Doubleview Gold Corp V.DBG

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[seveneleven711]

 

Globe says Barrick's Bristow bangs consolidation drum

 

2020-10-13 08:45 ET - In the News

 

The Globe and Mail reports in its Monday edition that Barrick Gold's Mark Bristow seems determined to drive consolidation in Canadian mining through sheer force of will. The Globe's Andrew Willis writes that if just a few institutional investors are willing to join his crusade, then long-predicted takeovers among the country's mid-tier gold plays may finally come to pass. Mr. Bristow banged the drum for deals last month at the World Gold Forum in Denver that drew even more eyeballs by going virtual this year. Departing from the usual script for CEOs at conferences -- talking up your own company -- Barrick's boss praised rival Kirkland Lake Gold, author of last year's controversial $4.9-billion takeover of Detour Gold. Mr. Bristow questioned why investors were initially skeptical of Kirkland Lake's plans to bulk up. He said the acquisition made all sorts of strategic sense, is working out well for shareholders and should trigger more activity. Bankers who spend their days pitching companies on deals have an expression to describe what has stalled takeover activity in the gold sector. The bankers blame "social issues." That is a polite way of saying entrenched managements will not give up their positions or paypacks.

[lifegoeson]

Seveneleven, I have played DBG since 2013, my longest play ever. Farshad is in an elite group of junior resource CEO's who haven't consolidated the companies capital. He has methodically leveraged his money, convinced others of the HAT potential, drilled, resource, etc...  look at the chart below, we are now at the same price 7 years later, he is knocking at the door, who is