Kris Spirit coffee town trailer Northland Resources ejected from the Toronto Stock Exchange headfirst. But Pajala mine hope is not the only company affected by the exchange's horrible hangover.
The recent high commodity prices have fueled interest among Swedish investors for the Exchange's mining and exploration companies. But after the initial boom, it has been flat case in exchange for the Swedish mining Shop.
- You should stay away from all forms of strange commodity projects. Northern Resources, Lappland Goldminers coffee town trailer and so on. It's a bit like the U.S. in the 1800s during the Gold Rush. The only one who got rich was Levi Strauss and he made jeans, said Carnegie Fund Manager Simon Blecher said in a statement last week. And he is not alone in the criticism.
Yesterday it became clear that the mining company Northland Resources coffee town trailer after some dramatic weeks ejected from the Toronto Stock Exchange, as the company no longer meets the exchange's coffee town trailer listing requirements. The delisting is a result of the company's acute shortage of capital and to put his three Swedish subsidiary in receivership.
- Can we before March 18 to present an update on the financial situation can trade resumed in Toronto. Today we are in discussions with several financiers, says Anders coffee town trailer Antonsson, Director of Investor Relations at Northland Resources.
Northland Resources has difficulties filling coffers had devastating consequences. The problem is not unique to the company, and last Friday came the news that even competitor Dannemora Mineral plot at checkout. The announcement coffee town trailer received the company's shares to plummet by 40 percent in just one afternoon. Since Dannemora listed coffee town trailer on First North, the company has lost more than half its share value.
- Many companies jumped into the stock market around 2006-2007, and several saw their values rise sharply in the early years. coffee town trailer Since it has gone downhill. I would liken it to the dot-com bubble, with the difference that in the mining sector, there are gains to be made. The problem is that they are very far into the future, says Avanza savings economist Claes Hembergsvägen. Heaviest is the case for Northland Resources, has lost 99 percent of its market value since its listing in 2006. Company Nordic Mines has fallen by 88 percent since listing and Wiking Mineral by 98 percent. Lappland Goldminers coffee town trailer and Sotkamo Silver has fallen by 69 and 94 per cent since they took the plunge in the stock market.
There are recent high world prices for metals is behind the new generation of mining companies. The ore is found in the mountain, there is no doubt, nor that there is a market for the finished product. Boliden and Lundin Mining keeps going, and for several of the newly established mining companies have price performance periodically been explosive. But after the initial optimism, the case has been heavy.
- When prices rise above a certain level it looks profitable on paper, a few years after it had launched projects will discover often that costs are higher than expected. After a while you get tired of the investors, and that's why the share price as it does in the companies, says a mining analyst SvD Business talked to.
Northland Resources, at 09:48 NaN% NaN CAD 1 month: -19.20% Turn of the year: -58.35%, P / E ratio P: -0.07
Feel free to have your say on SvD.se. Our rules are simple: to show respect for the people we write about and other readers who comment on articles. All comments are moderated coffee town trailer after publication of SvD or of us hired staff. You can enter up to three comments per article. Read the rules in their entirety Sincerely, Maria Rimpi, director SvD Business
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Latest news 20:06 "Better call me fiasco pelle" 19:00 China stops five million cars 18:12 "It feels incredible, coffee town trailer incredibly wonderful" 18:11 Getinge raged on rising stock market 18:06 Metro puts down the paper's editorial 18:05 So was Rapunzel of Sweden a real success story 18:05 "A good role model for young '0 1 2
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