once they sell energy, africa gold and the australia mines, then the debt might go below 8-9B total. That will take care of all debt before 2017. Then they need to fix, sell rights, or close PL and move on. Wish they can find a new mine somewhere else and tell chile to frock themselves. I see abx over 30 if they do all of the above.
they have to own them. but with all the BS, I'd sell the mine or close it and tell Chile to go stick a mine shaft up their but.
ABX just made 850MM bucks. Last Q, they made 1.1B bucks. Why don't they put both of that towards the debt and get it down almost 2B from 13.5B to 11.5B????? what the hellll are these dopes doing????
CEO and Board - Put that heading on a huge billboard in your lawn of your HQ's and sell the lousy company at $30 or higher asap. You're not doing a good job and are a bunch of hacks. Sell and let someone else fix your mess
this sinclair must be senile and king world is TP reporting as my guess. This dope has predicted higher gold and it's always dropping. he's a broken record.
what worries me is that abx was 27 with gold a 1550 and gold is less than 80 away from that and abx is 19. I think right now, gold can reach 2000, and abx won't be 22.5
that I doubt. it might hit 20 but not 30. it will take years to hit 30 unless BHP, VALE or RIO does a deal. They'd be stupid not to as their MC's are huge compared to 30B buyout for abx.
I say earnings will be close or beat. ABX to be 18.50 or 19.00 tomorrow. I'll be away from my computer all day and will see when I get home. I hope they rise from here. It will be short lived though.
I just talked to the CFO. he's a friend of the family. He said they are close and are working on documents for BK protection. I sold all my long shares and went short to ride it down some. With the profits, I'll give some to the CFO for helping me out. Take care.
how can they be bad? gold was 1600 for the quarter. even if they did 60 cents like they did a few quarters ago, that's still 2.4 per year or PE of 7.5. Doubt they do less than 0.90 but we'll see. If they do over a buck, we'll see 20 at the open. Go to NEM's site. they said 1600 average selling price and 1.165 million ozs gold. Some are going to merge or be bought out. this drop is insane.