Seeking Alpha

Omer Altay

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  • Barrick Gold: A Compelling Risk/Reward Proposition [View article]
    GG is definitely the "safer" player, but ABX has a lot more upside in the short term. If I profit off this trade I'll likely buy GG/ABX/NEM in equal bits and hold onto them for at least a year, unless things fundamentally change in the mining industry. I think these big miners just got way ahead of themselves in leveraging up and expanding as fast as possible. Cost cutting and playing it safe should make them much more profitable, at the cost of slower growth.
    May 10 02:48 PM | Likes Like |Link to Comment
  • Barrick Gold: A Compelling Risk/Reward Proposition [View article]
    Good analysis. I'm not too interested in Gold, but I bought OCT18 calls. I may exercise them and hold onto them when oct rolls around if they're still in the money. Only reason I'm interested in ABX is the unprecedented value. Below book value on ABX is crazy.
    May 10 11:29 AM | Likes Like |Link to Comment
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