We see some values, although we don’t think any of the companies have moats.
We're especially keen on the uranium, lithium, and lumber industries.
A combination is compelling but not without complications.
Heavy-side building materials share prices underestimate the impact of improved funding.
We think the acquiring shareholders are getting a better deal.
In an industry that has a history filled with expensive acquisitions, Barrick's proposed acquisition of Randgold stands apart.