Brian's largest investment loss was a 100% loss on a private company from 2020 that acquired a past-producing gold mine in Brazil, claimed to have technical competence but refused to answer questions about rumored tailings dam failures, dodged him at conferences, and never released financials—demonstrating that private mining companies require extra diligence and proof of capital deployment timing.
factualpending
Speaker
Brian LennyEvidence Quote
“the biggest loss I took is or probably will take is 100% I invested in a private company um about four years ago I think it was 2020 and uh the company has been terrible at they won't release financials there's been some rumors um and this is a they basically the deal they bought this um this past producing gold mine in Brazil and supposedly there was a tailing Dam leak or something some some failure occurred wasn't wasn't necessarily reported or I haven't seen news of it but I just heard rumor of it asked the management no no answer no answer no answer they're ducking me at the conferences [1:19:19]”
Source
Mining Red Flags, Big Risks, Crashing Stocks, and a Lawyer Turned Junior Mining CEO— Resource TalksCreated: 8/13/2026, 9:53:37 AM
My Notes
Loading notes...