On Monday IRD published a reply to an article that was posted on Goldseek.com which theorized that capital was going to stop flowing to the junior mining stock sector because of the changes occurring at the GDXJ and JNUG ETF: No, The Junior Mining Stocks Are Not Going To Implode.
In that reply I stated that, in the course of doing research for the Mining Stock Journal, that several junior mining stock CEO’s had recently told me that there was an enormous amount of capital coming into the sector from sophisticate pools of institutional investors and strategic players (other mining companies, private equity etc).
This morning the ‘proof of concept’ in my commentary was offered when Sandstorm Gold and Mariana Resources announced a merger deal – this update was sent out to Mining Stock Journal subscribers:
Mariana Resource / Sandstorm Merger Proposal
In the December 22, 2016 issue, I presented Mariana Resources. At the time of publication the stock was at $0.82.
This post was published at Investment Research Dynamics on April 26, 2017.
Follow on Twitter
Recent Comments