Or maybe it has something to do with 300,000 shares being bought just before the halt? Maybe some insider knowledge? It looks suspicious enough that it may be getting reviewed, which would make sense and explain why ABX is trading again and not SLW.
Will have to buy silver on the open market now to full fill the deal with Silver Wheaton !!!!!! and delivery the oz. in bullion at $4.90 cost
Silver Wheaton has a contract with Barrick for delivery of 170 to 200 million ounces of silver from Pascua-
barrack can't meet their contract obligation to slw so barrack is gonna have to either restructure or deliver 200 million plus oz's of silver they cannot deliver from the closed mine so they may be forced to go into the market to get it to deliver...........oh my!
The news is out..We all know the "news" but yet SLW is still halted on a 16 million dollar fine for another company....Yeah, I have never seen that happen in 15 years....UNLESS there is more to the tail.....That we dont know "yet".........
Well, not every miner will go to zero however ABX has to much debt ...Their books are riddled with cancer.....A "40" dollar stock...Hopefully you are kidding or simply shouldnt be in the market...
wrong again the reason they are halted so long is Because they are canadian... In my years of investing i have always found that canadian management are plain horrible when it comes to shareholders.... they have very little respect for market participants and their stuck up attitude is why the stocks are still halted... I mean it doesnt take 3 hours to put out news
"It's going to zero" is what EVERY short says. Why not? Talk is cheap. It's so easy to say it. Say it again, my friend. Oh do it again.
After all, the whole point of SLW is that it AVOIDS the risks and pitfalls of operating mines. That's in all their literature. So ABX received the news today everybody knew about weeks and months ago. So?
On the other hand, I'd guess that the long halt—insanely long. Godot already came and went long—is so that certain financial interests can get squared away before the reopening. Just hoping that they're wanting to get IN!!
Thats what makes a market....Been short Barrick from 37...WOnt cover till it goes to zero....Its your money...Keep loaading ...Hopefully on margin........The short interest is less than 2% in all miners...They have alot of room to fall...GET READY......