End of Year Newsletter - Geólogo Trader 🇦🇺
Back in Argentina, thank God. The portfolio, doubling down on internationalisation, and my 2026 setup.
I hope everyone has knocked off for the year and is tipping in plenty of booze.
I am.
Being back in Argentina is genuinely the best thing. I’ve said it before and I’ll keep saying it: the Southern Cone of South America is the best place to be for a number of reasons.
Lifestyle (steak, nature, dating, zero tax juristrictions, lax visa processes)
Now we’ve seen Kast win in Chile, and the broader retreat of the left across South America continues.
I’m hopeful, and quietly confident, that Colombia follows a similar path next year.
The image above speaks volumes to me.
Not because of politics in the abstract, but because of what actually happens on the ground when governments move away from hard-left policies and toward something more pragmatic and business-friendly. Foreign investment becomes welcome again. Capital starts moving. Things that were stuck suddenly aren’t.
For someone working in mineral exploration in South America, that shift really matters.
I sometimes look back at former colleagues and bosses in Australia and see just how brutal the exploration environment has become. It’s hyper-competitive. Everyone is smart. Most geological districts have been picked over for more than a century. Projects live and die by the drill bit, and when everyone is chasing the same ideas in the same mature terrain, the odds of creating genuine shareholder value shrink fast.
South America is different. It still feels, in many ways, like a frontier in certain countries.
That’s not to say it comes without complications. Security and corruption are real considerations, but there are fewer people on the ground who truly understand how to operate here, how to navigate logistics, manage risk, and actually add value for shareholders in-country. That gap creates opportunity.
As governments move away from heavy-handed intervention and toward more investment-friendly settings, that opportunity only expands, especially for those already here who understand how things actually work.
That’s where I see the edge and asymmetry to make serious money from investments.
This end-of-year newsletter pulls together how I’ve been positioning myself across markets, structure, and geography.
Inside, I cover internationalisation, the stocks I’ve been buying and holding, and how I’m thinking about 2026.
Thanks as always to my all subscribers for the support. Merry Christmas and all the best for the year ahead.