Post by
templetooth2 on Apr 25, 2024 9:31am
Since April Fool's Day
The gold space has seen a number of deals. Karora Resources attracted an Aussie takeover, Calibre bot the Valentine deposit, Argonaut was put out of its misery by Alamos, Perpetua gets an indication of big bucks financing which is almost as good as a takeover, and this AM AngloAmerican, though not a gold company, shines the light on the mining sector.
Interesting times. Also this morning, Lundin Gold pays back the financing for its mine in Ecuador. It was long-speculated that Newmont would tuck in that play, things appear to have changed. Would not surprise me or anyone else if LUG joined the acquisition parade.
The logjam has well and truly broken. Let's hope lightning strikes here, and sooner rather than later.
Comment by
templetooth2 on Apr 25, 2024 10:00am
And Reunion/Gtwo. How could I forget?
Comment by
VickRoxman2 on Apr 25, 2024 11:23am
I've recently had another of my companies bought out. Contact Gold bought out by Orla. I was in for the long term speculation and very nice to be bought out! Allowing me to buy more TLG!