Stephen Dattels is a prolific, successful and activist mining entrepreneur. As he is involved with a substantial number of mining companies, investors may find it useful to be aware of his activities.
The purpose of this thread is to try and track those actvities. Please be careful not to post anything defamatory. He really deserves a Wiki in his own right! Please let me know of any important facts you feel should be added to this thread header.
OK, to kick things off, a brief biog. can be found on the Regent Pacific website here: http://www.regentpac.com/template?series=10&article=18
Stephen Roland Dattels, Canadian, was appointed as non-executive Co-Chairman of the Board on 12 February 2008. Mr Dattels is an experienced senior mining executive, and was one of the key executives at Barrick Gold Corporation (whose shares are listed on the Toronto Stock Exchange and the New York Stock Exchange) during its formative years before leaving in 1987. He has helped to form and finance a number of mining ventures, including UraMin Inc, which was sold to AREVA NP, the French state owned nuclear company for approximately US$2.5 billion in cash in August 2007. Mr Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the Program for Management Development at HarvardUniversity.
Mr Dattels is also a director of Regent Coal. He is also: (i) a non-executive director of Caledon Resources plc; (ii) non-executive co-chairman of the board of Emerging Metals Limited; and (iii) the executive chairman of the board of Polo Resources Limited, all of which are listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
He is closely associated with James ("Jim") Mellon, who described SD as "my partner" and "a brilliant mining entrepreneur" at the 2009 Master Investor Show in London (my notes from the show can be found here: http://boards.fool.co.uk/Message.asp?mid=11530486). JM's biog. is here: http://www.regentpac.com/template?series=10&article=6 JM currently features as number 88 in the 2009 Sunday Times Rich List, with an estimated net worth of £500m: http://business.timesonline.co.uk/tol/business/specials/rich_list/rich_list_2009/article6184985.ece
SD's wife, Jennifer Dattels, is President of Regent Mercantile Bancorp Inc of Toronto (a private company), which has a rather cryptic website: http://www.regentbanc.com/ A little more information can be found here: http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4773972
Regent Mercantile Bancorp, Inc. provides investment advisory services and is based in Toronto, Canada
SD's son, David Dattels, is manager of the RAB Special Situations Fund: http://funds.telegraph.co.uk/clients/telegraph/fundFactsheet.aspx?code=RP98 which is interesting considering RAB's close involvement in the mining sector, including companies that SD vehicles are also involved with..
SD is also linked with the following mining industry entrepreneurs, financiers and executives (further detail to be added):
- Mike Beck
- David de Jong Weill (see http://www.chiliogon.com/aboutus/details.cfm?person=David%20de%20Jongh%20Weill). DdJW chairs Niger Uranium (AIM:URU), Caledon Resources (AIM:CDN) and is head of the advisory Board of NWT Uranium (TSX-V:NWT).
- John ("Ian") Stalker (ex-Uramin CEO)
- Neil Herbert (Polo MD, ex-Uramin)
- Paul Ingram (Polo CEO, Australia)
- Guy Elliott (not to be confused with Rio Tinto's FD, formerly a Director of Polo)
SD operates through two principal vehicles, which he chairs or co-chairs:
- Polo Resources (AIM:PRL, http://www.poloresources.com/index.htm) and
- Regent Pacific Group (HK:0575, http://www.regentpac.com/index.jsp)
Each of these operates their own mining projects, primarily in Mongolia and China and has numerous investments in other mining companies. He also co-chairs Emerging Metals (AIM:EML, http://www.emergingmetals.com/) with JM. EML's primary asset is its investment in Extract Resources (ASX:EXT). Dattels companies are heavily involved in "The Extract Complex", covered in this thread: http://www.stockopedia.com/forum/view/30317/the-extract-complex It is my investment in Extract and related companies (and past investment in Caledon Resources and in Uramin, via Galahad Gold) that has been my main motivation for tracking SD's activities.
These vehicles have significant investments in the following companies:
- Extract Resources (ASX:EXT, http://www.extractresources.com/) [SD is non-Exec]
- Kalahari Minerals (AIM:KAH, http://www.kalahari-minerals.com/) [DdJW is non-Exec]
- Caledon Resources (AIM:CDN, ASX:CCD, http://www.caledon.com/WebForms/Home.aspx) [DdJW chairs, SD non-Exec]
- GCM Resources (AIM:GCM, http://www.gcmplc.com/) [SD non-Exec]
- A-Cap Resources (ASX:ACB, http://www.acap.com.au) [Paul Ingram non-exec]
- Berkeley Resources (AIM:BKY, ASX:BKY, http://www.berkeleyresources.com.au/) [SD non-Exec]
- Western Australia Metals (ASX:WME, http://www.wametals.com.au/) [Paul Ingram non-Exec]
- Impact (ASX:IPT, http://www.impactminerals.com.au/ ) – Polo are entitled to nominate a director following their recent share subscription but have not yet done so.
- Uranex (ASX:UNX, http://www.uranex.com.au/)
- BC Iron (ASX:BCI). See this for details: http://www.regentpac.com/ICMServlet/download/13-748-1286/EAnnt-InvestmentinBCIron(18Jun2009).pdf
- Bannerman Resources (BMN:ASX, http://www.bannermanresources.com.au/ )
Per this page: http://www.regentpac.com/template?series=9&article=220 Jim Mellon owns 11.3% of Regent Pacific and SD owns 6.7%
Per this announcement: http://fool.uk-wire.com/cgi-bin/articles/200906190753341725U.html SD owns 106.7m shares (4.55%) in Polo. He also has a direct personal interest in 2.1m shares of Extract Resources (see http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00948070 ) - current value exceeding A$12m.
The author may hold shares in this company, all opinions are his own and you should check any statements that appear factual and not rely on them before making an investment decision. The author is NOT a qualified analyst nor authorised to give investment advice. Whilst the author is a director of ShareSoc, all views expressed are entirely his own and not necessarily those of ShareSoc.