This podcast delves into the multifaceted dynamics of macroeconomics, geopolitics, and commodities. We don't claim to provide absolute factual accuracy or endorse the quality of guests' information. Our goal is to engage in conversations with diverse individuals and amplify a wide range of perspectives. We believe that opinions vary, and no single person possesses superior knowledge. Trust should be approached critically, even when it comes from trusted sources like your own mother.
Devrim Turkdogan
@TurkdoganDevrim on X
Vukasin Pekovic
Mining Equity Analyst at The Independent Speculator
Stephen Stewart
Chairman at Awale Resources
Mr Stewart has over 18 years of financial experience as a director and senior officer with Canadian public companies, including as the CEO and director of Orecap (TSXV:OCI) and QC Copper & Gold Inc. (TSXV:QCCU), and the chair of Mistango River Resources (CSE:MIS) and Baselode Energy Corp. (TSXV:FIND). Mr. Stewart is the founder of the Ore Group, an organization focused on natural resource discovery and development, and founder and chairman of the Young Mining Professionals Scholarship Fund, the largest mining-focused charitable organization and fund which supports mining engineering and geology education in Canada.
Mr. Stewart holds a Bachelor of Arts degree from the University of Western Ontario, a Master of Business Administration degree from the University of Toronto’s Rotman School of Management and a Master of Science degree from the University of Florida.
Replay transcript excerpt
How do you get the most interesting conversation? How do you get the most interesting conversation? Good afternoon, everybody. This is going to be, well, my opinion, most interesting conversation. I'm a little bit biased, though, but it's going to be the most interesting conversation today. We're talking about, the title says, shareholder activism leading to success in progress. And this is going to be about a Wally Resources. This is indeed why I say success in progress, is because the story's not done yet. So Awali Resources is listed on the Ventures Exchange, and I'll take a symbol, A-R-I-C, so that'd be A-R-I-C. And the other company just recently got turned around, it went from, what about a $3.5 million market cap to now 40 at a certain point, 80-ish, I think, almost. Yeah, something like that, right? So there's a lot to talk about how that even came to be because the company was headed from 3 and a half not to 80 but to 0 and so Let's start with you Debra mute you're a person who brought it to all of our raters. How did that come to be? So I actually found the company through a drilling contractor, which was providing drilling services to exploration companies in Africa. And they would receive payment from certain companies in shares instead of cash. So you'd have to think, seeing this in the portfolio, you think, OK, at that time, this is in 2021, I didn't know too much about the business, but I could tell that, okay, if they're willing to take equity in this company, there has to be something there. So I looked at it, but it didn't seem to really hold together that well. It was mostly orogenic, more narrow vein stuff. So I just kind of passed on it for them. And then I was following it still. And at some point, they come out with a news release detailing som...
