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« 50-Year Veteran Warns A Huge Game-Changer Is About To Strike | Main | Australia To Start Taxing Bank Deposits »
Monday
Mar302015

Ruthlessly Cut ‘Hope’ Stocks and Those That “Have Nothing and Can’t Spend Money [to Create Value]”: Brent Cook

Brent Cook

 Brent Cook worked with Rick Rule analyzing early-stage resource stocks back in the late 90’s and early 2000’s.

Brent spoke with Tekoa Da Silva at the Prospectors and Developers Association of Canada (PDAC), a major industry conference for mining and exploration companies.  

Brent explained what he looks out for in the juniors and why you should never ‘buy the waterfront’ of resource stocks.

I followed up with him to find out what he really thought of the companies in the resource sector now.

He said many companies are just holding onto the hope that a recovery is imminent. They’re not trying to create value, but instead are counting on investors’ belief in a resource rebound to keep their projects alive, raising just enough money to pay bills and salaries each year. If the market turns around, “they will basically bring out their old dog properties once again,” Brent explained.


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