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DRYBLOWER
Dryblower on the second wave of merger mania, the fee-feeding frenzy
INVESTMENT banks claim there is a compelling case for gold company mergers, but <i>Dryblower</i> wonders how much of their argument is based on a compelling need for the banks to generate a self-started-fee-feeding-frenzy.
That might sound overly cynical but older readers will have seen this process in previous market cycles that start with a burst of optimism which unleashes an urge to grow and ends with bloated businesses...
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