CAPITAL MARKETS

Volt withdraws information

Wider implications emerging for junior sector

Michael Quinn

This article is 9 years old. Images might not display.

The withdrawal followed market authorities having concerns with Volt’s “reporting of a production target or forecast”.

The concerns with Volt are part of a wider crackdown begun by authorities last month on so-called “forward looking statements” made by companies in the resources sector.

In simple terms, it seems a situation is emerging whereby unless resource companies in the ASX have strong proof that what they are trying to do is eminently achievable, they must be publicly mute.

This would suggest the market landscape for juniors and investors is set to significantly change.

Certainly in terms of the process of fund raising, given proof of a project’s veracity often takes years to emerge on the back of ongoing exploration, testwork and economic studies – all of which doesn’t come cheap.

The question is, does this mean potential investors will be effectively asked to back juniors on little more than a ‘trust us, this project looks good’ basis?

Will the better resourced investment end of town enjoy even bigger advantages over the retail market?

Will a ‘black market’ of project information emerge in the background?

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence’s Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.