There is a limited amount of capital in Australia for Exploration and Mining, and that capital is "Hot Capital" in that it moves very quickly and is always searching for the latest hot thing. When it comes to investing in Mining Infrastructure and Development it is not prepared to wait. Therefore junior companies with good projects either die on the vine for lack of funding or interest. In the case of ARU which I discovered 30 years ago and is a true world class deposit it still does not have its first hole in the ground.
The Gold sector is easier to fund as in most cases it is just dig it up and sell while other resources struggle to develop off take agreements and end user relationships based on some understanding that there may be a mine and process plant in the future and this does not fit the business models of manufactures and end users as they require a 100% guarantee of raw materials.
Until either large sources of stable capital or the Government are prepared to fund processing infrastructure the mining industry in Australia will struggle and be dominated by those companies with large free cash flows or supported on a stable basis by private equity which has invested for long future stable returns.
- Forums
- ASX - By Stock
- COD
- A general question about junior mining in Australia
A general question about junior mining in Australia, page-4
Featured News
Add COD (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
-0.010(6.90%) |
Mkt cap ! $23.6M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $33.50K | 241.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 62950 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 89322 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 62950 | 0.130 |
3 | 35000 | 0.125 |
3 | 126817 | 0.120 |
3 | 42239 | 0.115 |
3 | 74545 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 89322 | 2 |
0.155 | 49729 | 2 |
0.160 | 15000 | 1 |
0.165 | 100000 | 1 |
0.170 | 39055 | 1 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
Last
14.0¢ |
  |
Change
-0.010 ( 3.45 %) |
|||
Open | High | Low | Volume | ||
14.0¢ | 14.0¢ | 14.0¢ | 49800 | ||
Last updated 14.38pm 30/05/2024 ? |
Featured News
COD (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online