Right you are, legal costs of ABX defending a US$20 contract, ascend to millions USD and counting.
Why would you say?
Perhaps because each Lawyer on top of his or her discipline, are precey. Specially if going after a barracuda like ABX.
My opinion is that 1 million for couple of years at it, are petty compared to what looks as legal results thus far.
true there will be sealotz of criminal activity to go hush hush, so they attack who appears to be Mina Pascua owner, MWR and anyone, trying to say that Barrick will not have Pascua.
Such, was the fortune of Chilean Court process, with Barrick stating 2011 that Appeals Court gave Pascua to Barrick and truly on record, that is as false as a pack of icebergs at the Sahara Desert or ABX Giold under the Glaciers.
Barrick never received titles, never as Barrick never from Chile's Court of appeals as lied via STOCKWATCH against MWR-TSX.
Why would a company with such "reputation" as Barrick fall so low when disclosing material facts? Or better yet, when inventing things that are far from reality and non able to be substanciated at a Court of Law? lies for gain?
Barrick better take a dosis of transparency and march in the entire BOD onto SEC and TSX HQ's for dibriefing of what does barrick really own from LAC 1994 titles, the only thing that is PASCUA Chile to Barrick. (LAC claims, was - 2011 are useless claims)
See Barrick, you lied against Mina Pascua owner in Canadian Courts to commit larceny of Mina Pascua, while selling Gold and Silver from the mine, that was not Barrick's.
You are hereby placed under public exposure so to alert the respective authporities into ushering in an investigation of Peter munk's "hedging is pretty good-oops no hedging for ten years about".
Related to Blanchard's case regarding an under oath admission by Barrick of manipulating Gold prices down in concert with some Central Banks, in look of underserved and not granted immunity from prosecution by Madam Justice presiding over the issue - (search complete article under GATA,Barrick manipulates Gold prices).
Barrick a corporation that bets against the product it peddles, that is rigging the markets.