Sarama Resources Ltd V.SWA

Is Barrick Shopping?

[ukermann]

BARRICK GOLD CORP CHIEF EXECUTIVE MARK BRISTOW

“You’ve got to dig quite deep” to find new projects worthy of acquisition, Bristow said. “Buying a producing asset is not so easy because you know … it’s probably too much of a premium.”

He added, “If you can find those early prospective opportunities, and you know, you can consolidate them into a regional play, that’s the thing I’m focused on right now with the team.”

So while WE wouldn't even be on their radar screen, I think somebody like TGZ might very well be. They are quickly approaching production in the 500k oz per anum area, and with Barricks $$, they can fast track Golden Hill with a kicker from SWA and become a 700-800k ounce producer, meeting Bristow's challenge of not having to overpay for any asset.

[ASHRAM]

if tgz and edv merge than what happen to swa.

[mercedesman]

If TGZ and EDV merge, that will create an even bigger regional machine, that will need to be constantly fed. SWA is perfectly located IMO, and almost completely off the radar, except for possibly the merger candidates. Interestingly enough, one of SWA's main assets is in proximity to TGZ, the other in proximity to EDV. MM

[ASHRAM]

when tgz and edv merge it will be big and swa will be pocket change for them.is swa is still drilling to find more gold or they are just waiting for takeover.thanks for reply.

[yoshka2000]

I don't think anyone knows as of yet which direction tgz or edv is headed, and as far as swa is concerned they are not going to sit idle just waiting to get picked off. The more drilling, the more they find, the better the outlook in the end? I have not bought in as of yet but been watching.

[ASHRAM]

now after merge edv is big cap gold company and they do not want to pay any primimum and they know swa has no choice to go it alone or merge with some one eles.only hope is if swa find boat load of gold in there property.good luck all.

[mercedesman]

Disagree.   I think it's now more likely  that SWA will eventually be a target of the newly merged entity...they have to keep the new machine machine (1.5M oz/annually) fed.  What better way than with some nearby proven and probably oz's just over two of their fences...if only to hold in their back pocket until they are ready. MM  

[ukermann]

This newly merged entity will be producing over 1.5 million ozs per year. Two late stage projects in Bantou and Golden Hill by themselves already have another 4 million z's between them, and still finding more. Once you add SWA's 2.5 million z's to the pile, within a 25 mile or so radius they can add these 6+ million to their reserves, as they decide where to process them. Here's a

[ukermann]

Sorry:

[ukermann]

[ASHRAM]

now under old 11 cents offering price.may be the buyer is short selling before making an offer.with only 3 to 4 hundres thousand share he can drop price than he will say i give 30% or 40% for offer.

[yoshka2000]

R U working right now as an analizer of sort ol chap?