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Barrick Gold Corporation Message Board

  • csco_brat csco_brat Apr 20, 2013 10:01 AM Flag

    BHP could pay $30 for ABX and it would be very accretive to their earnings/cashflow

    I don't think it will happen. But it could. They will surely talk to them about the 3 australian mines that they would like to sell. Why not just ask them to name a price for the entire company while they are at it. HAHA. Come on folks $18/share. Really?? How long will this last.

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    • I don't think abx would sell out for 30 unless the top brass got some consessions in that the stay, get huge options and business as usual for them as a subsiduary of BHP. I'll take 30 this week and lose 10%. I'll make that up in a few other stocks.

    • Barrick's share price is going down for one reason, Pascua Lama. Barrick has tried to get this mine into production since building Pascua in 1996 with production targeted for the year 2000. With the title dispute ongoing in the Chile courts Barrick was recently found to have lied to Chile's criminal court over ownership of Pascua titles and in fact Barrick has never owned these Pascua properties which ABX has reported to own regulatory filings. Due to Barricks fraudulent regulatory filings ABX reported that the Pascua Lama construction on the Chile side was halted for Environmental and Regulatory issues.investors are aware of the Environmental problems, we will son hear more about Barricks regulatory problems and the liability that will bring to ABX.

      • 1 Reply to voodoo.three
      • Well, if they don't own the mine as you say, maybe it doesn't matter. They own all the mining operation and capital investment. I'm sure they could strike a royalty deal with who you say is the rightful owner. It is worthless to him without $5 billion investment of his own. give him $50 million a year and smooth talk a few gvt officials with a few suit cases full of cash, and lets get this pig in operation. LOL. I enjoy your posts though and keep the info coming.

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