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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (14677)6/24/2002 10:25:55 AM
From: Jim Willie CB  Respond to of 36161
 
Barrick cash mgmt disclosures point to margin calls
they no longer hold corp bonds in cash
that cash is probably sent back to JPMorgan et al
how does one define "margin call"?

Barrick claims they can forever roll over underwater contracts
that is utter horsesheet nonsense
can they roll them over for 15 years?
and up production with no new discoveries?
and run out of reserves also in 15 years?

I sincerely doubt that Sprott of the National Post was cleared to view hidden contracts with Barrick gold bankers
Sprott was shown what Barrick wanted him to see
Barrick is deeply exposed
this is pure damage control
/ jim