Can anyone explain to me why, with "Home Court" advantage and practical on the ground familiarity, no Australian Mid-Cap players are entering the conglomerate plays. I exclude the huge majors because they have the means to take a stake at anytime, they'll pay more for a comfortable investment.
But for a Mid-cap, now would be an ideal time to enter before they get priced out. I sit here and watch Novo and KL slowly extending thier tentacles, while Eric S finances Canadian juniors to buy land in the Pilbara (Pacton). Just a guess on Pacton but further Private Placements to quickly follow by one of the 3 amigo's. (ES, KL, Novo).
Rinse and Repeat with a different Canadian junior.
I could be totally off the mark, or maybe it's just timing, and too early. Too many Companies sitting around thinking grades on a few bulk samples are the whole game. Meanwhile, ES, Novo and KL are the only one's playing the real game with the exception of DEG and ARV.
Go figure!
Sincerely Stumped.
Pacton, page-2
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