Endeavour fairly large net debt of US$540M at the moment though. Do you think they would have the financial capacity and/or market backing to go for a takeover, even if script based?
I did a bit of a run-through of the financial position of a lot of these Canadian mid-cap producers a few months back and B2 was the only one that seemed to have the financing capacity and a clear lack of project pipeline (Fekola expansion notwithstanding).
Semafo and Nordgold I thought probably wouldn't want any more operations in Burkina Faso from a portfolio concentration point of view.
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