Junior mining - Sahara desert or last of the bad years?

• Autores: Siobhan Lismore-Scott
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 545, 2013
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "The traditional equity sources are not there right now," he added. "There is a lot of money sitting outside the market waiting for a bit of market stability before they come back in - and so the junior mining companies are having to access capital from what they call'non-traditional sources'." "A lot of these companies have really good assets that are trading at a fraction of their net asset value, so if you're trading at.4 of your value, a stream company, such as Sandstorm can come in and pay you.8 or.9 of your asset value, which is created to shareholders. This is one form of financing I have seen and what that does, typically, is increase the equity," [Mark Reineking] said at Mines & Money.

    "You don't just rock up to the conventional fund market and say'here's your lucky chance'. You need to come in off a long run. You need to prepare, know the investment community and present your story at a time when you don't need money to get ready for the time that you do. And, over and over again, people don't seem to want to do that," he added.