Disharmony

Harmony Gold (HMY) made an unsolicited bid for Gold Fields (GFI). Thankfully, it looks like this bid won't go through.

I do not own any shares in the two, but Harmony is better off selling itself, rather than trying to buy a (larger than itself!) competitors.

I own a few of Durban Roodeport Deep (DROOY), and making a wild guess that like its South African sibling, Harmony, will sell itself at some point.

The consolidation phase in gold is just beginning I think. Watch out for more small players to be swallowed.