(0)
March 27, 2013 06:24 pm
Just spent some more time looking at comparables and small producers as well as the huge number of juniors with next to nothing in the bank and no way to attract any investment dollars.
This slowdown will weed out all the weak and underfunded, as well as stop the flow of "newbies" who all of a sudden became explorers when $$ were easy to find.
With the sector this downtrodden, we can only hope that once things start to turn around, SA is in a position to garner enough interest from the money that will pour into this market. WE have to be close to a bottom now.
Wjhat with all that nasty stuff happening in the EUROZONE and the clear indication that funds in banks may not be safe when the s--- hits the fan, one can only wonder how long it will take before investors flock back to gold,silver.
cheers,
Vwig