Founder & CIO @ Resource Insider | CoFounder & Director @ Cicada Logistics | Building great natural resource businesses
Vancouver BC, Canada
Joined April 2011
- Tweets1.6K
- Following1.6K
- Followers4.8K
- Likes1.7K
Pinned Tweet
Legendary short-seller, @Carson_C_Block, built his career—and his reputation—shorting stocks. So why does his fund own 14% of a Canadian junior gold miner? Full interview on YouTube: youtu.be/vp9xLWoWj-4
Great read and great news. With the PE bubble collapsing perhaps we'll see young ppl start building real businesses again instead of excel models and useless SAS products.
PE was a path to guaranteed money for long enough that people assumed it would always be a path to guaranteed money, making it increasingly prestigious.
But prestige is a indicator of where the world went, not a forecast for where the world is going.
youngmoney.co/p/prestige-tra…
Canada is (coming) back.
Imagine going back to October 2024 and telling Canadian oil & gas execs:
- Trudeau, Guilbeault Eby gone
- Strait of Hormuz war, WTI > $100
- Liberals adopted energy superpower agenda
- New west coast oil pipeline designated in national interest
- TMX full
- Keystone XL/ Southbow Bridger moving forward
- Conservative BC government
- LNG Canada Phase 2 FID’d
- Natural gas gigascale data centres FID’d
- Emissions cap scrapped, IAA removed from almost all O&G projects
- 100% immediate and permanent expensing for capital investments
I hear Cayman Islands are nice this time of year…
The BC Greens have proposed an "extreme wealth" tax to fund free public transit, affordable housing, and childcare.
Leader Emily Lowan pointed out that "massive fortunes don’t grow through wages, they grow through untaxed stocks and real estate."
sitkamedia.ca/bc-greens-prop…
This is like the scene in the Titanic where the rich lock the gates on the ppl below deck so they won’t take up space in the lifeboats…
89% percent of baby boomers back higher taxes on younger Americans as a means to protect their Social Security benefits.
84% of those aged 55 to 64 also support tax hikes on young Americans who, on average, suffer an inferior quality of life to their parents.
This is from a 2025 Cato Institute poll.
Follow: @AFpost
Jamie Keech retweeted
89% percent of baby boomers back higher taxes on younger Americans as a means to protect their Social Security benefits.
84% of those aged 55 to 64 also support tax hikes on young Americans who, on average, suffer an inferior quality of life to their parents.
This is from a 2025 Cato Institute poll.
Follow: @AFpost
Jamie Keech retweeted
Best junior mining block trade ever !?
World #2 mkt cap streamer, Franco Nevada, takes 12.4% Kenorland stake
Founder w/ young family de-risks $4.5M after 10 yrs (his first ever sales), retains 73% upside exposure
And one less $18M seller to worry about
Congratulations @floodgeo, you and $KLD.NE are one of a kind
* I’m a shareholder
Franco-Nevada Becomes Significant Shareholder of Kenorland Minerals $KLD.V $FNV.TO juniorminingnetwork.com/juni…
Jamie Keech retweeted
This is outrageous.
The man who violently stabbed and brutally murdered a father in broad daylight outside a Starbucks in downtown Vancouver has been found guilty not of second-degree murder (for which he was charged) but of merely manslaughter.
A conviction that carries with it no mandatory jail time at all.
The killer, Inderdeep Singh Gosal, could literally be back on the streets in just a matter of months.
This is part of a trend in Canada of judges who rule that stabbing or shooting someone in the face, neck, or chest somehow doesn’t “prove” intent to kill.
If judges are unwilling to use common sense, maybe it’s time for the government to consider new legislation to ensure that they do!
To be fair, considerably better than Trudeau’s son Xavier rap… he’s probably stepping down to run federally.
Jamie Keech retweeted
In Canada, our highest marginal tax rate is just above the median income required to qualify to buy a home. So the lowest level of income to qualify to get a mortgage is the same level the Carney government considers you ultra wealthy and takes over 53% of your marginal income. A large part of this is the massive debasement from the Bank of Canada printing money at the highest level among the G7. This inflated home prices, while wages and marginal tax rates remained in tact.
Canada’s brain drain is brutal. I can count 15 founders I know personally who left. (per @UWaterloo researchers, it’s specifically the top percentile of students that leave).
No one is asking me for a solution, to be clear, but I have one suggestion.
The simple, obvious, Canada-must-change this immediately: uncompetitive marginal tax rates.
Many Canadians don’t realize that Canada asks high earners and founders to pay top marginal rates at much lower income levels than even the highest-tax U.S. jurisdictions like NYC or California.
The top marginal tax rates in Canada are above 50% in Ontario (53.5%), Quebec (53.3%), and BC (53.5%), with Alberta slightly below (48%).
Meanwhile, even in the highest tax jurisdictions of California and NYC, the top marginal tax rate sits lower at 50.3%, and 52%, respectively.
But it gets worse. Much worse.
These high marginal rates in the U.S. hit at commensurately high levels of income ($25M in NYC, $1M in Cali).
Canada’s highest marginal rate? That started at the highest federal income threshold of $218K for the 2025 tax year.
$218K!!!??? (In CAD too. Thats about $157K in USD).
That means the marginal tax rate for similarly-earning Americans in the highest-tax jurisdictions like California and NYC is actually around 45%.
So Canadians pay significantly higher tax rates at lower levels of income.
And it’s not close, even when compared to the highest-tax U.S. jurisdictions (which themselves are losing hundreds of thousands of builders).
It’s obviously more nuanced than just tax, but this is one way to start solving this problem.
Let the brightest, hardest-working and highest-earning Canadians keep more of what they earn.
Cc @lucyhargreaves4
One of the weird thing about living in Vancouver, it makes this purchase seem kinda cheap…
Newly-minted mega-millionaire unmasked as buyer of $70M mega estate at just 31 years old - see his stunning pad trib.al/kag1Lx5
Jamie Keech retweeted
Once again I am reminding you that nickel prices are currently below the marginal cost of production.
That is usually not a bad time to start fishing for ideas.
As @RealRickRule likes to say, "love hate."
Jamie Keech retweeted
Unbelievable collapse, unprecedented in the country’s history. He will go down as the idiot king. In business and politics lack of executional skills does extreme damage!
Just how much worse have things become since Justin Trudeau’s Liberals took power in 2015? Take a look as Jesse Kline examines Canada’s lost decade through 13 economic indicators
nationalpost.com/feature/los…
Jamie Keech retweeted
“How often do you come across a portfolio where the development assets are effectively paid for by existing production?”
Heliostar’s new Chairman James Perry shares why he joined the board - and the long term value he sees in the company.
Watch the full interview with @Jamie_Keech: youtube.com/watch?v=df3-jCxZ…
“How often do you come across a group of assets where the development asset is effectively going to be paid for by the ancillary production?”
I sat down with @HeliostarMetals Chairman James Perry to discuss why he joined Heliostar and how management sees a path to 500,000 oz with limited dilution.
$HSTXF | $HSTR | $HSTR.v
Jamie Keech retweeted
Hi Carson @muddywatersre and Jamie @Jamie_Keech
Top notch interview.
Thanks.
Jamie Keech retweeted
$MFG's largest shareholder, @muddywatersre's CEO Carson Block, was featured on @ResourceInsider discussing the often-overlooked mining sector.
More investors are realizing the diversification benefits of gold in multi-asset portfolios.
📺 Watch here: youtube.com/watch?v=vp9xLWoW…
