The Oreninc Index five-week moving average fell to a year to date (YTD) low and the lowest level since last August for the week ending June 13, 2013. Unfortunately for junior resource companies, the financing market is still two months away from the bottom of the traditional yearly cycle. Expect to see many more desperation financings as the summer continues and don’t be surprised if there aren’t as many drill results being published come the Fall due to exploration money not showing up yet this year.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX resource sectors. Visit http://oreninc.com to see which companies and sectors to watch. Oreninc also writes custom reports for companies on effective capital raising strategies to help companies maintain long-term shareholder value.
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