In This Issue
UK election result and possible tariff cuts on Chinese goods take the spotlight
Politics seem to be heading the direction that the markets would prefer with talks of lifting tariffs on Chinese imports into the USA and the Tories winning power in Britain, but tomorrow could be another day. While the market is slowing in the lead up to Christmas, there is still a scramble by a number of companies seeking funds before the Xmas shutdown.
I recently gave a paper at a 121 Conference that highlighted issues for companies raising money in the small mining scene. This is directed more for company executives, but it may be of interest to others. It is the second attachment in this email.
The Dos and Don'ts in Raising Equity Finance
Raising equity funding for exploration and mining companies is a condition precedent to a company starting business, and it is equally essential in keeping these companies alive. Nothing happens without funding. Given probably 95% of all companies on the mining bourse never make it to production and positive cash flow from operations on a sustainable basis, it could be said that the skill in raising high risk equity funding is the most important talent for the modern CEO. Yet, very few CEOs excel at this task. Why is that, and what can be done about it? What are the ten commandments in raising equity that CEOs and CFOs need to know?
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