Gold M&A: Denarius scraps Emerita takeover in Spain

• •Looks like Denarius is scrapping their Emerita takeover in Spain to focus on ramping up Zancudo.
• •Honestly, this makes a lot of sense to me.
• •Spain feels a bit like a wild card geopolitically right now, and Zancudo is already producing for them in Colombia.

Hey everyone, just read this article on Mining.com about Denarius and Emerita (https://www.mining.com/gold-m-a-denarius-scraps-emerita-takeover-in-spain/). Looks like Denarius is scrapping their Emerita takeover in Spain to focus on ramping up Zancudo. Honestly, this makes a lot of sense to me. My portfolio, like many of yours I'm sure, has been pretty volatile lately, and I've been looking for companies that are tightening their belts and focusing on maximizing current assets rather than risky expansions. Spain feels a bit like a wild card geopolitically right now, and Zancudo is already producing for them in Colombia.

From my own experience investing in juniors, especially in precious metals, companies that try to do too much often end up diluted and underperforming. Zancudo is a known quantity for Denarius, and if they can really optimize those operations, that's a much more tangible path to value for shareholders in the short to medium term. Diversification is good, but not at the expense of profitability on existing projects. I'm thinking about my retirement goals here, and consistent, solid production beats speculative M&A in my book most days of the week.

What are your thoughts on this move? Do you think it's a good strategic pivot for Denarius, or are they missing out on a long-term opportunity with Emerita? Curious to hear if anyone else holds Denarius or Emerita in their portfolios and how you're feeling about this development.