Sahm Adrangi hedge fund, Kerrisdale Capital, has built up expertise in the biotech and mining sectors, highlighting shares of companies that are built on overly optimistic forecasts. In other instances, Kerrisdale discovers and publicizes instances of fraud. Sahm Adrangi is known as an activist, whose activities are aimed every bit as much at engineering change as they are at providing his investors with a profit.
One sector that has been fraught with uncertainty and outright deceit is the mining sector. Northern Dynasty Minerals owns a deposit of copper and gold in Alaska’s Bristol Bay Basin that has yet to be developed. The company has spent close to $1 billion in environmental and engineering studies. Additionally, the company has spent heavily on socio-economic reports.
The development of this deposit has faced stiff opposition from all directions. Locally, the Alaska Natives and environmentalists have protested the company’s plans. Additionally, state and local governments have expressed disapproval of this projects. In response, the United States Environmental Protection Agency halted the project in 2014. Investors have been optimistic that the change in Administrations may lead to the ultimate approval of the mining project.
Notwithstanding any potential approval, Sahm Adrangi believes that the value of this mining project is close to zero. Regardless of any mineral deposits, Adrangi argues that these deposits are extraordinarily difficult to extract from a sizable amount of raw material. Accordingly, extraction costs and the corresponding capital investment necessary to bring the site into production will be prohibitive. Further, Northern Dynasty has been less than forthcoming with mining reports from the site, suppressing a less than favorable report from a former investment partner in the site. In fact, several former investment partners have halted their participation in the project, abandoning their investments.
In Sahm Adrangi’s opinion, what may be insurmountable is the local opposition to development of the project. Notwithstanding Washington D.C. politics, the opposition to the project in Alaska spans across the political spectrum, and state voters gave the legislature approval authority for sulfide mining. Andragi believes that this is what will ultimately freeze the success of the project.
Chris Burch is someone who has a taste for the fine things in life. Be it fine dining, fine fashion, or even the best business deals on the market. He is a businessman and entrepreneur who has an extremely keen business eye and can spot the best ideas out of many. He is a venture capitalist who owns his venture capitalist firm which goes by the name of Burch Creative Capital. With the company, Burch has taken some of the biggest and best business ideas and transformed them into something worth noting. Click on this and have a look at Burch Creative Capital diverse portfolio. He has worked alongside numerous people, helping them develop their ambitions. He is also known for diversifying his interests and divulging into some different fields. All of this cumulatively has made him the businessman that he is today. For a must-read recent interview of Burch, visit this site at interview.net.
Chris Burch also has a good eye for investment opportunities which he takes upon as soon as he sees them. One of his more prized investments of late has been the luxury hotel that he started up on his private island. Chris Burch bought out a private island in the beautiful country of Indonesia and decided to turn it into something extravagant. The island was purchased for his kids as a gift, but he wanted to give them so much more than just a piece of land. He wanted to give them a second home, and a grand one indeed. He, therefore, teamed up with James McBride, an extremely prominent architect to construct a hotel like no other.
The hotel was named the NIhiwatu and has been awarded as the best hotel by numerous sources. Set against pristine beaches and crystal clear water, the Nihiwatu is the epitome of luxury set against a beautiful landscape. The hotel has attracted numerous high-profile people and celebrities who want to getaway in a beautiful place. The Nihiwatu stretches over acres of land and looks like it is straight out of a fairytale. Travel + Leisure Magazine named it as the number one hotel in the world for the year 2016. Check this on businessinsider.com. When Chris Burch was looking out for a new spot to call his vacation home, he stumbled upon this beautiful island, and seeing how much potential it had, decided to make something great of it. Related article on bjtonline.com.
The opening of the hotel has immensely benefited the economy of Indonesia and the people living there. The hotel has opened up numerous job opportunities, allowing inhabitants of the place to sustain themselves better. More interesting news on huffingtonpost.com.
To read more about Burch, visit his website at http://christopherburch.com/