M&A.....?I have stated in the past that companies that go beyond MREs, feasibility studies, and permitting to actually signing debt financing, streaming, and contractor / materials purchase deals have likely missed their opportunity to sell their company to a major producer as the major in all likelihood would have preferred to handle the financing, possible streaming agreements, the hiring of contractors, the sourcing of materials, etc. themselves, likely getting a lower interest rates on the debt financing given the lower risk of being a major that is producing gold and making profits, and picking their own contractors and suppliers and the respective agreements.
However, recent continued increases in interest rates may somewhat offset some/most of the interest rates a major can negotiate now vs. a few months ago. Plus, it appears that people like ABX;s CEO Mark Bristow prefer acquiring companies that are close to if not ready to start a mine build with the permitting and First Nations agreeements completed, so majors like ABX may be interested in scooping up a junior ready to start a mine build at these low share prices. If so, the question would then be at what share price premium would a company such as ABX and MOZ agree to, and how MOZ shareholders who may be signficantly underwater in this stock would feel about such a share purchase price premium if they feel it was not full value for what they believe MOZ has on their hands.....?
Interesting times ahead for the gold sector.......