gents,
we certainly are seeing a shakeout in resources.Even some(not the big ones)iron ore companies running on a true clear 50% margin over costs are being hammered.
A few Gold deals collapsing in the last week.
Apex ---- Wiluna sale
Apex ---- second site sale now $5m instead of $15
Reid resources ----MOU re sale of highgrade mine and closer to home in the same deal a 1% royalties on on everything McPhersons takes from Kalgoorlie falls thru.
Needless to say much more mining site debris is stacking up around the place awaiting someone to pick the eyes out of what's available for a lot less than last months price .
Anyone got a few more names to add?
fitnfam
focus minerals, page-2
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