Election ResultsWhy so negative already?
The election went as expected, and the government is free to move ahead with their reforms. Including privitization or closure of money losing, top heavy, old school Eastern European type companies. It takes lots of discussion and negotiating to sell/restructure/bankrupt companies. I believe it was just over 500 companies being looked at. Deadline is end of May. No extensions!
"Texas" Posted article from Apr. 25
Nevsun Reservoir deal shows M&A appetite for quality mines
great article, everyone should read, including Tim and Blake!
Apr 25, 2016-there is appetite for high quality mining assets in stable countries and may be a harbinger of further industry mergers and acquisitions, executives involved in the deal said on Monday. Nevsun was one of many companies interested in acquiring Reservoir and Timok, Reservoir Chief Executive Officer Simon Ingram said. "There were lots of groups in the data room," he said in an interview.
"We should see more M&A in the marketplace.... There are various assets that are good quality that are financially burdened," Davis said in an interview. High price expectations among sellers are among factors that have inhibited mining acquisitions in recent years, but that may be changing, Davis said.
The Nevsun statement confirms the market believes Serbia is a stable enough marketplace for acquisitions. I'm sure many are looking at EV from the sidelines. We all wait some more! But the outlook still remains positive. Just not fast enough, according to the armchair shareholders!
Let me have it.- Mawsworld