2019-Gold- M&A- F&M-ESMGold price is expected to move higher to 1350 or more from its compressed price of 1250 for the last 3 years.
All the major miners have finalised their acquistions from their surpluses in the last qaurter of 2018.
It sees the last quarter of 2018 has seen many M7A in mining sector.
Has ESM missed the chance for a sale/ or a JV?.It is difficult to say.
The window for these M& A is quite narrow.
I feel, if ESM(F&M) misses this chance, we will have to wait for one more year to see some benefits to our investments.
Some posters have mentoioned about Lundin in this regard. But to me, Lundin only makes Low ball offers and not very successful in its acquistions. ( Nevsun is a glaring example of thier failure and the rebuttal from it shows how poorely it is done by Lundin and ESM( F &M)
Just fingers crossed and waiting for our mgmt. to take rational, timely and appropriate decision without wasting time.
GLTA