For as long as I can remember over the past four decades … ‘Mining Company’ … is basically a joke phrase people use to let others know that they are either throwing away their money, about to lose money or are preparing to steal money … and it seldom has anything to do with mining resources from the ground.
This is inherent in most financial systems, particularly in resource development
You have penny stocks on the stock exchange, which people try to lure unsavvy investors
You have junior oil and gas companies that drill baby drill when times are good and then go under, leaving Alberta alone with 173,000 ophan wells in need of capping and reclamation
Same with mining as the article points out, but generally they follow more of the junior O&G route.
Then you got real predatory companies like the zombies in both realms.
Any small company is a huge risk for investment. Even big ones don’t get it right.
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