massifcapital
Lithium Americas Corp (NYSE:LAC): A pre-production firm poised to be the next lithium major Q3 2020 hedge fund letters, conferences and more Lithium Americas - IntroductionLithium Americas Corp (LAC) is the strongest junior lithium miner in the world today. It is poised to accelerate from a pre-production company to a mining major over the next decade. By 2024, we believe LAC will be worth $35 per share, a 250% return. Within the decade, there are multiple paths forward for that return to grow further. Global electrification places enormous pressure on illiquid mineral markets. International a...
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Governments around the world are in the first inning of a clean-energy transition. In arguably no other market will those changes be more impactful than in the real assets space.Q3 2020 hedge fund letters, conferences and moreThe Case For Investing In Real AssetsA core tenet of our case for investing in real assets is that the transition to a low carbon economy makes the space a fertile investment opportunity. Further, we posit that the path toward carbon neutrality should be the North Star guiding investors’ evaluation of real asset business models.The reason real asset businesses have such a...
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Massif Capital commentary for the third quarter ended September 2020 discussing their largest contributors Ivanhoe Mining, Turquoise Hill and Lithium America.Q3 2020 hedge fund letters, conferences and moreDear Friends and Investors,The core portfolio for Massif Capital was up 6.2% during the third quarter of 2020. Year-to-date, the portfolio has returned 29.5%. A detailed report on individual account performance will be provided to investors in the coming days.Portfolio Attribution: Ivanhoe Mining, Turquoise Hill and Lithium AmericaThe third quarter was a volatile one for the portfolio, with ...
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In our recent writing on the energy transition, one of the themes we have touched on is the need to increase investment in two types of firms: transitioning companies and enabling companies. These are businesses that either make goods to enable a transition or businesses that produce economically critical goods that need to transition their processes to lower carbon outputs.Q3 2020 hedge fund letters, conferences and moreInnovation In Cleantech CompaniesEnablers may spring from existing firms or emerge as new businesses. The opportunities range from carbon capture technology to grid-scale batt...
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New World Order Calls for New Assessments of Political And Social RiskQ2 2020 hedge fund letters, conferences and moreWhile opinions are more divided than ever, there is one item on which academics, pundits and investors can all agree: In just a few years, the political landscape has changed dramatically. The rules-based political order and its associated trading system, in place since the end of World War II, is rapidly evolving and can no longer be taken for granted.Understanding Of Political And Social RiskIn this changing climate, a sophisticated understanding of political and social risk ...
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