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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (2206)3/29/2002 12:31:29 PM
From: nickel61  Read Replies (1) | Respond to of 3558
 
As revealed on Wednesday, both insiders exercised options to buy stock in February. Mr. Mulroney bought 237,500 shares, Mr. Sokalsky 37,500. Both sold the stock immediately. Mr. Mulroney was left holding 1,000. Mr. Sokalsy, it turns out, directly owns no stock in the company.

Both insiders may well have good reasons to dump their shares.

But if not, given Barrick is the most successful gold mining concern in the world, what do these trades say about the stock's prospects, even as investors clamour for it?

-END-

Right on! Could this be a closet Café member who wrote this? The fact that the CFO of Barrick owns no shares in his own gold company on the eve of one of the grandest bull markets of all time says it all.