Cordatum Associates, a London-based consultancy firm, will be a global sales agent for Oreninc’s unrivaled research and data on financings in the Canadian natural resources sector. Further to the deal with...
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This year's PDAC saw a plethora of exploration-stage mining companies, but prospects for the year ahead suggest a "purge" of these companies due to vanishing capital. Hundreds of them came to seek financing, but found there was less cash and more competition. Oreninc, described as "a firm that tracks financing activity in the sector", is a source in this Thomson Reuters article from its Mining PDAC report, Survival of the Fittest.
Full article reproduced below with permission from Thomson Reuters' correspondent Euan Rocha. See the original article here (page two).
By Euan Rocha
Toronto, March 6, 2013
© © Thomson Reuters 2012. All rights reserved. 47001073 0310. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. ‘Thomson Reuters’ and the Thomson Reuters logo are registered trademarks and trademarks of Thomson reuters and its affiliated companies. 1
The Canadian junior mining industry has been struggling over the past year, but Reuters’ Euan Rocha reports a “brighter macroeconomic outlook” for Canadian miners and explorers. Rocha features information from the Oreninc Deal Log in his analysis of the state of the industry. The following is a reproduction of the Rocha’s article; the original can be seen here.
Analysis: Canadian miners see signs of thaw in equity financings
By Euan Rocha
TORONTO I Thu Oct 4, 2012 12:31pm EDT
A sudden squall of equity deals arranged for Canadian junior miners signals a potential thaw in a year-long freeze on new financings that has held back the pace of mining exploration.
Over the past year, the flow of bought deals - a type of equity financing commonly used by early-stage miners in Canada - slowed to a crawl as the euro zone debt crisis and a pullback in emerging economies fueled market uncertainty.
Advanced Explorations Inc. (AEI), a partner of Roche Bay plc, delivered the first feasibility study on the Roche Bay Magnetite Project on Friday. As the CEO of Roche Bay, I have spent 12 years of my life working on the Roche Bay Project. What follows is a commentary on the significance of the feasibility study, but keep in mind I have a biased point of view. Roche Bay and Oreninc are both actively involved in this project, so we urge you to verify the information and ideas I present here and form your own opinions.
Over the last few months, it seems as though very little of the news coming from junior companies has been viewed favourably by the general market, as evidenced by AEI’s share price crash. Overall, the natural resource capital market is at its lowest point in recent history. Unless a project delivers credit card-level IRR’s and a Capex that can also be financed on a charge card, there seems to be little demand for shares on the TSX-V.