Any T/O in the current gold climate would be very upsetting. I have always said I hope any advance gets knocked back as something like PIR comes around rarely these days.
I hope to be around for the $3+ days.
This is the most I could get being a non-subscriber:
Papillon Resources seen as takeover target
MARKET sources are speculating that the mining sector could be the one to watch for the next major takeover, and the first to happen may be a tie-up between gold companies on the back of the recent rally in the commodity price, with Papillon Resources among those grabbing attention.
Throwing weight behind the theory are a few major deals to have recently unfolded in North America and Australian asset sales, with Northern Star buying assets from Canadian giant Barrick.