Jim Slater mining venture returns 66% a year

Galahad Gold, a former investor in mining companies, now in liquidation, has agreed to pay further dividends to its legacy shareholders including Lord Rothschild's RIT Capital Partners, taking the total to £166m The return to investors over four years has risen to an annualised 66%.

One of Galahad's directors was Jim Slater, who has become a legend in retail investment circles after running into problems with his former investment bank Slater Walker during the 1974-6 UK banking crisis. His son Mark is an investment adviser to the Goldsmith family of the UK. Another Galahad director was Canadian-born Ian Watson.

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