The Canadian junior market is acting like gold is at $400 and oil at $35. Investors are selling shares to put food on the table. Here is an example of no interest in the gold juniors:
Riverstone withdraws $15-million public offering
2011-05-17 16:51 ET - News Release
Mr. Michael McInnis reports
RIVERSTONE WITHDRAWS PUBLIC OFFERING OF COMMON SHARES
Riverstone Resources Inc. will not be proceeding with the proposed public offering of common shares in the capital of the company, the terms of which were outlined in its news release of May 9, 2011.
Riverstone will continue to advance exploration on its Karma project in Burkina Faso with available funds.
We seek Safe Harbor
1 comment:
This is a very good point. I think the junior resource market has been hard hit this spring. The "Sell in May and go away" selloff has started early. Also the tsunami and tragedy that struck Japan earlier this year has placed a heavy downward pressure on all stock markets.
Post a Comment