Oreninc Index Strong During PDAC Week
The Oreninc Index showed strength for the week ending March 6, 2014. Total dollars announced rose to $298.9m, its highest level in almost two years. Brokered and bought dollars announced also had stellar weeks, announcing $248.9m and $213.6m respectively. This was a standout week. In addition to one large deal, some impressive mid-range financings increased the weekly state of the market, a rarity in the last year. While this week’s performance is likely due to companies wanting to announce their deals during the week of the PDAC, the fact that management feels they can raise this much cash gives us some optimism as we head into Spring.
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