Financing Trends, Trouble In Paradise

  • Investors' interest has revived in the mining space since the slump of 2008/9 but it is not what it was.
  • Strong gold performance(hitting new highs) and copper and silver being back in highly economically viable price ranges lay the groundwork for sustained earnings provided financing improves to bring new mines to production
  • The financing market is not as free and easy as it once was. ┬áThe absence of the "erpetual upward motion" in stock prices means that the old pre-2008 model is damaged and maybe irreparable
  • The IPO market may not recover for five years or more until the excess of shells and moribund miners have been fully recycled or taken over