You can buy ABX here at 16.5 and get a loan on a brand new car at 3%. Let the dividend from ABX pay for the car and still have your ABX. If ABX goes to 21 sell your ABX pay $4,000 of the car off and hope that ABX goes back down to 17 and do it again except that the $4,000 of stock that earlier covered your car payment can now be used to pay for part of the gas.
BK? all you can talk about is the amount of debt. what about the asset Barrack hold? 14 billion coppers, 1 billion silver , 140 million golds? and over 20+mines.. they can sell their assets to cover some of the debt while waiting for gold prices to rise.
You aren't educated about their debt. They were able to refinance recently at nice rates. The dividend is not gone. My bet is that people will be surprised at the next quarterly earnings report to find that they are selling their gold for higher prices than the gold spot price. This company is also not valued correctly regarding all of the P&P reserves they have in the ground. Pascua Lama alone will cover all of their debt and then some.