Nonsense. Just go look at what Barrick the largest miner is doing right now in terms of layoffs and cost-cutting because of the weakness in gold prices. You really think they or anyone else is going to turn around now and shell out $5 Billion to consolidate? M&A in commodity industries happen when the commodity is in a boom cycle not bust. No one's buying EGO down here because they think it will be bought out. They're bargain hunting.
Boom cycle is the time where you may see high price M&M activity, but the extreme OVERSOLD conditions doe create opportunity for some larger cap companies with cash and less debt than ABX to step in and buy dirt cheap. now buzz off and stop your non sense.