Investor Paul Johnson on AIM, energy metals and the next big opportunity

 

In this extended, wide-ranging discussion veteran natural resources investor Paul Johnson talks through why he’s stepped down from the board at Thor Mining (LON:THR) and why, unless it’s a ‘fantastic opportunity’, he’s no longer interested in any further board positions.

 

”It’s time for me to be an investor, not a director”, Johnson says. ”When I’m not needed and want to watch the value of that investment grow … and then when it gets to a point where shares will be dramatically higher, I want to be in a position where I can take some money off the table”.

On Australia, Johnson says the country’s ‘really fired up’ .. ”it’s probably down to the Greatland Gold (LON:GGP) factor”. ”Greatland’s come back again … it had a dip off when Newmont pulled away from its project at Ernest Giles … but then rocketed again when they found some nuggets at Black Hills … they also drilled Havieron and found a fabulous intersection …and now they’re back in favour”.

They’re now on the cusp of major discoveries would could drive their valuation even higher”. Still on the subject of Australia, Johnson discusses the potential of Rockfire Resources (LON:ROCK) and ECR Minerals (LON:ECR) Johnson addresses some of the reasons why he reckons investor interest is currently quiet in Irish projects and the potential he sees in Connemara Mining (LON:CON).

”People don’t buy the quiet stories … which is unfortunate as that’s where you make the most money”, he says. As far as his other Irish investments, Johnson makes particular mention of Conroy Gold and Natural Resources (LON:CGNR).

”This is a majors project they’ve got in Ireland …. majors are looking for big resource potential projects … they need to get out there and market themselves”.

Another company thrown into the discussion is Metal Tiger (LON:MTR) after their Botswana deal this week. On his investment strategy he says: ”My aim is to take a share price from a penny and take it up to 5-9p and then start to sell the stock”. ”I wish investors would buy more at levels when share prices are really, really cheap .. when the market doesn’t reflect the value but they’ll never do that”.

”The psychology of the human being is such that we’d prefer to be wrong in a crowd … rather than be right in isolation”.

 

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