Smart Money recently moving to Jr & Mid-cap Mining co's -- read last 6 words
posted on
Mar 07, 2009 11:43AM
Now Consider The Smart Money:
So where has the so-called “Smart Money” been moving over the 3-4 months?
Contrary to many retail investors knowledge it’s been flowing quite substantially into Private Placements and “Bought” financings in Jr & Mid-Cap mining Co’s. Consider that roughly speaking, over $400 M has been laid out in this sector over the recent 4 months, much of which has gone into the Jr’s with Gold & Base Metal projects of merit. Why is this happening when the mining sector is at what “appears” to be an all time low in terms of confidence & interest to the general investor? Because it ‘IS’ smart money and not unlike the continued investment in the Oil/Gas exploration sector, those who are quietly investing this money in Base Metal miners see what many don’t, and are just too nervous because of all the negativity out there.
I could give a long list of some of the co’s that have completed P/P’s and bought deals since Sept /08 up to the end of Feb/09 for those who want names but this editorial would become far to long. Let’s just say there are over 30 Jr’s in the mining sector that I found with little effort, all of whom have completed their Financings & P/P’s with no difficulty.
Most of these recent Jr financings have been in the range of $100K to $300-$400K and even a few whom garnered much more