They are retiring the debts... Over the long run, this is good. Debt retirement = improved EPS that takes care of the dilution. Over the long run, ABX as well as IAG should do very well as low all in cost producers.
I agree. I have been long on ABX too long. They just royally screwed their current shareholders. I sold all my shares after hours. I got screwed on this . I knew I should have sold yesterday afternoon but I believed in the company and was wrong big time. This will be at 16 or below tomorrow. Maybe I will buy back if it goes to 12-14. Hate to lose that 1% dividend. What was I thinking. My bad!