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How to make the market work for you? – And other observations

How to make the market work for you? – And other observations. The evolution of the City Nature gives us all the parallels we need to assess the market and its characteristics Darwin explains it rather well…. John Meyer – Managing Director / Metals & Mining Analyst

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How to make the market work for you? – And other observations

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  1. How to make the market work for you? – And other observations The evolution of the City Nature gives us all the parallels we need to assess the market and its characteristics Darwin explains it rather well… John Meyer – Managing Director / Metals & Mining Analyst No1. Extel rated mining analyst for smaller UK listed companies, 2009, 2008, 2007, 2006. No1. Extel rated analyst for all UK smaller companies in 2006 by fund managers. Ex: SocGen, Goldman Sachs, Montagu Mining finance, T Hoare & Co., Numis Securities.

  2. Disclaimer Any persons or organisations mentioned in this presentation are entirely fictional and bear no relation to any real people or organisations in the modern era DISCLAIMER – NON – INDEPENDENT RESEARCH This note is a marketing communication and comprises non-independent research.  This means it has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of its dissemination. This note has been issued by Fairfax I.S. PLC in order to promote its investment services. Neither the information nor the opinions expressed herein constitutes, or is to be construed as, an offer or invitation or other solicitation or recommendation to buy or sell investments. The information contained herein is based on sources which we believe to be reliable, but we do not represent that it is wholly accurate or complete.  Fairfax I.S. PLC is not responsible for any errors or omissions or for the results obtained from the use of such information. No reliance may be placed for any purpose whatsoever on the information, representations, estimates or opinions contained in this note, and no liability is accepted for any such information, representation, estimate or opinion.  All opinions and estimates included in this report are subject to change without notice.  This [note] is confidential and is being supplied to you solely for your information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose. In some cases, this research may have been sent to you by a party other than Fairfax I.S. PLC and, if so, the contents may have been altered from the original, or comments may have been added, which may not be the opinions of Fairfax I.S. PLC.  In these cases Fairfax I.S. PLC is not responsible for this amended research. The investments discussed in this report may not be suitable for all investors.  Investors should make their own investment decisions based upon their own financial objectives and financial resources and it should be noted that investment involves risk.  Past performance is not necessarily a guide to future performance and an investor may not get back the amount originally invested.  Where investment is made in currencies other than the base currency of the investment, movements in exchange rates will have an effect on the value, either favorable or unfavorable. Fairfax I.S. PLC is a company registered in England and Wales with company number 5496355 and whose registered office address is 7, Queen Street, Mayfair, London W1J 5PB. Fairfax I.S. PLC is authorised and regulated by the Financial Services Authority whose address is 25, The North Colonnade, Canary Wharf, London E14 5HS and is a Member of the London Stock Exchange plc.

  3. The city is a jungle • On the surface it looks like a nice friendly place… • But under the foliage, its wild, dangerous and a constant battle to survive • (Actually it’s a $1 billion forest according to a recent BBC documentary on the rainforest of Kenya)

  4. Beneath the surface its full of hungry, dangerous predators. • Some might look a bit “Slow” but appearances can be deceiving…

  5. Some of the slow looking predators can move surprisingly fast

  6. Exploration companies are like Wildebeest,

  7. There are a few of them and when the ground is fertile you can get caught in the stampede • You don’t have to follow the heard but you do want to get ahead of the stampeed

  8. The vast plain is your market: The grass that covers the plain your potential investors • So where are you in the food chain? • Investors are at the foot of that chain and are liable to sway with the prevailing wind

  9. These guys control the market • Traders, Sales, Corporate financiers and Analysts – Definitely in that order! • (Some corporate financiers always think they at the top of the food chain!)

  10. The trader has the power to execute…. • It is definitely a good idea to have him on your side

  11. Sales are an early form of caveman • Hunter gatherers, up early to catch their prey and fill orders to feed the tribe… • but they do need to be told what spear or club to use!

  12. Analysts are like gods • Their wisdom is indisputable but they are sometimes up in the clouds

  13. The migratory Journey a growing company has to take is fraught with danger

  14. Predators lie in wait where least expected…

  15. Have you met a corporate raider before?

  16. Sometimes they take one down

  17. The lucky ones get away!

  18. Look out for the vultures • Short sellers • Insider traders • Vulture funds

  19. Majors do sometimes take out a mid-cap

  20. In the lean times, when the table is bare, all members of the food chain suffer

  21. Salesmen are normally offered for sacrifice at this point in time

  22. Investor Relations are busy tweeting but sometimes forget the dangers of the market place

  23. Its hard pushing this stuff uphill • Must be a PR beetle

  24. Its not an easy life being a corporate financier

  25. Some companies try to act bigger than they really are

  26. Lehman Brothers torched the financial planes • Recovery has grown from the ashes but which broker will set fire to the new growth

  27. Don’t be a Dodo

  28. Make sure you wear the right camouflage and come prepared for the weather • Make sure you are ready to tell your story. Be prepared to climb the financial ladder

  29. Make the ecosystem work for you? • befriend a human who introduces you to the tree of financial life • make sure you find a good watering hole

  30. 10 Commandments of the city • Honour your investors so they continue to support you • Don’t lie or exaggerate ‘beyond reason’ • Try not to miss your targets • You shall not commit closeology • You shall not take the name of your broker in vain • Remember the weekend - it is time off for brokers • You shall not divert funds into non-core ideas • You shall not rubbish your competitors • You shall not steal your broker’s analysts • If you have a beard, shave it off! • Ps Analysts are gods!

  31. If a London Taxi driver tells you to buy a mining stock its time to sell • Make sure you have a good drink at the end of it all • You can CALL ME! On 0794 303 1001

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