I just looked at a Yahoo finance chart ABX going back 5 years.. I OVER LAID ABX DIVIDEND PAY OUTS ON THAT CHART AND NOTICED A VERY INTERESTING, AND VERY HOPEFUL PATTERN... On at least 10 out of the last 12 pay outs..THE EX DIVIDEND DAY CORRESPONDED EXACTLY WITH A PEAK IN THE STOCKS PRICE... even when down, the stock ran up until the ex div day.. ABX just announced that it will pay a 20 cent dividend on March 15th, WITH THE EX DIV DATE BEING 28 FEBRUARY... IF the pattern holds, we can reasonably expect this stock to run up until that date..OF COURSE, IF EARNINGS ARE REALLY ROTTEN TO0MORROW, IT COULD EASILY PLUMMET EVEN MORE BEFORE RUNNING BACK UP. so that ex div peak COULD be lower than what the stock is trading at today. A silver lining to the clouds... or clouds behind the silver lining???
I think the concern is over the mine that was to cost around $2.5 to $3 billion to start and is now costing ABX and us shareholders $8 billion they really need to tell us that they have a control on costs that's what will move the stock. Also selling African Barrick and that energy company they/we own.