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To: Alan Whirlwind who wrote (36003)	6/27/1999 4:17:00 PM
From: goldsnow	Respond to of 116752

No, they are using their low costs and forward selling to drive their competitors out of business and suck up lots of nice prospects for peanuts>>> And that is exactly what it is..It is no different than Intel suffocating other chip-makers (competitors) in the glut enviroment ..or even creating glut The lower the POG the more market share goes to ABX-likes...It is much worse in other industries....Cisco, Applied Materials or Intel are good examples Big Airlines are the other

To: Alan Whirlwind who wrote (36003)	6/27/1999 5:48:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116752

ABX are in business - which with a public company means to maximise returns for shareholders - driving competitors out of business is not a primary objective - in fact the majors need juniors to find properties - most are found this way. If competitors fall by the wayside it is not because of Barrick - and I can't think of any competitor of Barrick's which has been, or is likely to be, driven out of business. You don't need to write a thesis - but should re-assess your comment about Barrick shooting itself in the foot - your last posting acknowledges the strength of Barrick. d