Barrick Gold eyes De Grey Mining, page-60

The article quoted is pathetic ,inaccurate and fake news.All the major miners are struggling right now with profits and cash flow dropping by at least 30-50%.Just go and look at the Barrick most recent quarterly results .If there was going to be a takeover it would have happened long ago .To take over DEG at its current value would require a bid over 2 billion AU ,6$ a share which someone quoted would be 10 billion .No one will spend that kind of money on a deposit ; not ready to be produced for 5 years in the current low price of gold albeit a little higher than a couple of weeks ago .Gb girl has raised this issue multiple times over the last couple of years and it hasn’t happen and wont happen at these overvalued levels .Loads of explorers going really cheap worldwide right now ,even lots of quality miners.