RE:Breaking down Bristows agenda for M&Agoldenrivit wrote: He says the industry needs to consolidate quickly.But no more stupid M&As.I take the to mean the GBR take over with no resources/permits or backing of native locals.He called GBR "cow dung".He then states old assets in decline are of no interest meaning he is not interested in buying assets that are half mined out or gone through a decine in the low hanging fruit.In other words not interested in current producing mines.He did say last yr Barrick was on the hunt for assets in Canada not yet in production but are near term.Those assets must have blue sky exploration.So I rule out any producing JR.I alsorule out NFG and AMX as they too do not have proven economic resources currently.He states clearly looking for JR bolt on rather than a large merger of "old declining assets".IF he is not looking at SBB as his target then I can find no ther in Canada that fit his agenda/scale other than SBB.He also states a JR buy out 'this year".Folks Barrick is very likely to bid this quarter for SBB and all of us were alerted to it including todays sellers.
"Mr. Bristow said the precious metals sector requires "considerable consolidation" in the near term, but "no more stupid M&As." Declining output and old assets make smart investments hard to come by, but he expects the industry will get acquisitive. The world's No. 2 gold producer will be focused on "the junior part of the market" this year "where it fits with our exploration focus."
ARTG could also fit his criteria.