News

February 04, 2009

Fancy-Looking Numbers Support The Combined Stakebuilding In Jupiter Mines By Red Rock Resources And Pallinghurst

By Charles Wyatt

To kick off this year we published a story entitled: “Directors of Junior Mining Companies Have To Improve Communications In Current Conditions: Not Hide”. It was aimed at all those who were more intent on ensuring they had enough money in the kitty to pay themselves, rather than making an effort to improve their company’s rating. Now it is becoming ever clearer that those who announce a bit of good news and keep their heads above the parapet do get rewarded by a higher share price and in turn enables a growing number of them to consider an equity fund raising. The price may have to be at a discount to the ruling market price, but that at least won’t be comparable to the rock bottom prices seen towards the end of last year.

At the same time we suggested that company directors, who are, after all, the most effective and knowledgeable promoters of their company, should make personal contact with Minesite when they had something worth saying. All too often this is left to public relations people whose lack of knowledge of the companies they represent often comes as no surprise to Minesite journalists. Andrew Bell of Red Rock Resources, was one who reacted to this advice by ringing up Minews (w:01797 270014; m:07836...