Mining Maven Says Share Slump To Spur Merger Boom
By Liezel Hill – May 28, 2012 10:16 AM ET
Catherine McLeod-Seltzer, one of Canada’s top mining dealmakers, is forecasting an increase in mergers and acquisitions because of a shortage of financing.
Mining stocks are trading close to a three-year low as commodity prices decline on concern that growth is slowing in China, the largest metals consumer. McLeod-Seltzer says that as investors shun equity offerings and banks shy away from making loans, more mine developers will be bought by larger competitors looking to add output and reserves.
“I see these downturns as opportunities,” she said in an interview in Toronto. “The company that’s going to create value for shareholders today is the one that’s not timid.”.....
The totally pathetic David Bo & the naive & ignorant Skyocean chinks are to "TIMID" to grow CMV by acquisition as they stated was their goal when they took over CMV. Bankruptcy on the way after these stupid Skyocean chinks burn through the $10 million they invested in CMV?
