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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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Chinese investment in Australia fell in value and number for the calendar year 2020 from the previous year. Investment value was down 26.8 percent to $2.5 billion from $3.4 billion in 2019, the lowest level since 2007, according to a new report by the University of Sydney and KPMG.
The number of deals was also down – by more than half, from 42 in 2019 to 20 in 2020. The fall in investment came against the backdrop of the COVID-19 pandemic resulting in a 35 percent reduction in Foreign Direct Investment (FDI) inflows globally, deteriorating bilateral diplomatic relations between Australia and China, and increased government intervention in foreign investment in both Australia and China.
Odey s Adrian Courtenay Is Positioning The Fund For Inflation forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Bacchus Capital Establishes North American Investment Banking Operations
Steven Latimer, former President of Jefferies Securities Inc. (Canada) and Head of Canadian Investment Banking, to join Bacchus Capital as Managing Director and Head of North America
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LONDON, May 10, 2021 /PRNewswire/ Bacchus Capital is pleased to announce that Steven Latimer has joined the firm as Managing Director and Head of Bacchus Capital s presence in the Americas. Steven will be based in Toronto and will focus on providing Bacchus Capital s new and existing clients with on-the-ground strategic, financial and tactical investment banking support, and advancing Bacchus Capital s Venture business in the region. He will work closely with Karr McCurdy, who is a member of the Bacchus Capital Senior Advisory Board, based in Denver, and with the Investment Banking team in the UK and globally.