RE:The usual bullboard cretiens are hereHe Made $$$ for people early on...all about timing. Pinetree did crash when mining went into the dumps but so did the whole industry.
At its peak, Sheldon Inwentash’s Pinetree Capital commanded a market cap north of $1 billion and owned 400+ names in its portfolio. Pinetree Capital revolutionized the resource investment model, and today has left its mark. Pinetree alum are spread across Toronto, churning out deals, raising hundreds of millions of dollars, and running successful funds and mining companies themselves.
Since its inception, Pinetree generated incredible shareholder value by seeding companies such as: Queenston Mining (acquired by Osisko Mining Corp. for $550 million), Aurelian Resources (acquired by Kinross for $1.2 billion), and Gold Eagle Mines (acquired by Goldcorp for $1.5 billion).
Pinetree’s share price reached a high of $24.50 (post stock split in 2007) on March 27, 2007, and according Q1 financials, had $700 million of investments spread across 393 names, sitting on a hefty consolidated gain of 60%. No other publicly-traded company has been able to replicate Sheldon’s model, and no other person has been able to put together homerun after homerun, all while raising over $1 billion dollars for his issuers.