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

To: Robert who wrote (283)	12/21/1997 4:06:00 PM
From: Ross	Read Replies (1) \| Respond to of 3558

Robert, I believe I agree with you. Barrick is selling for approx. $25.50 Canadian and $17.75 American. I see major support at approx. $14.00 American which is a approx. 20% decline (American).. You see absolute support at $20.00 Canadian, approx.20% decline from the current $25.50 Canadian. Our analysis is similar. I am not "selling" puts I'm buying them.. In anticipation of this decline.. You can buy April $20's (puts) for $3.00. If Barrick goes to $14.00 (American) then you "may" <g> double your money.. I just do not see the bottom yet.. But hey, I've been wrong before!! Happy holidays! Ross

To: Robert who wrote (283)	12/26/1997 2:19:00 PM
From: D LEE	Read Replies (1) \| Respond to of 3558

??Barrick's agreements with Junior Canadian Mining Companies?? some nice news: biz.yahoo.com Wednesday Barrick announced that it has completed the regulatory filings necessary in order to start their 10% share buy-back program. (This is planed to take place over a 1 year time peiod.) Quite a statement of confidence, here. Good added demand and a stronger long term position for the company itself. Barrick should weather these pog changes with ease. They are demonstrating how a fall in the pog can be taken advantage of. However: I would like to know any news about Barrick's new intensions and progress (or changes) in development and exploration on canadian soil, "specifically where they have partnership agreements with any "junior mining companies." If you folks know of any sources for this information please let me know. They do not seem to cover this topic on their web page. thanks, dave