THE BEAST, page-92

Van Eck are among the largest holders of every significant gold producer in the world as they manage the GDX and GDXJ ETFs. Centamin is in both of these ETFs too so Van Eck are a relatively larger holder (than if Centamin were only in one of the funds). The involvement of these passive funds is quality agnostic, only based on size (market cap, liquidity).

The Van Eck involvement in PDI is more significant as this is via their mutual fund (INIVX) which does have analysts and has backed a lot of the African development plays pretty early (CDV, WAF etc).

https://www.vaneck.com/us/en/vaneck...ational-investors-gold-fund/iig/holdings-pdf/

Centamin may eventually be one of the players interested but I feel like Bankan is getting to a scale where it might be almost beyond Centamin's reach and attract a higher quality acquirer (B2 or Endeavour for example). Sukari has been struggling and Centamin is trading at 5 year lows (in pounds, and looks even worse in USD terms).