Oreninc Blog

Oreninc Blog

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Technology Has Changed Everything

Technology Has Changed Everything

This is off-topic from metals/mining, but the more I look at the issues facing the Western world, the more I see a complete destruction of demand for labor....

Everything we do every day just compounds the problem of technology killing jobs, jobs that are never coming back. The world is changing, and for some things it is great; I would put a plug for copper in here, but let’s focus on what has changed. 

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Real Estate Bubbles

Real Estate Bubbles

a1sx2_Original1_Daily-Message_REB.pngWe had a real estate bubble, driven by cheap money and easy lending, and we all know how it ended in the US. The solution to get us out of the...
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How to Pick A Broker

How to Pick A Broker

Imagine you are in a world where you are judged on how pretty your partner is, but you are blind and you have no idea what she looks like. She will tell you she is pretty, but you cannot trust her as she might be biased.  

 

To do a good job, you will establish what pretty is, redefine it based on a set of guidelines, and then go look for a partner that meets those guidelines. But you are still blind, so you have to trust someone to guide you.

 

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Stop Funding Nissan Leaf

Stop Funding Nissan Leaf

Sometimes I get figuratively trashed for regularly not liking new technology and all the wonderful metal usage that comes from it. I spent the weekend thinking about LEDs and then I started to think about Nissan Leafs...and my mind wandered into what the government could do by picking the right projects to support, rather than the wrong projects.

 

I have a medium belief that if the US government took the money it was spending on tax credits for Leafs and put it into LED light bulbs, we could really make an environmental impact and save on energy bills for struggling families.

 

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2+2 Can Equal 5 in the Banking World

2+2 Can Equal 5 in the Banking World

There are two places where math is not linear in this world: banking and government.

Bankers have the ability to slice and dice and somehow always make money. That is, unless they completely mess it up. But they also seem to add value in our business.

Brokered deals are better than non-brokered deals.  If we had to choose as a company to go brokered or non-brokered, we would go brokered every day. That being said, there are a few cases when brokers are not worth paying.  

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Thank You, Dad

Thank You, Dad

I grew up in this business, literally. I was homeschooled and spent years of my life following my father around as he did business. I grew up walking the streets of Calgary, couriering documents. I grew up in a mineral recession, I know what it means when the world shuts its doors to our industry, and I understand what failure can feel like. 

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The Facebook IPO

The Facebook IPO

Facebook is paying 1% in fees for its proposed IPO (Initial Public Offering), and the underwriters are expected to make between $50 million and $100 million to take the company public. In Canadian mining finance terms, that is a punch in the gut. The average deal we tracked in 2011 paid underwriters 9% in fees, 6% in cash and 3% in options. If Facebook were a mining company completing an IPO, the profit from the offering would have rocked some banker's world.

Some of the discount in fees results from Facebook being a status IPO; every bank wanted the deal because Facebook is a household name the world over. Some of the discount is also due to size. The deal is so large that even lower fee levels pay well. In general, however, the huge fees junior mining companies pay versus other companies elsewhere in the world reinforces the pain of the mining finance industry.

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The Case for 55 mpg

The Case for 55 mpg

      God Bless America, but why is the government so obsessed with the latest technology fads? When it comes to energy, we should be rewarding results and efficiency,...
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Selecting an Underwriter

Selecting an Underwriter

      An underwriter acts as a gatekeeper between institutions and companies. Some would argue that underwriters are not important, but we disagree. Underwriters perform the vital functions of...
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Why does liquidity matter?

Why does liquidity matter?

      Many companies wonder why liquidity and volume of daily share trading matter when they are looking to raise money. The answer is: institutional investors need liquidity. They...
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