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Gold/Mining/Energy : Gold Price Monitor
GDXJ 87.56-4.9%Nov 4 4:00 PM EST

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To: goldsheet who wrote (95524)6/30/2003 7:38:01 AM
From: d:oug  Read Replies (1) of 116752
 
Barrick Gold Files $1 Billion Debt Securities Shelf
.
Date: 6/28/03
From: LePatron@LeMetropoleCafe.com
To: SiDougak@abool.com
.
The following was announced by Barrick Gold
early Friday evening on a summer weekend.
Obviously, this anti-gold outfit released this statement
at a time that would attract the least amount of attention
and investor scrutiny. Therefore, I felt compelled to do
the opposite and get the news out there.
.
Does Barrick have cash flow problems?
.
Are we coming closer to learning the real reason
former CEO Randall Oliphant was unceremoniously fired?
.
Whatever the reason, this news should be not
be taken well by Wall Street. Pile this news on top of
the Blanchard and class action lawsuits against Barrick.
.
As the year goes on, the Barrick share price is going to fall
further and further behind the unhedged gold companies.
It's poetic justice for an arrogant company that has done
so much to hurt so many in the gold industry all over the world.
.
Barrick Gold Files $1 Billion Debt Securities Shelf
Friday June 27, 6:52 pm ET
WASHINGTON (Dow Jones)--Barrick Gold Corp. filed...
.
PS
If Barrick had the brains they have always claimed they have,
they would take the money and cover their hedges
at the speed which Newmont is dumping
their Australian ones acquired in the acquisition of Normandy.
.
A couple of years ago, the share prices of Barrick and Newmont
were the same. Today, the share price of Newmont has gone
to a $15 premium to Barrick.
.
All the best,
Bill Murphy (MIDAS)
Le Patron, LeMetropoleCafe.com
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