Barry FitzGerald: These two West African gold explorers are

Barry FitzGerald: These two West African gold explorers are potential takeover targets


Barry FitzGerald: These two West African gold explorers are potential takeover targets
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Maybe it’s the lockdowns, or the weather. Either way, Garimpeiro has grown a bit bored with the local gold exploration scene.
Despite the record exploration spend on finding new ounces, there has not been much in the way of exciting newsflow from the sector recently.
Stocks like De Grey (ASX:DEG) and Bellevue (ASX:BGL) keep on piling on the ounces but it’s hard to get excited when it is remembered they sport $1.5 billion and $840 million market caps respectively.
That makes it hard to move the dial, particularly with the sideways trading gold price of late.

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