By Dominic Frisby
MoneyWeek (UK)
I spent some time yesterday and on Tuesday wandering around Mines and Money, London’s biggest mining conference.
The junior mining sector is extremely depressed. Share prices have been badly beaten up, costs are rising, and the outlook for mining’s saviours — China and higher metal prices — is grim.
On top of that, management at junior miners has an unfortunate tendency to do colossally stupid things.
So is there any hope for the sector? I think there just might be — and that’s what I want to look at this morning.
There was barely a London-listed company at Mines and Money. That says a great deal about the poor quality of Aim (London’s Alternative Investment Market).