Re: M & A
Mark Bristow is being an ass because Barrick got the finger: “Growing bigger for the sake of growing bigger is not a strategy.”
Um, actually, Mark, it often is an excellent strategy because fixed governance hard costs get spread over more assets, the balance sheet increase may be more robust due to diversification, risk is potentially reduced, negotiating strength in both procurement and sales is magnified, personnel recruitment and retention gains greater flexibility and the inside talent pool is expanded.
Sure the price has to be sensible, but Gordon Gecko might say “growth is good”.
Sour grapes bro.
cg