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INVESTMENT
intervie
mining house BHP is an Australian company). Home to
an enormously well skilled and educated workforce, our
education system is internationally respected and open to
foreign students, Australians are well respected members
of the international workforce and Australia’s capital
w
markets are very sophisticated and simple to access.
Q :
Are you involved in projects with other
countries, if so, which ones and what
have been the challenges and rewards?
ARMSTRONG: Yes, we are involved with various
projects offshore from the Philippines, Canada and South
Africa, to Ukraine and China. The challenges are always
common – getting on top of the local laws, understanding value is enhanced at the earliest
the local culture, religion, work practices, and two-way opportunity. We turn down
flow of capital. The rewards come from achieving the more than we get involved in as
development of a project in a foreign country, creating a lot of projects are riddled with
employment for local people, understanding new problematic issues that are often unresolvable, making
cultures, enjoying different food, making new friendships the overall proposition unprofitable whichever way you
and making a profit for our shareholders. cut the cake. Due diligence is often the most important
consideration.
Q :
What do you love about what you
do? Why do you do it? What makes it
worthwhile? Q :
What advice would you give to a
company or business person who is
ARMSTRONG: What I love about what I do is very
looking to get an investment or an idea off
simple – the challenge of developing a project from
the ground.
scratch to production, building a team of people that ARMSTRONG: When it comes to new ideas I always
enhance the project and turning it into a profitable venture advise young deal makers not to overvalue their venture
and dealing with the wide range of issues that arise on and have very experienced advisers on board to raise
a day to day basis with any business venture. I enjoy adequate capital to get the venture up and running. The
turning up every day to build our shareholders’ wealth. most common reason behind failure for new ventures
is under-capitalisation, and failure usually happens early
Q :
What do you look for in a project
in a company’s life span – quite often it’s only when
before you take it on?
companies are being traded for the second and third
ARMSTRONG: We look for opportunity and unrealised time that they become well managed and profitable.
value in a project where our team can come in and
kickstart a project and turn it around so that shareholder www.zodiaccap.com.au
INVEST IN AUSTRALIA – INDIA 25
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