Capital and former Navy SEAL, shares his fascinating journey from the military to finance. He discusses the rigorous research behind investing in MP Materials, emphasizing the geopolitical importance of rare earths. Pierson reveals his philosophy on concentration in investments, citing Warren Buffett, and his strategies for enduring market drawdowns. He also touches on the future of the energy transition and highlights new investment opportunities, including GE Aerospace and Taiwan Semiconductor, all while sharing gripping SEAL anecdotes.

Harris Kupperman, a hedge fund manager known for his macro insights, dives into his bullish Brazil thesis, highlighting the effects of a weak dollar and high real rates. He discusses the potential of Brazilian beef exporters over fertilizers and elaborates on macroeconomic shifts in Latin America. Kupperman contrasts security selection versus ETFs in emerging markets and shares his thoughts on commodity trends driven by China. He candidly shares lessons from past mistakes, advocating for long-term strategies and measured risk.

In this enlightening discussion, insights from Kingdom Capital Advisors highlight a strong Q3 recovery and strategic portfolio management. Key topics include a focus on special situations and a case study on NLOP's success. The resilience of United Natural Foods post-cyber attack is also notable, showcasing operational recovery and attractive valuation. Quick wins from GCO and FG Financial trades are celebrated, alongside a cautious take on Harvard Diversified's troubled assets. Reflection on challenges faced by KCA provides a balanced view.

Adrian Godas, a mining analyst and author of 'Bajo Tierra,' dives into the richly layered history of mining and his new role at FastMarkets. He shares insightful tales of mining techniques, revealing how some practices remain unchanged for centuries. The discussion includes his experiences with Alphamin's crisis and the cyclical nature of jurisdictional risk in Africa. Adrian also highlights under-the-radar opportunities like Valeura Energy and District Metals, offering a goldmine of investment ideas for listeners.