[miningmx.com] – THERE was little value in mining shares this year as metal prices would lower and companies prioritised lenders rather than shareholders, said Bloomberg News in an article republished by BDLive.
Citing Investec Securities analysts, Hunt Hillcoat and Marc Elliot, Bloomberg News said
mining firms were also selling valuable assets and ending dividend payments to generate cash.
“Bondholders are now the priority, and promises by some companies to pay down debt are effectively made at shareholder expense,” the Investec analysts said. “There is little reward for equity holders.”
Click here to read the full article
