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Barrick Gold Corporation Message Board

  • bobbleaque bobbleaque Oct 31, 2013 9:13 PM Flag

    Be Prepared For Another Equity Raise In Nine Months

    because $3B is not enough. Bagholders will be so diluted they will no longer be able to physically hold the bags containing millions in worthless ABX shares.

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    • That is the problem with ABX. They could issue more shares to raise more funds and pay debts in the near future . It sounds like robbing Peter to pay Paul.

      Sentiment: Hold

      • 1 Reply to tranle447
      • Come on guys...You sound like this is the first company to issue stock to pay down debt. What turnip truck did you folks get off of? It's done every day gang. Take a deep breath and relax. If the debt is costing you say 10% every dollar that goes down to pay it saves 10%. If the ROE is not above 10% because of the current price of gold it's better to pay off debt then sell more gold. That simple. First everyone here complains about how much debt the company has, and then when they decide to do something about that you folks complain that they're diluting shareholders? Morons. Go buy a CD and get lost in process!

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