If they had any regard for shareholdersThey would buy a company that was making money and had cash in the bank nearly equal to its shareprice. Example-QUA. Selling at a price equal to cash in the bank and the mines are a bonus. Do a merger/take over with someone like that and the end result is a bigger richer company that can easily command a premium price in the market place. Then buy some company that needs cash to bring a mine on line and hold their feet to the fire to get a bargain price.
Cheers,
JR.