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An insider’s guide to the mining sector. An in-depth study of gold and mining shares / Руководство для инсайдеров по горнодобывающему сектору. Подробное исследование акций золотодобывающих компаний
It was a bright morning in early 1971. I had been seconded as part of my graduate training course at London stockbrokers James Capel to assist on the mining desk, having expressed an interest in becoming involved in international securities rather than the domestic share market. As the Jesuits say, give us the boy and we will have him for life. My lifetime addiction to mining began that spring day.
As a trainee I was not expected to arrive at the same time as the department, trainees have a way of getting under everyone’s feet and their absence is seldom regretted. As I opened the mining department door that morning I was met by a scene of pandemonium. The mining desk stretched across the institutional equities department, and was open on one side to the desks of the UK institutional salesmen. On the other side there was a floor to ceiling partition, on which the mining share prices and dealing boards were fixed, separating the mining sales desk from the specialist mining research group who beavered away behind the partition. I looked down the desk at gesticulating arms and waving telephones as the mining sales team urged their clients into action. <...>