Barrick Gold (ABX +4.4%) shares spike on rumors the company has been approached by many...


Barrick Gold (ABX +4.4%) shares spike on rumors the company has been approached by many different buyers about its assets. Shares already were higher after Q4 adjusted earnings came in at a better-than-expected $1.11/share.

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Comments (2)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    I´ll give 10-1 odds its the Chinese
    14 Feb 2013, 10:36 AM Reply Like
  • TDWelander
    , contributor
    Comments (624) | Send Message
     
    This is probably not the time to be selling assets. This is the time to solve the problems with those assets making their return competitive.

     

    Buying other peoples problems is usually foolish; even though it almost never looks that way until the asset has been examined in detail over a year or more after purchase.

     

    Stop wall street from calling any non financial shots. Core product decisions need to be made by in house management; especially anything that spills over into comparing assets; or nearly everything. Or wall street input needs to be kept extremely narrow with in house focus on asset comparisons to come up with the most accurate picture; prioritizing assets based on internal rate of return, I emphasize internal.
    15 Feb 2013, 09:37 AM Reply Like
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