A slap in the face for junior miners

Political risk has increased dramatically in the oil and minerals sector lately, says Tom Bulford. But there's another reason junior miners are suffering - and it's less well-known.

It had already been a tough year for junior miners. Then, Argentina's populist president Cristina Fernandez called a snap press conference

Fernandez grabbed control of or, if you will, stole the majority Spanish-owned Argentinian oil company YPF. And that certainly grabbed the attention of oil and mineral explorers.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.