But not of any significance really. Only 400 k shares traded. See if it makes much difference when they get the full 80% shares sorted and signed over, for springhill Thr are short of money to go into production. When eventually they do go into production. That's when we will see a difference. WHEN !!!!
Any buy under 0.30p are Definitely bargain basement. At the moment it's less than the last buy in. When this moves again it will fly to 0.3p that from this level is about 40%. That can easily happen over night. I reckon someone stocking up on them a mill here and a mill there. Time will tell. Zeps
Morning mate. Good post, very interesting reading. Hope this gets a shove in the right direction with finance. It's well needed. The only problem is dilution. Which there has been quite a bit over the last 2 years. Atb zeps
The Australian Institute of Geoscientists said Wednesday the Federal Government’s announced tax breaks for junior miners could be the lifesaver the sector has been waiting for.
According to ABC News, 19% of geoscientists are currently unemployed, compared with fewer than 2% three years ago.
And while the group acknowledges that mining employment is cyclical, it said it hopes the Exploration Development Incentive will help to improve job prospects for its mining industry members.
In recent months, several junior miners that had been hanging by their fingernails have gone out of business. This hasn’t surprised experts, especially Sprott Global Resource Investments chairman Rick Rule, who last year made a few waves by saying that most of the 800 junior miners listed on the ASX were worthless.
But market conditions are improving and exploration firms should soon begin to see the light at the end of the tunnel. Quoting Mining Speculator publisher Greg McCoach’s words: “when the market does recover, it is going to be a screamer
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