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China National Gold's look into acquiring African Barrick Gold (ABX) is the latest in a series...

China National Gold's look into acquiring African Barrick Gold (ABX) is the latest in a series of moves by the country's producers to fill a supply shortfall - China consumes 800 tons gold/year, but produces just 360. The gold is nice, but there is knowledge too - foreign technology allows drilling 3X deeper than is currently done in China.
Comments (5)
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    So not only gold, but most or all of the latest drilling technology, everywhere it applies, the Chinese do not have. More obvious than gold is oil. With all of the deep oil that is being found in North America, I am sure the Chinese will want to get in on that technology. Make sure they pay market rate this time. Like the Japanese before them, the Chinese have reaped huge gains from past cheap technology transfers. Keeping close track of these these transfers and insuring full dollar for them is probably essential for future western prosperity.
    17 Aug 2012, 11:27 AM Reply Like
  • Clayton Rulli
    , contributor
    Comments (2472) | Send Message
     
    ABX needs to sell off all that garbage and then invest in NG project
    21 Aug 2012, 05:14 PM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    If you call it garbage, there will be no buyers. How about getting in the game here and tell us what assets Barrick should sell and why.
    22 Aug 2012, 02:23 PM Reply Like
  • QuantRec
    , contributor
    Comments (438) | Send Message
     
    just a rumor... buy the rumor.... sell the news...
    23 Aug 2012, 11:08 AM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    I do not know any traders who make any money. Who are you kidding? Only yourself from all appearances. Get a life. Go do something productive. You will thank yourself for doing so.
    24 Aug 2012, 10:51 AM Reply Like
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