Dow is up over 100 pts.,Gold is up.ABX won't budge.Any positive news forthcoming any time soon? I'm starting to worry about a company that I thought was pretty good at one time.Any encouragement out there???
In hindsight, it appears they've overpaid for Equinox, now have a lot of debt and not much financial flexibility.
Second, iregarding their JV with NG, it appears NG's properties are never going to get past permitting.
And of course, mining costs continue to escalate for everyone.
I'm not very optimistic, but not selling either as the damage seems done.
they could't sell Africa so now they are trying to sell energy...indicative of the cash flow needs...they have it down as worth 1.1bn but seriously doubt buyer at that level...more write downs, etc., etc. doesn't stop till mid 20s maybe...April is doomsday