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Barrick Gold Corporation Message Board

nmauz1 3 posts  |  Last Activity: May 8, 2014 1:29 PM Member since: May 10, 2013
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  • Reply to

    ...those who bought at $0.22....

    by txjur46 May 7, 2014 4:33 PM
    nmauz1 nmauz1 May 8, 2014 1:29 PM Flag

    With all the names and problems they have had recently it is entirely possible that I am mistaken.....I don't think so though because this person/sub-division seemed to be where all the recent problems have been. TRIT has been very difficult to follow closely. All in all though I have found them to be upfront and legitimate in their statements and reports.

  • Reply to

    ...those who bought at $0.22....

    by txjur46 May 7, 2014 4:33 PM
    nmauz1 nmauz1 May 8, 2014 1:14 AM Flag

    Here is the company press realease
    Tri-Tech Holding Inc. Announces Divestiture of Beijing Hua Xia Yuan Jie Water Tech Co., Ltd.
    PR Newswire Tri-Tech Holding Inc.
    April 22, 2014 12:00 AM
    BEIJING, April 21, 2014 /PRNewswire/ -- Tri-Tech Holding Inc. (TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that, the Company's Board of Directors has approved the divestiture of Beijing Huan Xia Yuan Jie Water Tech Co., Ltd. ("Yuan Jie") by selling the Company's 51% interest in Yuan Jie to the minority owner of Yuan Jie.

    View photo
    .CNTH016LOGO
    For its 51% holdings, the Company is expected to receive total compensation of approximately RMB 10 million, including approximately RMB 2 million in cash from the minority owner of Yuan Jie and repayment of a loan and related interests of approximately RMB 8.1 million to the minority owner.

    Peter #$%$, Executive Director and CFO of the Company, commented that, "The Company engaged an independent expert to determine the fair value of Yuan Jie based upon the financial analysis and possible projections of future business of Yuan Jie. We expect the divestiture to help the Company to further improve its cash position as well as debt ratio."

  • Reply to

    ...those who bought at $0.22....

    by txjur46 May 7, 2014 4:33 PM
    nmauz1 nmauz1 May 7, 2014 6:54 PM Flag

    No the chop has not returned. They sold the company in question back to the original owner. As long as they actually receive the funds it is acceptable ( but not optimal )

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