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Barrick Gold Corporation Message Board

  • smittysamigo smittysamigo Nov 3, 2013 12:32 AM Flag

    Are the New Investors Chinese?

     

    Acquiring interest in undervalued miners makes perfect sense for the Chinese.

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    • Maybe, however ABX is NOT UNDERVALUED!!! Barrick will have 12.5 Billion in debt on the books even after raping the current shareholders for a19% dilution...This death spiral share sale is on top of the 3 billion in debt issued in just April of 2013.....

      Barrick will be forced at minimum to remove the Pascua mine from their list of assets...They DO NOT HOLD TITLE TO THESE ASSETS AND HAVE BORROWED CLOSE TO 9 BILLION DOLLARS AGAINST THESE ASSETS AT PASCUA....Re read that again and fully understand what the term FRAUD means.........Barrick will be forced into BK very soon and the shelving is a red flag for anyone who is long this stock...The short interest on this pig is so low that full blown complacency is still evident....Barrick is in some serious trouble here and these troubles will reveal themselves shortly!!!!

 
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