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To: Ken Benes who wrote (48570)2/8/2000 4:51:00 PM
From: Enigma  Read Replies (1) | Respond to of 116764
 
The Alice Through The Looking Glass World of Ken Benes:

"Barrick is about increasing supply, regardless of market conditions. Despite yesterdays public relations hype, that is all it was, investors know that barrick is not working for its shareholders"

Only in the mind of Benes would this be considered anything other than stellar success - because it will lead to increased cash flow and exponential growth. And is in the interest of its shareholders. I hope you saw Russett's 15 year graph - or was it Bob's? But then you seem unaware that companies are in business to succeed, grow, increase market share, and enhance shareholder value. Bob posted a table showing that Barrick and others are trading at approx. 10 X cash flow. If cash flow per share increases 50 to 100 percent over the next few years don't you think the share price will follow? Especially as it seems that the multiple is historically low just now (I'm sure Bob has data on this somewhere)

Of course you could have made a lot of money in the Internet Stocks and had you done so good luck to you. But that is a different universe.



To: Ken Benes who wrote (48570)2/8/2000 5:00:00 PM
From: Enigma  Respond to of 116764
 
That quote extracted from your post to Bob J. is so bizzare that it should be just left to stand alone without comment. Sometimes I think you would be happiest in the 'not for profit' sector - there must be a thread for charitable organisations? Where the objectives are purely altruistic?

Of course I can now expect a comment from you which focuses on my advancing years?



To: Ken Benes who wrote (48570)2/8/2000 8:00:00 PM
From: long-gone  Read Replies (2) | Respond to of 116764
 
<<Barrick has and will continue to work against the price of gold.>>

Ken, it should be noted they are coming (a small) part of the way.