AUSTRALIA

Zombie juniors march towards fiscal cliff

A NUMBER of explorers have already collapsed under the weight of too much debt and too little activity this year, and the outlook for the remaining juniors on the Australian Securities Exchange does not look promising with almost half unlikely to make it to year's end without a cash injection.

Zombie juniors march towards fiscal cliff

The past year's role of dishonour includes Kea Petroleum, Crestal Petroleum, Marion Energy, Sino Australia Gas and Oil, Red Fork Energy, Liberty Resources, Galicia Energy Corporation, New Standard Energy,...

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