News - Prospector's Diary

When the going gets tough, gold gets going.

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Cash news, rather than exploration news, commanded the most interest on the Australian stock market over the past week with a flood of pre-Christmas capital raisings as small miners rushed to capitalise on strong investor-interest in the resources sector.

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Battery metals, including nickel, a born-again base metal which has found a new meaning to life, starred on the Australian stock market last week, but the big news for mining investors was actually occurring 15,000km away in London.

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Explorers and mine developers rushed to fill their Christmas stockings with cash this week as investor enthusiasm for resources continued to grow, perhaps aided by the return of a widely discredited term: “super-cycle”.

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Pilbara gold and an overdue revival of interest in nickel were highlights of the past week on the Australian stock market

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It was a tale of two markets in the resources sector of the Australian stock exchange this week with the top end sagging and the bottom end on fire, especially battery metals, where cobalt burned brightest.

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Conglomerate-hosted gold in WA’s Pilbara region remained the favourite of speculators on the Australian stock market over the past week, with lithium a close second

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The Pilbara gold rush reached fever pitch this week with some explorers exposed to the “conglomerate nugget” theory doubling in a day, perhaps influenced by a well-timed television promotion at the annual Denver Gold Forum in the US.

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Upcoming Events

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5th Dec 2017

Resources Rising Stars Summer Series - Sydney

For the first time in 2017, Resources Rising Stars is expanding its highly popular events program to include a full-day investor conference in Sydney.

7th Dec 2017

Resources Rising Stars Summer Series - Brisbane

For the first time in 2017, Resources Rising Stars is expanding its highly popular events program to include a full-day investor conference in Brisbane.

29th - 30th May 2018

Gold Coast Conference

The 2018 Resources Rising Stars Gold Coast Conference will be held on Tuesday 29 May and Wednesday 30 May 2018 at the scenic RACV Royal Pines Resort on the Gold Coast.

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