EVERY Christmas a Chinese lady, also a shareholder of Croesus Mining, buys her grandchildren shares as a gift.
She says it is like buying them an education, letting them own shares in companies.
This is what Croesus Mining chairman, Ron Manners heard on a recent roadshow to Hong Kong.
It is also something he likes the sound of.
Taking advantage of the upbeat resources sector Mr Manners recently led a group of five junior resource companies to Hong Kong and Singapore to sell their stories.
Mr Manners said the people he spoke with saw the Australian resources sector as a way of investing in the booming Chinese demand.
“They knew exactly why they came [and saw us],” Mr Manners said.
“They saw it as a way of investing in China’s future by investing in Australia which will become and is already the major supplier of raw materials to China.”
Croesus, De Grey Mining, Dragon Mining , Nkwe Platinum and Nickel Australia were the five companies on the roadshow.
All have interests in either the gold, nickel or platinum sector.
However, although interest in Australian resource companies was present Mr Manners, who is also the chairman of De Grey Mining, said the Asian market was a different one to Australia.
“We know through Croesus that if you make a discovery you need to raise capital quickly and it is easier going to shareholders if they have been shareholders for a while and they are familiar with your stock,” he said.
“In Asia I do not think you can raise capital from Asian investors if nobody has heard of you.”
He said they had received good follow-up interest since the roadshow, with some companies being contacted by potential investors since their return.
“Their perception of Australia is good, we are seen to be a country that has got good property rights and a legal system to protect those property rights,” Mr Manners said.
He said Native Title was not talked about overseas as it was to complicated to understand even in Australia.
Interest has not only come from investors.
The roadshow looks like it may become a permanant fixture with more Australian resources companies putting their hand up for a ticket next year.
It was sponsored by the Stock Exchange of Singapore as part of the promotion of SGXLink — a linked trading system with the Australian Stock Exchange.
Through this, 100 Australian stocks are tradeable in Singapore including a limited number of mining stocks.
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