Paulson Sells Trilogy Stake, Shifts Focus to Donlin
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Billionaire investor John Paulson sold his entire stake in Trilogy Metals, a Vancouver-based company focused on Alaska projects, after the companys stock surged following the Trump administrations approval of the Ambler Road mining route and a thirty-five million dollar commitment for a ten percent stake in Trilogy. Paulson, who built his fortune betting against the housing market and has since poured money into gold mines, sold over fourteen million shares, though the reason for the sale remains unclear. Meanwhile, another big player, Thomas Kaplan of Electrum Group, is sticking with Trilogy, showing not everyone is cashing out.
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