The CRA has a claim of 1.5 billion in taxes due against CCJ. That works out to about $4 a share. Shareholders should find out if and when CCJ decides to go to court or settle. SLW lost but the good news is the stock only dropped 12% when a similar tax claim was settled.
Anyone know if CCJ has settled Canada's tax demands? I read 6 months ago that Canada is claiming CCJ
owes millions in taxes on revenue earned offshore. Have they settled?
Hard to believe. If true, why didn't Carl Icahn buy the company and liquidate it. The book is 3.28? If you can convince me the numbers are true, I will help drive the stock higher.
Unless they want to drive the stock down to buyout the company? Book is 16 dollars. In a rising real estate market.
Yahoo is showing adam and barry portnoy own over 1 million share of snh each. That is a big incentive to drive the stock higher. Why mismanage the company if they get hurt worse than us?
Anyone heard whether CCJ has settled the complaint against them by the Canadian Revenue Service?
Am told Canada is asking for over 500,000,000 in taxes.
China likes gold and could buy out ABX at this price. It would cost them about 11 dollars a share which is cheap with you consider what the cost of a new mine is. Nem and ABx are now selling at book value.
With the lowest costs in the industry, $852, ABX will be the last to fail and will be still standing when the rest are gone. Saw this in 2001 with copper. When the price of gold gets close to the cost of production miners will reduce supply by shutting down mines. That will be the bottom. The day any of the miners announces a shutdown resulting in reduced supply. Less supply and the price of gold will start to rise taking the miners up with them.