Interesting sour grapes - Regis comments: 4 hours ago | Angela...

Interesting sour grapes - Regis comments:
4 hours ago | Angela East

"Big fish Regis Resources may have failed in its bid to buy small fish Capricorn Metals — but there is plenty of consolidation yet to come in the gold sector.
That’s the view of Mark Clark, chairman of $2 billion Regis (ASX:RRL), which lost out on $50 million Capricorn (ASX:CMM) when the takeover target’s biggest shareholder said “no” this week.
“There’s a dichotomy between the big end of town and the smaller guys where the big end of town has got reasonable valuations [and] the smaller end of town is really struggling,” Mr Clark told * on the sidelines of the Precious Metals Investment Symposium in Perth this week.
Mr Clark told * on the sidelines of the Precious Metals Investment Symposium in Perth this week.
“It’s hard to see companies that need to raise up to their market cap or multiples of their market cap how they’re going to move forward with the asset.
“So if that situation continues then I’m sure bigger companies will ultimately look at the smaller ones with a view to pocketing those assets at the right price.
“The developer end and the explorer end, that part of the market in Australia is almost at capitulation point.”...