RE:Video worth watching. John Hathaway didn't like Newmont's (NYSE: NEM) $16.8 billion acquisition of Newcrest, and he noted that neither did the market, with Newmont's share price plummeting after the acquisition. "I wouldn't call mergers between equals healthy. There's very little value creation," he said.
He sees the small and mid-cap sector as ripe for more accretive deals, using the examples of Caliber Mining (TSX:CXB) buying Marathon Gold and Dundee Precious Metals' (TSX:DPM) attempted takeover of Osino Resources (TSXV:OSI).