Investors snubbing juniors
WHILE the recent Noosa Mining Conference in Queensland was abuzz with investors considering their options, there was a notable difference in sentiment towards larger companies as opposed to juniors. Keynote speaker Lion Selection executive director Hedley Widdup said investor sentiment had been low towards juniors since 2018. “In 2018 something broke. It is very difficult to raise money in the junior sector at the moment,” Mr Widdup said. “Investors are not only not buying, they are also selling, so there has been a wholesale movement away from the junior space.” Mr Widdup puts this partially down to the fact that being pre-production means juniors are harder to value which makes them hard to price – so why wouldn’t investors jump…