Gold sector M&A seen on hold until markets settle

By Eric Onstad

LONDON, Nov 13 (Reuters) -

Small gold firms hit by the credit crisis and weak gold prices are keen for mergers with bigger rivals, but consolidation will likely have to wait until volatile share prices stabilise, company officials said on Thursday.

"It's hard to convince someone to accept a 30 percent premium when their stock price is 90 percent down," Alex Davidson, an official with Barrick Gold Corp.

http://www.reuters.com/article/merge...

i guess they never heard of aurelian.