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Barrick Gold Corporation Message Board

  • df2830 df2830 Jul 12, 2013 2:08 PM Flag

    Gold seems to be holding up its end of the bargain

    But the miners are cgrap.

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    • The market lost confidence when Barrick delayed their Pascua Lama Project for the 20th year, when spun a bunch of class actions against Barrick following the legal action in Chile which has criminally charged Barrick for title fraud at Pascua Lama. Investors have lost hope that the regulators that are supposed to protect investors are obviously looking the other way and allowing Barrick to fraud the market with Pascua Lama titles Barrick does not own. Expert Reports indicated Barricks lack of titles cover the deposit of Pascua Lama, as Barrick does not own the rights to mine the Gold and Silver with AMARILLO 1-3000 or Tesoro 1 1/30 to Tesoro 12 1/5.

      Barrick has created so much uncertainty by continuing their Pascua Lama fraud which is going into its 20h year. The manipulation of Gold and Silver was only after ABX was halted at Pascua for Barricks self inflicted environmental damage shown on the video released by the chile media. A couple of months after Barrick was criminally charged with Pascua Lama back in Oct 2012, Barrick released waste water down the rivers at Pascua Lama to try and get the project delayed or get an excuse to walk away... The so called waste water management issue Barrick needs to deal with is just an excuse, Barrick already knew about the waste water management back in 2009 when the environmental permits were in place then. What is happening is fraud from Barrick at Pascua for not owning the titles to the deposit legally. It's a dispute that has been going on in the courts of Chile for as long as Barrick announced the project back in 1996. Unfortunately for ABX, Mr Lopehandia has need successful in his litigation and has certified domain to the titles that cover the deposit of Pascua Lama on the Chile side.

      TECHNICAL REPORT LOCATION: MINA PASCUA (PASCUA-LAMA) PROJECT, CHILE

      Catalino Albanez Vergara, Ingeniero Ejecución en Minas [T.N.: This appears to mean Mining Enforcement Engineer; hereinafter I.E.M.], Expert Mine Surveyor since 1980 and Court-accredited Expert for the Appeals Court of La Serena, domiciled at “Pasaje Los Olivos 955”, La Serena, hereby states:

      1.-Nevada Mining Company 1994 PASCUA-LAMA PROJECT THE AMARILLOS 1 THROUGH 3000.- This mineral deposit (PASCUA-LAMA project) is located inside of the AMARILLOS 1 THROUGH 3000 mining properties and it is in turn located within the groups of mining properties TESORO FIVE and TESORO SEVEN, where they are located as shown in the report presented to COREMA and the pertinent entities and public opinion for the purpose of obtaining the corresponding sectoral permits for the development of the mineral deposit denominated PASCUA-LAMA, which is complemented with photographs from “GEOGLE” [presumably “GOOGLE”] showing the whole yellow mountain (alteration deposit) which is also mentioned in the official Survey Record, in the chapter entitled “Acceso al HM” [Access to HM]; the same is described in later surveys of the TESORO FIVE and TESORO SEVEN groups.

      CONCLUSIONS REGARDING LEGAL TITLE AUTHORITY AS AT JUNE 15, 2011. To this date there are no valid marginal annotations on these title deeds in the name of Barrick Gold Corporation-ABX of Canada, Barrick Chile or Minera Nevada Limitada, according to an original copy of same which I have before me. The original 2011 copy DOES certify by means of a marginal annotation the litigious rights of Mr. Jorge R. Lopehandia Cortes as the first-claim legal right to title.

      FINAL CONCLUSION The properties LOS AMARILLOS 1 through 3000 and TESOROS should not have been included in the list of mining properties as being the property of BARRICK GOLD CORPORATION-ABX of Canada, due to the fact that these properties have not been nor are they now registered in the name of said firm at the Registrar of Mines of the City of Vallenar, in the Atacama Region, Republic of Chile, in conformity with Chilean law. Moreover, these title deeds could not have been transferred or sold or contracted in any manner whether in Chile or abroad due to the fact that a prohibition is in place, granted by a Chilean Court which prohibits the carrying out of actions or execution of contracts

    • confidence isn't there yet ... gold hasn't gone up much, until it breaks upwards through $1350/oz you won't see much upwards movement in ABX

      Sentiment: Hold

    • DEBT

 
ABX
11.89-1.04(-8.04%)Nov 28 1:00 PMEST

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