'Wall of money' coming into mining

PROMINENT figures in Perth’s mining investment community have spoken of the extraordinary opportunity facing the resources sector right now.

'Wall of money' coming into mining 'Wall of money' coming into mining 'Wall of money' coming into mining 'Wall of money' coming into mining 'Wall of money' coming into mining

Speaking on a WA Mining Club panel yesterday, PCF Capital Group managing director Liam Twigger said the key barometer for risk in the market was initial public offerings.

"They're like a protected species in some respect," he said.

Twigger said the bottom of the market was January 2016, with 18 IPOs that year and 24 in 2017.

"This year we've come out like a bull out of the gates," he said.

There have already been six resources listings this year - averaging one a week.

Twigger said BDO's Sherif Andrawes believes his firm might do 20 IPOs this year on its own.

In 2017, on mining IPOs and placements, the smaller AS...