From the AFR comes some sense at last:
The managing director of Denham Capital, Bert Koth, also defied optimists who have called the bottom for commodity prices.
“We believe we are still two years away from the bottom and then we are going to stay there for at least four to five years,” Mr Koth said. “The market is still a falling knife.”
…”The reason we have a funding crisis [in the resources sector] is because the people who put their money into the public markets have lost it,” he said. “Private equity is not going to close the funding gap.”
Unless they want to lose it of course.