NUP 0.00% 1.5¢ nupower resources limited

Cheers zachary,its been a while since Ive personally spoken with...

  1. 27,274 Posts.
    lightbulb Created with Sketch. 82
    Cheers zachary,its been a while since Ive personally spoken with Andrew.
    He was talking about putting the DSO into containers for transportation as opposed to bulk.
    Maybe we may have to cut our cloth to suit,and go down the path you suggest.


    Junior miners face struggle to obtain funding

    'I think it is a big concern amongst the junior and listed companies; junior companies that need the cash to keep going are currently battling to find interest from investors," he said.

    ''If the market doesn't improve and people can't raise capital, they have to then curtail all their exploration activities and some of them will need to downsize and reduce the number of personnel."

    The Association of Mining and Exploration Companies' CEO, Simon Bennison, agrees junior companies will struggle to secure funding.

    "There is no question that the global economic situation at the moment is creating serious uncertainty and that is going to impact on the financing, not only on new initial public offerings, but also with existing operations looking to expand their exploration programs," he said.

    Mr Bennison says markets are reacting badly to the economic uncertainty and there are fears commodity prices will tumble again like they did during the 2008 GFC.

    "There are some predicting that unless Europe gets its act together we could very easily go through something similar," he said.

    http://www.abc.net.au/news/2012-06-04/junior-miners-struggle-to-obtain-funding/4051092

    Raider

 
watchlist Created with Sketch. Add NUP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.