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Silver Wheaton Corp. Message Board

  • diarnond2001backs diarnond2001backs Apr 6, 2013 11:18 PM Flag

    ....so as i understand it, if the barrick pascua lama stream doesnt pan out in a timely fashion

    silver wheaton gets their money back less certain deductibles
    am i reading that correctly

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    • It is now a known fact that Barrick does not own the Pascua mine, The Chile side...The Chile side holds 80% of the minerals at the Pascua Lama Site...

      The title to the property was finally granted to Jorge Lopenhadria.This fight has gone on for over 17 years...

      Beacause Barrick has lost this fight the consequences are severe for all parties involved especially Barrick.Ya see Barrick has sold forward over 7 million ounces of gold to Deutche and HSBC JPM as well....SLW is also owed over 200 million ounces of silver from the production of this mine...

      Here is the rub...Barrick has over 13 Billion in debt on balance sheet.When the facts are unleashed mainstream Barricks stock will get pummled. Barrick does NOT HAVE THE LIQUIDITY TO SATISFY STAKEHOLDERS OF THE SELL FORWARDS totaling more than $6 billion..Barrick will be forced into Bankruptcy...SLW should be able recoup the 600 million in cash if Barrick wasnt so levered however that is not the case....

      Sticky drama playing out.....Again, the title issue has been resolved.. ALL parties have been notified especially the Canadian FM......

 
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20.32+0.37(+1.85%)Dec 26 4:02 PMEST

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