Little interest in buying ASX miners

SELLERS were again in the ascendency in the resources sector with the Metals & Mining index showing a drop of nearly 1.2% on the ASX 200.

Little interest in buying ASX miners Little interest in buying ASX miners Little interest in buying ASX miners Little interest in buying ASX miners Little interest in buying ASX miners

Metal prices were less than encouraging and stocks followed suit with few at the top end of town in positive territory.

Leader Canadian-Australian gold miner Kirkland was traded lightly, while the next best, OceanaGold, yesterday reported good exploration results.

Among the juniors, approval for the Jindalee Resources (JRL) makeover as a North American lithium play continued to attract investors, albeit the 43% gain in late trade was not achieved on large turnover. Indeed quite the contrary.

It was a similar market situation at iron ore junior Athena Resources (AHN), although its gain of more than 40% was on even weaker turnover than that seen at Jindalee.

Another in the smaller capitalised space being bought-up was Senegal-focused phosphate junior Ave...

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