Replies to post #16165 on Wolverine Resources Corp (WOLV)

[Dobie Lama]

Money is very tight in the junior exploration sector, no doubt about it.

WOLV like most juniors, has faced difficulties in securing funding. But......I would be buying at these prices.

Total equity capital raised by miners on the Toronto Stock Exchange and TSX-V in the first two months of 2013 dropped 58 percent to C$558 million. That's down from C$1.36 billion in the first two months of 2012, and C$2.46 billion in Jan-Feb 2011.
Even more worrying, the average offering raised only C$2.9 million this year, down from C$4.6 million in 2012 and C$9.7 million in 2011. Much of that will be used to pay listing fees, bankers, lawyers, auditors and other overhead costs, leaving little to fund a drill program and generate value for investors.