M & A Activities in PM sector
Junior companies with great valuation practically at 98% down (fire sale) from high are being snapped up by seniors. Looting in plain site.
A investor in any of these companies is forced out to sell at loss.
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In March, Endeavour Mining offered C$1 billion ($726.9 million) for Toronto-listed Semafo.
Silvercorp Metals this month hiked its bid for Guyana Goldfields, while China’s Shandong Gold Mining offered C$230 million ($167.9 million) for struggling TMAC Resources. SSR Mining also snapped up Alacer Gold .
https://www.mining.com/web/gold-ma-back-on-the-agenda-as-restrictions-ease/
Excellent Information and post Sir Bikoo…Thanks
M and A ….is good for a healthy sector