Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Ken Benes who wrote (3450)	10/30/2003 12:56:30 PM
From: russet	Read Replies (1) of 3558

Only an idiot would think my previous analysis of Barrick's financial statements, in particular their hedges, predicted Barrick should be flying,.... But all the "bears on Barrick club" members like yourself said Barrick would financially self destruct at POG's below current levels, and go bankrupt, and the board and management would be sued out of existence because of the hedge,...so I ask you,...why are they not bankrupt as you all predicted? I correctly predicted they would continue to make money quarter after quarter in spite of the hedge, and they are. Few gold mining companies have much to show for earnings even with near $400 POG,...unless you count the mining of shareholders they have been doing by floating multiple share offerings over the last few years. P/E's are like dot commies of the 2000 scam days. In average they all have had dismal performances. So run along to another sandbox Kennie, and pester someone else. If Barrick's hedges blow up I promise to give you credit for incredible foresight and analytical acumen.

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