I got a briefing from the Fund manager over at Perennial Natural Resources yesterday. Here are a couple of the most pertinent slides.
Basically what he's seeing is funds inflow into resources funds the big Kahuna's turning around.
He said that when we see the number for funds inflow April it will be higher (the average sector 50 graph). He would know. In fact they are doing a road show on it as well.
Got me so excited I nearly rushed out and invested more but I realised he's preaching to the converted.
Anyway, I asked him the question (on your behalf ). What price does Cu have to get to before explorers get funded?
He said at $4.50 it's already there but no one is finding any (!!!- My emphasis).
Cheers
As
I got a briefing from the Fund manager over at Perennial Natural...
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