PODCAST - How Eric Sprott is helping
Sentiment is turning and the market continues to improve for juniors, said Kai Hoffmann, CEO of Oreninc, who spoke to Kitco today.
The index has recently gone quiet, but Hoffmann said signs are improving for more financings.
There's been a lull after the two big September gold shows, and a consequent flurry of deal-making. Hoffmann said activity should pick up again.
Looking forward Hoffmann noted that the Precious Metals Summit in Zurich, which runs in November, has companies that exited the precious metal market now starting to return. Hoffmann said a couple of asset management firms are attending, and they want to meet with companies.
"I think that is a positive. We are just not there yet to get them to buy," said Hoffmann.
Hoffmann notes that legendary mining financier Eric Sprott has been very active, which has been supporting the sector. Hoffmann reported that between May and September of this year Sprott invested a total of C$176.7 million in juniors.
"He is spreading the wealth a little bit," said Hoffmann.
"The money that is going into the sector is positive, and other people see that as a sign of good faith."
Listen to our interview with Kai Hoffmann.