The Seniors are taking huge writedowns for many of the takeovers that failed to deliver the growth they were chasing. Barrick $3.8 billion for Equinox Minerals, Kinross $5.6 billion for Red Back Mining, Newmont $1.61 billion for Hope Bay, Agnico Eagle $644 million for Cumberland Resources and on the iron ore side Anglo $4 billion for Mina-Rio. The Seniors are pulling in their horns and focussing on their operating mines and projects already under their umbrellas. This leaves the Juniors out in the cold and imo this will put an end to chasing ounces in the ground as the costs of mining and the timing to bring a mine into production is the cause for the latest round of writedowns. IMO this is the nail in the coffin for the Yukon!! Raising money will also prove near impossible for these juniors. Monday could be a blood bath for atc and kam and should gold take it on the chin as well look out below. GLTA