Summer's first swallows - Lion Resources Clock ticks over to 4:30

There is a growing evidence that the market for miners is beginning to thaw, equivalent perhaps to several swallow sightings - and a change of season for miners. Sentiment towards miners has palpably improved from early 2014. Miners are demonstrating cost discipline, mid-tier miners are acquiring projects, there is (scrip based, primarily) M&A taking place, and fund managers are once again taking meetings with miners. Mining equities have been weak, thanks largely to commodity price weakness - but despite this, select junior companies can now raise funds, and investor interest has clearly improved. Valuations have been bouncing along the bottom and the majors are selling to pay down debt, so conditions are ideal for well-priced acquisitions, which is exactly what we we see the mid-tier miners doing. The less sophisticated broader market likely requires more time, and perhaps a catalyst to re-enter the mining space, however the concept that miners now display good value appears to be spreading. Reflecting these improvements, the Lion Clock is now at 4:30. Full article is at (VIEW LINK)