abx hit a low of 61 cents (roughly as it's either 61 or 62) in june Q. Then hit 87 cents I think in Q3. Now it's 1.11 so they are increasing earnings and hopefully building shareholder value. This stock should be up $2 bucks in PM. Guess with gold being stuck in mud, abx is in mud.
hey, yeah, I'm in ABX (33's) and have played it for years. some gains, some losses. I sold a little today but my bulk is at 33.5's. yesterday was the day to buy but the news was good so I think this tracks to 33-34.
it is hard to digest the numbers. On the one hand earnings but on the other hand, there reserves took a hit with Lumwana - some folks think the write down does not matter but it does as it affects the amount of copper they think they have and can eventually economically produce.