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EAR must surely be the hottest picks for a takeover before the...

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Sharetrader78

12,543 Posts.

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07/08/19

17:59

Post #: 39908089
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Originally posted by john435 ↑

Some thoughts on potential corporate action and deals in the gold sector.A lot of the producers who hedged in the last 12 months and locked in deals to sell their gold at prices between AUD$1600/oz and $1,700 will now be anxiously trying to find a way to get out of those contracts.It is going to cost them many millions of dollars to do so.The best and cheapest alternative for them is going to be to buy/takeover smaller producers who will soon have production which isn't hedged .Companies in Western Australia like BCN,HRZ and MAT to name just a few .I think this is going to the logic for further consolidation amongst gold juniors and once the first deal is done a plethora of companies will join the hunt for those juniors about to become producers with granted mining leases especially those who don't have their own mill.

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EAR must surely be the hottest picks for a takeover before the years out 8yr LOM 1.7moz resource -100mill+ plant on C&M 90,000m drilling underway all for only 145mill

XAO Value at posting: 6,588.5
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