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Barrick Gold Corporation Message Board

  • bimmy.beoris bimmy.beoris Nov 1, 2012 11:23 AM Flag

    ABX could go BANKRUPT !!!

    with that type of performance... and lousy management, this POS is headed into the dust.

    Sentiment: Strong Sell

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    • OH ya!
      Outlook is for how many oz's?
      Ya, I would think chapter 11 is the ONLY alternative.
      Thanks for the update.
      Anything else to report?
      Sorry, but that is way out there.
      If anything, I would expect an increase in dividend to try to attract more investors, in the short term.
      It costs money to produce Au.
      And stuff goes wrong.
      So let's let the shorts enjoy the day, OK?
      Peace and GLTA

      • 1 Reply to kosikc
      • I do agree that bankruptcy is a little silly, if he meant it literally, which I don't think he did. I would venture a guess it was sarcasm and a joke at the same time, much like this company. They knew the pressure was on to deliver a solid quarter because of what happened to the share price over the summer and this is clearly a F-U to the shareholders and the street. The only way to describe the quarter is to use the word pathetic. This stock is dead money for quite some time now. Every one that bought and held from mid August thru yesterday is now under water on their investment and it is only going to get worse. I still think this dog dips into the 20's in the coming weeks because there are plenty of bankers that were offside in their long bets and they will now make ABX pay dearly as they sell and go short. What they have done is sully the reputation of a company whose reputation was being called into question in the first place.

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