Junior miners could see rise in mergers: E&Y
Mar 25, 2013 | 11:16 AM
| Claire Hack
LONDON Mergers of junior miners may grow increasingly common in 2013 and beyond as traditional financing avenues remain difficult to access, according to an industry analyst at London-based Ernst & Young LLP. Weve not seen much of it yet, but we may start to see junior-to-junior mergers to create scale, to create more liquidity and to gain leverage from management expertise, Lee Downham, global leader for transaction advisory services in the mining and metals sector at Ernst & Young, said. They could benefit from the classic 2+2=5 scenario. Securing financing will likely remain a tall order for juniors and explorers as investor sentiment is firmly....
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