changes in the industry financing environment
DESCRIPTION
John A Robertson, Director, from E.I.M. Capital Managers delivered this presentation at Mining the Territory 2012. For more information on the annual event, please visit www.miningnt.com.au/TRANSCRIPT
Changes in the industry financing environment
E.I.M. Capital ManagersAFSL No. 216989
Mining the Territory
Darwin
September 2012
Introduction to E.I.M. Capital Managers
Australian-based equity fund manager
Specialist in resources sector investing
Retail fund & customised resources sector portfolios for professional and institutional investors
Conduit from Australian retail investors
Emphasis on ‘positive value momentum’
Foreign
Investment
Falling
Development
Share
New Capital
Sources
Retail
Support
Retail
Structure
Changes
Income
Returns
Value
Scepticism
Unimaginative
Funding
Expanding
Value Gap
The Future
Greater reliance on Chinese funding
development decisions based on
Chinese strategic needs
Governance risks
Loss of takeover premium
For others, a compelling investment
argument
Customised investment offerings
An exploration-incubation model