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Barrick Gold Corporation Message Board

  • caixujin caixujin Jan 2, 2013 11:31 AM Flag

    Target $40

    Reasons:

    1. Gold prices will sustain or go higher due to surging consumption in China and central banks buying.
    2. The deal of selling ABG to China National Gold will be announced soon, and ABX's balance sheet will dramaticlly improve subsequently.
    3. ABX gold resources will significantly increase due to positive drilling results at Goldrush.
    4. Q4 EPS will be much higher than Q3 due to increase in sales

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The last talk I have heard of selling Africa Barrick to China was in October,
      and then nothing since then. Do they still plan on completing this deal?

      • 1 Reply to a_littleguy
      • They do. several weeks ago, a Chinese business newspaper reported the deal had been put on a halt, but then China National Gold came out to say the report was not ture and the negotiations were still going on but two sides were divided on issues related to culture and taxes. China National Gold owns a lot gold mines inside China, but most of them are small and with short mining life, and Chinese love doing business in Africa, so I believe the deal will go through. An announcement could be heard next week.

 
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