Maybe BHP will take a look, and say why don't you just give me everything that you have for $28 share. It would be accretive to BHP EPS. i think at $28.
Because Barrick has too much liability with other mines, nobody will make an offer for Barrick. The title fraud issue in Chile with the ownership of Pascua Lama is a major problem for Barrick.
BHP sells at 14 times earnings. They could pay $35 for ABX and it would be accretive to earnings. They could clean up the balance sheet no problem, and diversify by adding 140 million ounces of gold to their portfolo.. Why not?
cause I own ABX. If I sold abx, it will get bought out at 40 a share the next day. I sold my VRTX at 52 and a month later, it's 85. shoot me please
Mines can barely afford to stay open right now as it is. No one is buying.