Silver Wheaton Corp. Message Board
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ABX is bankrupt as soon as the above is revealed to the masses hence the selling pressure you are seeing...The 13 billion in debt along with the 4 billion they have sold forward renders this company Bankrupt.........
Good luck - Reply to
ABX = TOXIC INVESTMENT cancerous to your pocket = RIGGED DCTORED filings @ SEC + OSC 2 decades
by pascuaforensics •Apr 5, 2013 1:32 PMI have done alot of digging into these allegations concerning Pascua Lama as well as the books of ABX.There are serious red flags with this company that I know for sure...All the miners have gotten slaughtered so this company isnt singled out however this company has sold 2,5 million ounces forward to HSBC off balance sheet from their Pascua mine,,They have also owe SLW serious silver of 600 million in cash if the mine is halted...
Since you are all over this Pascua issue let me know what is going on with the mine if you can..I know for a fact that the dust issue hasnt been stopped and work at the mine has been limited...I also understand the title issue...Do you have any kind of timing on these frauds being completely exposed in Canada and the US? -
That was last quarter....Copper,silver, gold have all dropped in value....Dramatically! The stock is at 27.....Pascua Lama is halted and they have sold millions of ounces forward from that mine...Including silver they owe to SLW....Pascua Lama is going to be halted permanantly for many reasons one of which that Barrick doesnt hold the title for this mine....These ounces sold forward render Barrick insolvent..Those 2.5 million ounces sold forward equate to 3.8 billion they need to come up with immediately to satisfy HSBC...Then you have3 the 600 million they owe to SLW....Get ready...These facts are dire for ABX and actually may ignite a gold rally.....Barrick will not be on board however...
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Before ya tell me this is old news you should read the entire financing collapse and ask yourself what is really going on.....This mine should have been up and running 5-7 years ago..It is not......
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Capitulation will take place when ABX is at 17, GG is around 20....Gold around 1350 silver around 19...
Good Luck -
We need the financial news stations to broadcast this fraud....This company has fleeced billions from all parties involved....They have sold gold/silver forward for years without mining anything....Something needs to be closed out here concerning this fraud!!!
I am wondering why Brent or Jorge hasnt simply gone live on the TV finance stations to broadcast this fraud and hold the title up..... - Reply to
....so as i understand it, if the barrick pascua lama stream doesnt pan out in a timely fashion
by diarnond2001backs •Apr 6, 2013 11:18 PMIt is now a known fact that Barrick does not own the Pascua mine, The Chile side...The Chile side holds 80% of the minerals at the Pascua Lama Site...
The title to the property was finally granted to Jorge Lopenhadria.This fight has gone on for over 17 years...
Beacause Barrick has lost this fight the consequences are severe for all parties involved especially Barrick.Ya see Barrick has sold forward over 7 million ounces of gold to Deutche and HSBC JPM as well....SLW is also owed over 200 million ounces of silver from the production of this mine...
Here is the rub...Barrick has over 13 Billion in debt on balance sheet.When the facts are unleashed mainstream Barricks stock will get pummled. Barrick does NOT HAVE THE LIQUIDITY TO SATISFY STAKEHOLDERS OF THE SELL FORWARDS totaling more than $6 billion..Barrick will be forced into Bankruptcy...SLW should be able recoup the 600 million in cash if Barrick wasnt so levered however that is not the case....
Sticky drama playing out.....Again, the title issue has been resolved.. ALL parties have been notified especially the Canadian FM...... -
OLCA Communications
Santiago - Huasco Valley, Chile
March 15, 2012
In 2010, Barrick Gold requested financing for the Pascua Lama mine from a public financing agency in the United States (Ex-Im Bank) and months later, from Export Development Canada (EDC). Communities affected by the gold megaproject sent information to both public institutions regarding the company’s operations and requested that the financing be denied. Two years later, Barrick has withdrawn its requests.
In 2010, Canadian organizations alerted Chilean communities in the Huasco Valley about a request for financing for the Pascua Lama project by Barrick Gold before the U.S. government agency, Ex-Im Bank. The communities, who seek to defend their water resources and way of life, immediately prepared a letter, signed by more than 20 organizations, identifying a number of serious problems associated with the company’s operations, beginning in 2001. Problems include: outstanding lawsuits before national and international fora, the death of 15 mine workers, irreparable damage to glaciers, state sanctions against the company, and on-going problems regarding water quality and quantity experienced by Chilean and Argentine farmers.
Ex-Im responded favourably to the letter, although contact was not re-established with the bank until valley residents reported being contacted by a consultant representing both Ex-Im and the Canadian agency, EDC. According to affected communities, the consultant behaved suspiciously, undertaking interviews with local residents in the mining company’s office. In some cases, the company facilitated contact between the consultant and local residents, and arranged for translation. Affected communities questioned Ex-Im’s approach and publicly discredited both agencies’ on-the-ground operations.
The agencies acknowledged the community complaint and explained that their evaluation of the company was on-going. On March 1, 2012, Ex-Im published a note on its web site revealing tha -
VW type squeeze on its way!!!!!!!!!!!!!!!11
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How bout the fact vlo is up 100% in a couple quarters......Would that be a reason for people to lock in gains?
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IS NOT GOOD FOR GOLD........The dollar will breakout of its base at 83.5 and gold as well as all other assets will get smashed...The hedge fund community is tied into the derivative market and will be forced to sell gold below 1200...At that point you will want to load up if our civilization still exists.........
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excuses and whatever you wanna tell someone...The fact is the selling in this stock is relentless....The debt has exploded....The stock is in serious trouble.....These excuses are what you hear at the end of a bull market that has lasted 12 years.....Gold very well may explode higher however this company may not follow that move.....There is more here than meets the eye!!!!
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Chilean Government hours away from delivering ABX to Justice + bribed politicians will show up= ABX DEMISE
by pascuaforensics •Apr 5, 2013 12:11 PMWhat I dont understand is why this apparent fraud is not mainstream yet....The courts have ruled and the titles issued to JL.....When is the stock market justice served?
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I have seen you post your drivel for well over 5 years...............As much as I want this stock higher I dont want the retail shrews to buy this stock and then get wiped out in a reversal after Fuerfuk comes out with more drivel!!!
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Stop with this nonsensical reporting of "cases". The delay from the Chinese govt and WHO in reporting these "cases" already denotes that the "cases" in actuality are MUCH MUCH higher....The situation in China is extremely dire and will spread globally...You may not even be able to spend a DIME OF YOUR PROFITS WHEN THIS SEVERE FLU HITS THE GLOBE AND ITS COMMING!!!!!!!
Peramivir may not even treat the H7N9 so your unbridled enthusiasm is being monitored by the increasing short interest in a 2 dollar hollar stock!!!!!! -
There are miners hedging right now....We havent heard about that yet...When it is officially announced Gold will drop 200-300 overnight....Good Luck....
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Still here and laughing at your gibberish....This market is about to put in all out inside out month.....That will mark the end of this trend or should I say BERNANKE PUT!!!!That put has been nothing but a bk force for our grand kids...GET READY...BY THE END OF THIS YEAR THIS MARKET WILL BE SLICED AND DICED!!!!!!!!
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JJJEEEESSSSHHHH what is wrong with this undervaluation....Push this poker where it should be......At least a 30 Billion dollar gem.......
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Yep and it is stillllll cheeeaaapppp per wall street standards.....loooaaaddd upppp
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And the more you post fundementals the higher it will go....Plain and simple...