Joke Mining industry veterans eyeing Thursday’s market selloff are forecasting a shakeout at the speculative end of the market as financing for mineral exploration dries up.
“If you are a junior mining company in the exploration world, you will probably have a very difficult time raising money, especially in a volatile market,’’ said Joe Mazumdar, a senior market analyst with Haywood Securities in Vancouver.
Mazumdar said it means investors with an appetite for risk will soon be looking around for cashed-up companies, with projects in low-risk jurisdictions that are already financed and headed by management teams with a proven track record for exploration and development success.
This is not good for KG as they dont have a pot to piss in, and where the hell is Lone Star going to get the money?
Ever try reaching this outfit during business hours, all I get is voicemail and unreplied e-mails.
This company is a joke