Follow the Majors ?

Hedley Widdup

Lion Selection Group

Whenever I bump into mining acquaintances at conferences, events, even in the street, the conversation usually starts with "how are you ?". I am getting tired of hearing "I'm good, market is still crap though...". I'm beginning to think people are just so used to saying this that it's become a habit. In the last few weeks we have seen media reports paraphrasing remarks of several the leaders of various major miners which indicate they now have teams assessing acquisitions once again. There is also the shadowy specter of Private Equity money which is clearly well funded (Mick Davis' X2 reports US$5.6B of commitments). An acquisition by a major miner would break a trend of more than two years of being pure sellers, and mark a change of pace in the mining sector. It won't signal we're back in the boom, but it will tell us we are well on our way - and if the media is to be believed, it may not be that far off. You can find the rest here: (VIEW LINK)

1 topic

Hedley Widdup
Lion Selection Group

Geologist, mining investor, watchful commentator, bicycle collector and father of three.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment