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PCF Capital Group

  1. tobyjack

    9,236 Posts.

    I see nectar38 is still clogging up the last thread with out-of-date, rainbow coloured nonsense, so opening up a new thread - hopefully he doesn't do the same here.

    Noticed this article - PCF if I remember correctly was appointed by IDC as corporate advisors. Not sure if they still are, or if any of this is relevant to IDC but hopefully for holders they are looking at IDC also - certainly falls under the "cash/capital starved" category...............................................

    US, Canadian private equity firms hunt ASX gold companies

    Date February 16, 2015 - 12:46PM
    Amanda Saunders
    Cashed-up mining specialist private equity funds in the United States and Canada are preparing to buy into gold projects held by ASX-listed juniors starved of capital and funding.

    The North American funds' interest in Australian assets follows a flurry of equity raisings in Canada last month, which saw US-based private equity firms pitch in almost $100 million.

    Liam Twigger, managing director of Perth-based resources advisory firm PCF Capital Group, said funds were looking at deals of $50 million to $100 million in the Australian gold sector.

    "North American private equity funds are coming through with some pretty attractive proposals for some of the better gold assets that are seeking funding", he said.

    "The market has picked up in January and we've seen a flood of interest from these funds."

    The firms were hunting projects that were in production or have the potential to produce cash flow within a year or so, but have been unable to get up amid depressed gold prices.

    "They are not passive, they want to be partners with influence," Mr Twigger said.

    "They will look to earn a majority stake in the project but they recognise that companies need to raise money to stay alive so they will take some equity as well.

    "We would see that the deal size is $50 million to $100 million – there seems to be very strong appetite there – but they [the funds] will talk up to $500 million."

    Read more: http://www.smh.com.au/business/mini...-companies-20150216-13ea0e.html#ixzz3RsdCuzYf

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