In a lengthy bear market for mining stocks, there have been repeated calls by pundits for the culling of hundreds of companies that have been unable to raise new money or generate shareholder value. This piece of the capitulation process, some say, is what is needed to put confidence back in the market so that the bull cycle can start again.
$2 Billion In Negative Working Capital, A Miner Problem
For more reading on this subject, there have been several articles written by both The National Post and CEO.ca.
Extras: The full worksheet of 589 companies and Tony’s 44 comments
