Similar to buyout of Barkerville Gold few days ago more of Rocks will be taken over before investors see any outstanding performances of the past in this sector.

One way Senior and mid tier gold producers assures seat at the table is they buy in 19% of stocks of a potential Rock. With that they have voting block for take over.

Infact these Junior Exploration companies built their portfolio of reserves on the back of early investors who funded exploration activities thru buying into Private Placements and took the risk. Not fair!!!

Such activities went on between 2004 to 2008 also.

Gold M&A activity is just starting as companies replace depleting ounces – WoodMac

“Looking at gold reserves, WoodMac analysts said because of insufficient exploration budgets, the average mine life in 2018 was estimated to be 11 years, down more than 31% from 2012 estimates. Major gold producers are in better shape than mid-tier companies, which the WoodMac said has allowed them to be more “calculating” in the last few years. However, they added that they are expecting to see more activity in the major space.”

https://www.kitco.com/news/2019-09-25/Gold-M-A-activity-is-just-starting-as-companies-replace-depleting-ounces-WoodMac.html