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Gold/Mining/Energy : Barrick Gold (ABX)

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To: nickel61 who wrote (3101)5/30/2002 5:02:56 PM
From: russet  Read Replies (2) of 3558
 
You ever going to provide any proof for any of your bullchit and lies about Barrick nuckelhead. The same crap over and over again, but never any proof.

Gold at $325, still no downgrades of Barricks debt, still no hint of declines in cashflow, or production, or reserves, no board resignations, just steady as she goes, Barrick survives another day and makes a big pile of money on their pre sold gold that's still in the ground.

Gold sold at spot is still lower than Barrick's hedged gold. You gata nuts are failing to spread the word far enough to get the POG up. Stop being so lazy and get out and spread the word!

Every week Barrick rolls over some old gold lease contracts into new ones with low long term gold lease rates, and ever higher gold prices than the last few years. This allows them to increase the interest income they will earn, and the average price they will get on their gold in the ground. More guaranteed cashflow for the future.
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