I think it has got a lot to do with the change in government. Afterall the New Pm, Mr Abott said he is committed to seeing the mining industry rebuild again, after lagging investment, and stifling red tape restrictions, were put in place by the previos the Labour-Green Government. CAPEX expenditure by miners came to a grinding halt. He plans to cut regulatory hurdles, adminstration, permit costs. And also said that Junior mining companies could possibly claim a tax credit in the future of up $100 m for their drilling costs. This policy doesnt take place until next July.
Big Capital inflows could be coming back in to the ASX as we speak. And this could be from Asian investors: Singapore, Hong Kong, China where a few years ago 1/3 of all daily trades came from this region.
It would be great to see the market run again like a large Bull running across the paddock. As its certainly be a very quiet few years for juniors and small mid cap mining stocks recently. Maybe times and sentiment is changing.
There is a new article on Trafford in this month's Resource Stocks Magazine at your local good newsagent. Finchy talks about the exciting Tin project.
Cheers
TRF Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held
