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scaryharrysafari

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scaryharrysafari

Re: sortagreen post# 69

Friday, 12/10/2021 1:10:47 PM

Friday, December 10, 2021 1:10:47 PM

Post# of 76
They might up the ante a little bit as a goodwill gesture, but don't expect Barrick to suddenly come riding to the rescue, chequebook in hand; or anybody else, for that matter.

Barrick got their head handed to them by overpaying in the last buyout cycle. Once burned, twice shy.

Plus, it's still just way too early in the M&A cycle for bidding wars. Kinross knows this, and that's why they showed up now, so they wouldn't find themselves in any bidding war.

"Luck" is when preparation meets opportunity. So, don't curse your "luck" because you weren't prepared when the opportunity appeared.

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