Eric Sprott, Terry Lynch: Mining is Starting to Boom, Reinstate the Tick Test

After launching last November, the Save Canadian Mining initiative has reached a critical stage.

Founder Terry Lynch said that Ontario’s Capital Markets Modernization Taskforce is working to update the Ontario Securities Act, and recently released a report covering key issues and proposals.

“There’s a lot of good things (in the report). They specifically targeted predatory short selling, which is one of the things we’ve talked about,” said Lynch. “They haven’t yet endorsed the reinstatement of the tick test — that’s still on the table with them.”

The next six weeks will be important for Save Canadian Mining because the taskforce will be gearing up to make decisions on the ideas laid out in its report.

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