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Barrick Gold Corporation Message Board

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  • kosikc kosikc Nov 1, 2012 12:40 PM Flag

    ABX could go BANKRUPT !!!

    Finally some constructive analysis.
    What the future holds is in management's hands.
    It's been a short time since the new CEO arrived.
    The question becomes do you focus on costs and there by free cash; or
    do they say damn the torpedos and bite the bullet and spend the capex and get production rolling.
    We live in an inflationary world despite what the powers that be tell us.
    Those increases impact all producers, heck if I was supplying, any of the factors of production, I would want more, as my costs increased.
    Obviously, the price of Au is the wild card in all this.
    An observation ... raise the dividend and reward the investor base for waiting around.
    This would be a concrete gesture on the part of management for the investor to be patient.

    I hope Bimmy isn't angry with me ... I appreciate His/Her point, but as I said before ...
    It costs money to produce Au.
    If it was easy we would all be out there doing it.
    Thank you for your commentary.
    Peace and GLTA

 
ABX
12.52-0.12(-0.95%)Apr 24 4:00 PMEDT