Title: An Insider's Guide to the Mining Sector
Author: Michael Coulson
ISBN: 9781905641550
Publisher: Harriman House Limited
RRP: 34.99
Edition: Second (2008)
Background:
Whilst engaged as a trainee Chartered Accountant a partner in my firm told me 'there is no substitute for quality education and training'. How true.
But then why is it many investors buy and sell shares in Mining and Exploration Companies without really understanding the ins and outs of the commodities involved, the intricacies of exploration or the downright practical difficulty of developing a mine after that blockbuster exploration discovery.
In truth the reason is quite simple; that's what investors generally do. For those that buy banking shares how many understand interest rate swaps, complex derivatives and collateralised loans? For those investing in pharmaceutical shares how many fully comprehend the stage I, II and III clinical trials? And for technology shares, how many investors can truly grapple with the complexities of the technology in which their companies are engaged??
So it stands to reason that a better understanding of the sector could or should place the average investor at something of an advantage to the wider market. And by wider market I include not only the private investor, but many professional investors, brokers and other market participants as well.
The Miningmaven blog is focused on the Private Investor and our mission is to make the sector more accessible to the average investor by providing common sense commentary and sources for additional research. So where would be a good place to start for serious PI's looking to bolster their knowledge of the Mining and Exploration sector?
We think we may have found the answer in this very easy to read book written by Michael Coulson .
Author:
Michael Coulson has been working with the Mining Sector for over three decades, working within banks and brokers and from 1975 to 1991, producing an annual gold review. His work in recent years has revolved around the provision of independent research for smaller broking outlets who themselves lack the particular in-house expertise.
Review:
This is our first Miningmaven book review so we have decided to look for three essential features in all the titles we identify, namely:
- Breadth of coverage;
- Ease of reading;
- Tools that investors…
