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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (65572)3/13/2001 2:39:02 PM
From: goldsheet  Read Replies (1) | Respond to of 116815
 
<Don't get mad at gold stocks, just try to get even !>

> That's not my job, it is the job of all these larger companies (not just ABX) to turn things around for their shareholders

That is a very positive position.
Also, good news for Barrick since they have not dropped as much as other gold stocks, therefore they are closer to acheiving your goal. Of course, this is not a defense of Barrick or its management, just a simple mathematical observation:

A 50% loss requires a 100% gain
A 75% loss requires a 300% gain
A 90% loss required a 900% gain
A 95% loss requires a 1900% gain
A Chapter 11 filing requires a ????? gain