British investment guru, entrepreneur and accomplished author Jim Slater knows how to make money. I had the privilege of speaking with him for an hour yesterday and it was a wonderful discussion I will not soon forget. He is unquestionably one of his country’s most astute investors. He coined the phrase “Elephants Don’t Gallup” which explains his passion for smaller companies, particularly in the gold sector, that have the potential of becoming the giants of tomorrow.
One of those companies he’s extremely bullish about is Gold Bullion Development (GBB, TSX-V) which we first introduced to BMR readers nearly 8 months ago at 7 cents. In our discussion with Slater yesterday he revealed that the Junior Mining Fund he helped establish last year, and has a sizeable personal stake in, has accumulated a significant position in Gold Bullion. “It’s a growing holding (the Fund took an initial position in GBB about 6 months ago, added to that position 3 months ago and just recently bought more) and we like it a lot,” explained Slater. “It’s low grade but it’s growing very fast…I’ve met the management team and I’m impressed with them.”
The Junior Mining Fund invests in mostly producing companies which is “quite a compliment”, Slater stressed, to Gold Bullion.
We’ll be uploading Part 1 of BMR’s interview with Slater at 10 am Pacific today. In this first segment, just under 20 minutes in length, Slater offers words of wisdom on how we can all become better investors. He also gives his macro economic outlook and views on gold.
In Part 2 tomorrow, Slater talks more about gold and gold mining shares. He also comments on some of the stocks in the Junior Mining Fund, which his son-in-law manages, including Gold Bullion and another one of his favorites, Spanish Mountain (SPA, TSX-V).
Slater’s track record as a successful investor, businessman and author speaks for itself. He has written many books including “The Zulu Principle”, a best-seller, and “How To Become A Millionaire” which he co-wrote with Tom Stevenson.
Slater, who’s 81 years old with the energy of someone half his age, is currently Deputy Chairman of Agrifirma Services Limited which advises Agrifirma Brazil, an agricultural company, in which he has a substantial investment. We suggest visiting his web site:
