M&A Probability

GOR's sheer size -- regional Au exploreco -- it's own reserves + resources, measured (I don't use "indicated") and cash +  Au (think LBO) makes GOR a globally significant t/o and or M&A target. GOR simply moves the dial for a Tier 1 producer, and hits it for 6 for a Tier 2.  From incakolanews (a blog great for any LatAm exploreco, politico, unfortunately it's mostly about the TSX

... The Randick merger (Barrick and Randgold) didn't just create further M&A interest in the sector the week of the announcement, what's happened since then (and especially the last two weeks) has rammed home to the whole sector just how smart ABX chair Thornton's move has been, sat next to the inertia of peers. Those companies, led by Newmont (NEM) but surely followed by any number of Tier 1 and 2 precious metals names, will quickly be left behind (and then left to die) if they don't act quickly, so be crystal clear about this, the M&A action in the precious metals sector has only just started.

https://incakolanews.blogspot.com/2018/10/the-reason-why-m-in-gold-mining-sector.html

LBO defined:

https://www.investopedia.com/terms/l/leveragedbuyout.asp

Without a word on the POG. I believe GOR is that good.

OV