Join Save Canadian Mining for a pivotal episode in our "Ban the Bots" series, featuring a compelling dialogue on the critical issue of investor inequality within Canadian capital markets. This session shines a spotlight on the insights of John Chisholm, a seasoned financier and influential investor, and Mac Balkam, CEO of Eskay Mining and former RCMP officer with deep expertise in combating stock market fraud. Together, they unravel how naked short selling is merely the tip of the iceberg, revealing a systemic problem of unequal treatment among investors that undermines the very principles of fairness and integrity in our financial systems. Dive into this crucial discussion calling for a re-evaluation of market practices to ensure equity and justice for all investors.
Fri, April 12, 2024 at 10:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the issue of investor inequality within the mining sector, highlighting the impact of predatory short selling and market manipulation on investors. Key speakers included Terry Lynch, CEO of Power Nickel, Mack Balcom, President and CEO of SK Mining, and John Chisholm, co-founder of Premium Nickel, who shared their insights and experiences related to these challenges. Key Discussion Points - Introduction of key speakers and their backgrounds in the mining and financial sectors. - Discussion on the significant decline in the TSXV's metal and mining index since the removal of the tick test in 2012. - Presentation of a chart illustrating the loss of market cap in the mining sector, estimated at over $40 billion. - Explanation of wash trading and its implications for investors, including a case involving Canaccord Financial. - The role of regulatory bodies and the inadequacy of penalties for firms involved in market manipulation. - Personal stories ...
Mr. Lynch is currently CEO of Power Nickel Inc. a publicly held mining company with the advanced stage Nisk Nickel project south of James Bay Quebec. Mr. Lynch is also the Founder and Managing Director of Save Canadian Mining. Save Canadian Mining was launched in November 2019 to unify Canada’s junior mining sector in requesting regulatory changes in Canada’s capital markets. The organization is supported by the TSX Venture Exchange, the Ontario Mining Association, the Ontario Prospectors Association, as well as mining industry leaders like Eric Sprott (Sprott Mining) Sean Roosen (Osisko Mining), Keith Neumeyer (First Majestic Silver Corp), and Rob McEwen (McEwen Mining Inc) and over 25 junior mining companies and over 3,000 members.
Mr. Balkam was with the Royal Canadian Mounted Police for 13 years, many of those involved in the investigation of stock market related fraud. In 1981, he resigned to become a financial consultant with a major brokerage firm, where he managed investments for retail clients. Since 2004, Mr. Balkam has been involved in raising venture capital and consulting for junior mining companies. Mr Balkam joined the Board of Directors and became CEO of Eskay Mining Corp during the fourth quarter of 2009. He holds a BA from the University of Toronto.
John Chisholm is a senior financial executive with over 35 years of investment experience. As a senior executive of Merrill Lynch and CIBC Wood Gundy, he has participated in over 100 IPOs. John is a founder of Temex Resources, Forsys Metals, Carta Worldwide, and Land Administration Company, where he currently serves as executive chairman. He is also a cofounder of Premium Nickel Resources. As a graduate of the University of Guelph in economics, he is well-positioned to help guide companies with respect to raising funds for large projects. He has been involved in raising over $200-million for various companies and has extensive list worldwide contacts in both the mining and technology sector.
Replay transcript excerpt
Speaker 1: Hello everyone and welcome to Save Canadian Mining's live event today, hosted by 6. I'm joined with Terry Lynch, CEO of Power Nickel and founder of Save Canadian Mining, Speaker 1: Mack Balcom, President and CEO of SK Mining, and John Chisholm, Speaker 1: co-founder of Premium Nickel. The title of today's event is All Investors Are Not Traded Equally, Speaker 1: and today these gentlemen are going to educate us on the investor inequality and what this means for you as an investor in the space. Just as a couple Speaker 1: housekeeping items, this event is being recorded and could be watched on YouTube in the coming days. As well, if you have any comments or questions, there is a chat box in the bottom right corner of your screen, so feel free to contribute to the conversation at any point. But I'll hand things over to Terry and we can kick things off. Speaker 2: Great, thanks, Colin. I appreciate that and welcome everyone to the show and look forward to having an engaging conversation today. Speaker 2: I've got 2 really Speaker 2: interesting Speaker 2: friends on the line that Speaker 2: I didn't have the pleasure of meeting for some years, and then we met through this process. Speaker 2: And because they came at this issue from a little bit of a different side, and I think it's interesting. You know, 1 of the things we need to do at Safety & Remining is show the many different people that are being impacted by this and how they became aware of it and what their story is because it helps to make it more real. Because 1 of the things we continually, Speaker 2: you know, deal with is skepticism about, is this a real problem or not. You know, so Speaker 2: before I introduce the guys, I just wanted to point out that there's a chart up on the screen. I think e...
