Post by
jclarke042 on Jun 15, 2023 2:11pm
Barrick tries for First Quantum
Said to be an "informal approach."
https://www.bnnbloomberg.ca/first-quantum-said-to-rebuff-informal-approach-from-barrick-1.1933661
Comment by
Marine2 on Jun 15, 2023 3:59pm
Interesting Barrick made overtures to First Quantum in the last few months as part of its search for ways to expand in copper, the people said. First Quantum indicated it wasn’t keen on a combination and declined to enter any substantive talks, according to the people. Copper,,, Does Casino have any Copper,, 60 + years worth mean anything ? M2
Comment by
Heywood_Silvers on Jun 15, 2023 4:36pm
Barrick won't attempt to bite off anything in the scope of Casino. They are too cheap and too small to attempt to make a serious run at us. This all boils down to NEM and the copper majors. If Barrick would like to prove me wrong, I'll be happy to entertain any offers forthcoming......
Comment by
CopperAndGold14 on Jun 15, 2023 7:32pm
Barrack also would benefit from the gold at Casino, but their CEO seems to believe he can acquire targets with 'zero premium' to their pre-acquisition share price. So far, I don't think he's actually completed any deals under that philosophy.