How to Buy Discoveries while they’re still Cheap - with Tom Woolrych
Thomas Woolrych of Deutsche Rohstoff joins us in studio for a wide-ranging conversation. Tom is a geologist by background and he even wrote the book (for children) on the topic. We chat about the lithium market dynamics and Tom’s view that Chinese lepidolite production isn’t sustainable. We cover the process of backing discoveries while they are still cheap. We talk about jurisdictional risk relating to African opportunities and get Tom’s views on a range of different commodities. Finally we wrap up with an overrated / underrated segment.
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
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(0:00:00)Venturing into AI
(0:06:37)Tommy wrote the book on Geology
(0:09:14)A lesson on Lithium in geology
(0:10:36)Why we have seen a bottom in Lithium
(0:16:36)Deutsche Rohstoff identifying opportunities with a geology-first approach
(0:20:23)Algorithmic trend-following
(0:25:10)The things that can ruin an investment
(0:28:32)Management vs speed to market
(0:33:01)Investing in Africa and navigating the Chinese
(0:39:47)Being an 'active' shareholder via board seats
(0:42:07)Investing in European or North Amer