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


To: russet who wrote (3217)12/18/2002 11:00:32 PM
From: Dundee Maples  Read Replies (1) | Respond to of 3558
 
Just a note I sent to Barrick. Maybe other folks should be asking them this question. Yes, I own Barrick ... a strange affair for me. But my homestake sold out at the market low - damn them.

Richard S. Young
Vice President, Investor Relations
Telephone: (416) 307-7431
Fax: (416) 861-0727
Email: ryoung@barrick.com

Richard,

Barrick has been touting its hedging plan for years and now in a real bull market your stock is lagging the gold index. It has been lagging the index for the last 20 months. It has been increasing its poor performance in the last three months. Today we have gold at $350 per ounce (Dec 18th 22:08 NY time) and Barrick was down $0.10. Barrick is the biggest drag on the XAU, can tell me just why that is?

As a stock holder of Barrick I expect Barrick to move up in a gold bull market. I think you owe your stockholders an explanation.

Sincerely,

Dundee Maples
Dundee007@aol.com