RE:RE:RE:RE:BUILIDING SHAREHOLDER VALUE and cash flowWith no disrespect sawtooth, I feel you underestimate the effect junior's are experiencing directly from outside negative influences. Here is an article I earlier posted. Not much has changed since April. As you see, the selloff is not being discriminate, and it is affecting all aspects of the mining industry. That being said: What a time for value shopping. There are good stocks like Vms that have hit all time lows, but what a time to scoop them up. V.SMD strategic metals is one that is another favorite of mine. Deeply discounted. The tide will turn, in the meantime, its good to take advantage of the opportunity. Vms will reap millions in a solid joint venture deal with Hudbay Minerals.
Painful slide continues for junior miners, explorers
Widespread shareprices losses continue to nip at the heels of juniors of all stripes.
Author: Kip Keen
Posted: Wednesday , 17 Apr 2013
HALIFAX, NS (MINEWEB) -
It was another murderous day for junior miners and explorers on Canadian exchanges with more heavy shareprice losses after several days of frenzied trading.
There was no obvious pattern in the selling. All types of miners were falling, open pit and underground operating with diverse cash costs. The same was true for explorers both large and small, resource holders and non resource holders fell.
If there was liquidity in a junior stock, chances were it was not moving its shareprice in a favourable direction. On the whole, the TSX Venture continued its downward spiral, down 4 percent to 921.74 at presstime, late in the trading day.
According to the TSX there were 194 advancers and 572 decliners on the Venture. Of the 20 mining-related companies with marketcaps over C$100 million 14 were in the red today, down by between 1 to 13 percent.
Here is a selection of juniors, chosen for no particular reason, that shows the deep shareprice losses across mining and exploration categories.
Junior gold miners
Brigus Gold - down 7 percent
Lake Share Gold - down 1 percent
Kirkland Lake Gold - down 8 percent
Rio Alto Mining - 8 percent
Osisko Mining - down 12 percent
Junior silver miners
Fortuna Silver - 11 percent
First Majestic Silver - down 6 percent
Silvercrest Mines - down 7 percent
Perseus Mining - 5 percent
Alexco Resource - 3 percent
Junior/midtier copper miners
Capstone Mining - down 5 percent
Nevsun Resources - even
Copper Mountain Mining - down 8 percent
Taseko Mines - down 7 percent
Rambler Metals and Mining - down 2 percent
Explorers under C$100m
Superior Copper - even
Wolfden Resources - down 7 percent
Calico Resources - even
Roxgold - down 4 percent
Mirasol Resources - down 6 percent
Explorers over C$100m
Premier Gold Mines - down 7 percent
Lumina Copper - down 1.3
Pretium Resources - down 6 percent
Copper Fox - down 5 percent
Santacruz Silver Mining - down 11 percent
Topics: junior gold stock, mining, market news, silver news, exploration, gold, silver, copper