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Barrick Gold Corporation Message Board

  • afarrell_2001 afarrell_2001 Apr 30, 2013 4:39 PM Flag

    PL disaster could have a silver lining

    They'll probably mothball the Argentine side in a couple of months if it looks like getting past the injunction is in doubt. No question that writing off the 5B they've already spent would be ugly, but the stock price already reflects it. But then the 4B more that they would have spent gets saved or reallocated. This helps the balance sheet a LOT over the next year or so (though obviously it's bad to not have 800K cheap ounces a year for 25 years. ) Plus, it gives them the ability to move Goldrush up the pipeline by 2015 or so, which is in Nevada, the most mining friendly place on earth. All in all it might be better to have the whole nightmare behind them than keeping it in the spotlight for years to come.
    Also the 3B they raised yesterday should remove any short to mid term solvency issues.

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    • sounds like companies should tell argentina and chile to frock themselves and to starve. dopes

    • Barrick’s Lawyer Caught In Lie By Chilean Judge

      NEWS RELEASE
      April 10th, 2013

      Mountainstar Gold Inc. (MSX) (the Company) updates shareholders and the investing public of the following developments in Chile. Mr. Juan Guillermo Torres Fuentealba, the Company’s Chilean lawyer, informs of recent proceedings in the courts as follows.

      On April 5, 2013 in the 17th Civil Court of Santiago, Chile, case number E-304-2012, titled Minera Nevada SpA, the following resolution was established on the criminal charges against Barrick Gold Corporation’s (Minera Nevada SpA) Canadian / Chilean lawyer Laura Phyllis Maria Emery.

      Emery had stated under oath that the company she represented, Minera Nevada SpA
      Barrick/ABX), owned the Tesoros concessions, not the mining engineer Hector Undo Llanos, when she was deposed at the Fiscalia Centro Norte, Santiago, criminal court in early 2013. Minera Nevada SpA had testified under oath, in Vallenar in 2012, that it had never owned the Tesosos concessions.

      Emery was caught in this lie by Madam Justice Isabel Reyes Kokisch. Justice Kokisch knows the entire history of this case, as she was the Chilean Supreme Court Justice that Barrick tried to have disbarred for her Supreme Court ruling in favor of Mr. Jorge Lopehandia in 2006, regarding ownership of Mina Pascua, Chile.

      It is time for Barrick Gold Corporation to advise the investing public of these criminal
      proceedings. They have falsified their OSC/ SEC filings with regard to the ownership of the Tesoros concessions. Barrick Gold Corporation (Minera Nevada SpA) does not and never have owned the Tesoros concessions. The titled owner of the Tesoros concessions is Mr Jorge Lopehandia, in partnership with Mountainstar Gold Inc. (MSX).

 
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