erasing Pascua PONZI facts will cash deplete innocent SLW shareholders
The onus is still on Barrick to produce the contractually obligated silver and Silver Wheaton is not a party to any possible prosecution from all appearances. It seems that Barrick would have to buy silver or make "other arrangements" not to default on the contract with Silver Wheaton. My guess is that owing to there being no evidence of panic at SLW, that provisions for the situation must be at least under discussion.
I am reminded of Shakespeare's comedic work, "Much Ado About Nothing".
If we were dealing with another company other than ABX I may feel comfortable about the premise of honoring their obligation however ABX has over 19 Billion in debt on its books...The stock may come under serious pressure and ABX may not even have the liquidity to satisfy all their commitments....Peter Monk is the biggest shyster in tow..........
I looked at ABX here on Yahoo. Their debt is a bit less than $14Billion, quite less than your estimate. The market mavens do not seemingly share your appraisal of ABX either. They also seem to have adequate financial strength to weather this storm and fulfill the contractual obligations to SLW.
This PF person is literally bashing everyone connected to the matter in what I'm guessing is an effort to cash in.