Current Investments

Below are some of Jim Slater’s main investments including those where he and his family hold a declarable interest in public companies:

Junior Gold – Launched in September 2009 as Junior Mining,  the fund is managed by Angelos Damaskos of Sector Investment Managers.  Angelos was an investment banker for 14 years before launching Junior Oils Trust (see below) and is also Jim Slater’s son-in-law.  Jim has an investment of 26% in Sector Investment Managers and he and his family have an investment of approximately £6.5m in Junior Gold.  The fund invests predominantly in smaller gold mining companies which have the potential of becoming the giants of tomorrow.  www.juniorgold.co.uk

Junior Oils Trust – Jim Slater wrote the following about Junior Oils in the June 2008 edition of Investors Chronicle: “For investors in oil shares who prefer a spread:  Junior Oils Trust is administered by Capital Financial Managers and managed by my son-in-law, Angelos Damaskos.  I own 24% (now 26%) of the management company and also have a substantial holding in the fund (approximately £1m).  Junior Oils Trust invests in smaller oil companies, concentrating on those with reserves and production operating in relatively safe political territories.  It also favours companies that are unhedged and have strong exploration programmes.  Smaller oil companies are at their most attractive when they find new oil and gas deposits as the effect on their share prices can be disproportionate compared with say, BP, whose shares might only rise a few pence even after a big find.”  www.junioroils.com

The MFM Slater Growth Fund – Jim Slater has a substantial investment in the MFM Slater Growth Fund along with other members of his family.  The fund is managed by Mark Slater, Jim Slater’s son.  The MFM Slater Growth Fund has performed exceptionally strongly since is was relaunched using a pure low PEG approach.  The fund ranked 1/313 in the UK All Companies sector over one year with a gain of 75.03% compared with the FTSE All-Share index’s rise of 15.18%.  More impressively, the fund ranked 1/2829 out of all funds in all categories over the same period (Source: Trustnet to 7th October 2010).  The fund is focused exclusively on companies trading on low PEGs with strong cash flows which offer the prospect of rapid and sustainable earnings growth.  www.slaterinvestments.com

Genagro (formerly Agrifirma Brazil) – Jim Slater and Ian Watson founded, and invested substantially in, Agrifirma Brazil in the belief that Brazil is ideally positioned to satisfy the world’s demand for high-quality foodstuffs, given its excellent soil, weather, abundant supply of water and highly-trained and able people.  The next step was to recruit a management team.  Anna Rebollini, Galahad’s excellent Financial Director, was the first to join.  Using a headhunter Ian Watson then found Julio Bestani, the former CFO of Adecoagra, the South American agro-industrial group founded in 2002 with the backing of George Soros.  During his five years as CFO the company grew to become one of th largest food and renewable energy companies in the region.  Julio then recommended the purchase of RARO, one of Brazil’s leading agricultural consultancies founded by Rodrigo Rodriguez, who manages the company and also owns his own farms in three states.  Rodrigo joined the team as COO.  Over $189m was raised and the Board of Directors strengthened by the appointment of Lord Wolfson of Sunningdale and Peter Stormonth Darling from London and Roberto Rodrigues, the previous Brazilian Minister of Agriculture, and Carlos Ortiz of Rabobank.  In addition an Advisory Board was formed including Jim Rogers and Don Coxe.  The Board decided to concentrate its activities on transformational land in Brazil.  The transformation process involves land clearance, soil preparation, crop planning and expert execution to ensure competitive yields.  The company acquired 42,000 hectares of land in Western Bahia and an option over a further 27,000 hectares.  In August 2011 the company entered into a joint venture with BRZ Investimentos, a leading Brazilian private equity group and changed its name to Genagro Ltd.  The joint ventre company, Agrifirma Brasil Agropecuaria SA, acquired the company’s portfolio of transformational land.  Genagro has a 49.95% stake in Agrifirma Brasil Agropecuarira SA.  Following completion of the joint venture Jim Rogers has joined the board of Genagro Ltd as it pursues further investments in the agricultural sector.  You can read an article in the Financial Times about Agrifirma and Brazilian farmland by clicking here.  You can access Genagro’s website here and the Agrifirma Brasil website here.

Spanish Mountain Gold – When Ian Watson joined the board of Spanish Mountain Gold (previously Skygold Ventures) in September 2008, Jim Slater invested in the company.  He has since assisted with four further rounds of financing.  Ian Watson was appointed the Chairman of Spanish Mountain in March 2011.  Morris Beattie, a former director of Galahad Gold plc, Northern Dynasty Minerals Ltd and Quadra Mining Ltd has also joined the board of directors of the company.  Jim Slater, his wife Helen and a family pension scheme are the holders in aggregate of 11,375,500 shares in Spanish Mountain, representing 6.9% of the issued share capital, and 6,850,465 warrants.

Spanish Mountain Gold Ltd is a Vancouver-based gold exploration company listed on the Toronto Venture Exchange (TSX-V:SPA).  The company’s primary asset is the Spanish Mountain property which is located about 6 kilometres from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometres north-east of the city of Williams Lake, and covers an area of about 37 square kilometres (15 square miles).  In June 2010 the company acquired the Cedar Creek property which is contiguous to the western boundary of the Spanish Mountain property.  The combined area of the properties is over 51 square kilometres (20 square miles).   Spanish Mountain Gold also owns the Prince George, Manson Creek, Spanish Creek (Thunder Ridge) and MT properties located in central British Columbia which have a combined area of more than 373,000 hectares (923,000 acres).

In November 2010, the company provided an update on mineral resource estimates at the Spanish Mountain property, which were reviewed as part of the Preliminary Economic Assessment commissioned by the company and published in December 2010.  The NI43-101 compliant report provides the following results:-

Reported at a cut-off grade of 0.20 g/t Au

Caution : Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability.

Spanish Mountain’s work programme for 2011 includes:-

• In-fill drilling of at least 13,000 metres within the Main and North Zones at the Spanish Mountain property with the objective of upgrading mineralization from inferred to Measured and indicated categories.  Data obtained from this drilling will be used to update the existing geological resouce and will provide information to aid the design of an optimized open pit.
• Step-out drilling to establish the potential to expan the current resource of both the Main Zone (towards the west) and the North Zone (towards the northwest and southeast).  Targets for this drilling are based on new mineralized intercepts encountered during the 2010 programme.

Spanish Mountain Gold has announced the commencement of a Pre-Feasibility Study.  The results of the 2011 work programme will be incorporated in an updated model which will be included in the Pre-Feasibility Study.

The Spanish Mountain deposit is owned 100% by Spanish Mountain Gold.  The infrastructure is excellent with road access, grid power to the property, producing mines nearby and an experienced workforce available.    Preliminary work has indicated 88-90% recoveries.

The recent review of historical exploration data at Cedar Creek has identified two significant anomalous trends that the company believes warrant further exploration.  At least 4,000m of drilling and additional soil geochemistry over an area of 8 square kilometres will be conducted during 2011.  Click on the following link to visit the company’s website: Spanish Mountain Gold

To read the following article from www.minesite.com click on the title:

Shares in Spanish Mountain are trading strongly, as pre-feasibility work on its 200,000 ounce per year Gold project continues

Last updated 5th October 2011