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Gold/Mining/Energy : Barrick Gold (ABX)
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To: russet who wrote (2574)5/9/2002 9:39:04 AM
From: nickel61  Read Replies (1) of 3558
 
Cash flow will flow at expected levels unless there are some things that impact it that Barrick management either didn't anticipate or their computer model didn't factor in or they just plain forgot to make clear to us. The whole reason that the analysts are pushing for more full disclosure is that in the post Enron enviroment the shareholder is not willing to take the management's word for it. That should be pretty clear. You might be willing to trust them but evidently their shareholders(of which you claim you are not one) are apparently not sure they do. Transparency means being able to understand what the hell they are telling you with out personally inspecting each line of code in the software model they use to price the damn hedges. I suppose you are going to tell me that they have all the various parameters of the software model that they use to price these hedges with in the financial statements as well. Could you tell me which page, Please?
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