Big Score: Robert Friedland, Inco, and the Voisey's Bay Hustle 
asked by siriusfanboy on November 9, 2006 5:03 AM
Voisey's Bay is the site of a massive nickel deposit whose vast potential has riveted the attention of the international business world. The discovery of the deposit in Labrador, the struggles for controlling interest in it, and especially the extraordinary players involved drive this amazing business story, which often reads like a suspense novel.
At the centre is Robert Friedland, an ex-hippie and disgraced Vancouver stock promoter, who by sheer luck ended up holding all the cards in a high-stakes poker game that pitted some of the world's most powerful and conservative mining companies against each other.
When news of the Voisey's Bay motherlode began to circulate, nickel giants such as Inco and Falconbridge were swept up in the excitement, competing in a series of takeover bids for control of Diamond Fields, the company that controlled the find. It all culminated in Inco's winning $4.3-billion offer, the largest takeover price ever paid for mining property.
But was the deal one of the riskiest gambles in business history?
From Namibia and Singapore to the boardrooms of Toronto and Vancouver, The Big Score uncovers the big money deals, the power struggles, and the hype in an immaculately researched and compelling drama of international intrigue.
At the centre is Robert Friedland, an ex-hippie and disgraced Vancouver stock promoter, who by sheer luck ended up holding all the cards in a high-stakes poker game that pitted some of the world's most powerful and conservative mining companies against each other.
When news of the Voisey's Bay motherlode began to circulate, nickel giants such as Inco and Falconbridge were swept up in the excitement, competing in a series of takeover bids for control of Diamond Fields, the company that controlled the find. It all culminated in Inco's winning $4.3-billion offer, the largest takeover price ever paid for mining property.
But was the deal one of the riskiest gambles in business history?
From Namibia and Singapore to the boardrooms of Toronto and Vancouver, The Big Score uncovers the big money deals, the power struggles, and the hype in an immaculately researched and compelling drama of international intrigue.
Reviews
Simply captivating and better written than a Canadian mining story has any right to be.
About how a gang of off-beat penny stock mining promoters (led by "Toxic Bob" Friedland, ex-hippie, convicted LSD dealer, alleged environmental disaster perpetrator and one time school chum of Steve Jobs) took some of the world's largest mining companies on a dizzying auction for some desolate caribou pasture that just happened to contain some of the richest ore deposits ever discovered.
Bob Friedland is the loadstar of the story: a vain and loathsome character but brilliant as an auctioneer of fear and greed as he escalates the bidding into the stratosphere.
This book contains some valuable lessons for executives and the stock buying public. For executives: have your temperature checked regularly for "deal fever": walk away when the bidding gets too intense, you're probably overpaying. For the public: Beware of Toxic Bob's inside tips that to prop up an overvalued stock you need a dynamic impressario with a "good story" and some theatrical "props". Brings to mind certain Silicon Valley impressarios....
About how a gang of off-beat penny stock mining promoters (led by "Toxic Bob" Friedland, ex-hippie, convicted LSD dealer, alleged environmental disaster perpetrator and one time school chum of Steve Jobs) took some of the world's largest mining companies on a dizzying auction for some desolate caribou pasture that just happened to contain some of the richest ore deposits ever discovered.
Bob Friedland is the loadstar of the story: a vain and loathsome character but brilliant as an auctioneer of fear and greed as he escalates the bidding into the stratosphere.
This book contains some valuable lessons for executives and the stock buying public. For executives: have your temperature checked regularly for "deal fever": walk away when the bidding gets too intense, you're probably overpaying. For the public: Beware of Toxic Bob's inside tips that to prop up an overvalued stock you need a dynamic impressario with a "good story" and some theatrical "props". Brings to mind certain Silicon Valley impressarios....
reviewed by skywalker on November 22, 2006 10:42 AM
The real story that reads better than fiction. The book gives a great background for the current activity that is starting again in one of the largest mineral discoveries in Canada.
reviewed by squeege on November 24, 2006 7:18 PM
