Very interesting, thanks. You don't go into any detail on their aspiration to be an operating company via Westhaven. Are you simply treating that as too remote to factor in along this timeline?
I see it as a venture opportunity with large upside if successful. The central point for me is that the investment case stands on its own using conservative underwriting criteria. I look for those situations which have embedded free call options.
Very interesting, thanks. You don't go into any detail on their aspiration to be an operating company via Westhaven. Are you simply treating that as too remote to factor in along this timeline?
I see it as a venture opportunity with large upside if successful. The central point for me is that the investment case stands on its own using conservative underwriting criteria. I look for those situations which have embedded free call options.
their investment in spc nickel corp has received weird investing attention.
(see sven lorenz weird investing guide.)
I see their investments as a way to gain exposure to some speculative opportunities in a less-risky wrapper.