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Partially because of the holdings of BHP and Newcrest I would imagine
Sean, if Barrick's CEO was playing poker, he wouldn't bother responding to a random stranger.
One of the constant themes on this BB - something I'm also guilty of - is a desperation to think that there is something else going on behind the scenes, a grand game of chess being played. In this instance I think we just need to read the email as it was written - unfortunately SOLG isn't a viable option for Barrick Gold.
It's undoubtedly been a tough year for many as rising costs have eaten away at profits, leaving investors sitting on the sidelines waiting for basket prices to find some strength.
SolGold in comparison should be building from here. It won't be long before it's AGM season and providing Scott and Co edge through then it's on to the revised mine plan which ought to breathe fresh life into the story. If the company can demonstrate an ability to push on (even if this means some faux willingness comes with it) then I suspect someone will take the bait.
A glimpse of how some are doing YoY. Some will have had larger/smaller divi's etc so need to bear that in mind.
In the green
1. Southern Copper UP 20%!!
2. Grupo Mexico UP 12%
3. FMG UP 4.5%
Neutral
1. Rio (relatively unchanged at 0.5% down)
In the red
1. Newmont DOWN 21%!!
2. Vale DOWN 18%
3. Barrick Gold DOWN 14.6%
4. BHP DOWN 8.6%
5. Freeport DOWN 2%
A few others out there but hats off to FMG.
Some metals in higher demand etc so will skew performance but then that's what's it is all about... getting the right mix and balance to suit the demand. At the right cost. Some will have projects in advanced status and others will be scratching around. I think Barrick are certainly scratching around if they are looking at P.akistan.
Of course Sean, and that's why I wrote "Make of it what you want", who knows what Barrick really wants to do and whether they would tell a random stranger anything. I am non the wiser as well.
I just thought I would share it as getting a reply was really a long shot and he was gracious enough to respond within a day.
DM, I most certainly haven't. So much for the protestations of improving shareholder communication!
Actually, I suspect what they meant by that was improved communications with BHP, which is all fine and dandy until SC needs the support of us minnows in two months time.
SharketMare would someone really give the yes or no on a potential billion £ acquisition in an email to a random stranger? No one is saying it's not true, only that - looked at rationally - the email is actually vague enough to possibly mean nothing. It might even be the plausible denial of someone holding their cards close to their chest.
The desperation on this thread is embarrassing. Some of you seriously need to get a grip. Or a job.
TI - thanks for sharing. Never underestimated the power of well written and courteous email!
Barrick are suffering. Whether that's due to their 'filters' who knows or just market woes but share price was $20 in May and hit lows of $14 in early october.
That's a huge fall for a multi-billion dollar company.
Sometimes filters get tweaked and other times CEO's get tweaked. As Newcrest's Sandeep 'Tiswas' Biswas found out.
The other obvious answer is to say nothing. Which most CEO's of multi billion dollar outfits would do. You'd think he should be a tad busy with his business to answer some email from someone that he knows nothing about etc.
I think it's quite revealing. But then... that's down to the individual.
It is the only possible answer. He can't say we are interested.
Needalife you are a veritable Henry Kissinger.
DM,
"ADVANTAGEOUS LOCATION ACCESSING EXISTING INFRASTRUCTURE"
Page 12 of September presentation.
Read it.
You seem a bit irritated these days and the nit picking feels a bit junior.
Adikt. you are as naive about world affairs as you are investing.
your little country is the master of black arts,
your little England views say it all
If my memory is correct i think Barrick calculate a mines gold value based on $1200 per once, and it has to make a profit at those levels, not sure about copper prices for profit calculations
Not foreseeing something and completely denying it are 2 different things .
Simple but important message.
https://www.skysports.com/watch/video/sports/football/12981797/norwich-city-launch-powerful-video-on-world-mental-health-day
Email him back and ask how P.akistan is getting through his filters lol!
The mining industry is smaller than many think but great to see Barrick CEO having the time to email back a pi. Some might say... he almost wanted to email back and say he's not interested. Mmm. I like that. And what happens if your filters get adjusted (as they do) Mark? Plenty of wriggle room for him there.
Back from therapy are we?
Sounds a bit like Michael Heseltines oft quoted "I do not foresee any circumstances under which I would challenge Mrs Thatcher.'
The guy was hardly likely to say yes, we have them in our sights buts please keep this hush hush.
Morning TheItalian I'm sure he would know about us Steve Garwin has a position For Japan Gold which is aligned with Barrick Gold Corporation
Pinot
:0)
Oh dear...there goes my great white hope...
However, "we know Solgold well..." menas they've run the rule over it...that augurs well for interest from other Miners...
Remember yesterday one of you was talking about Barrick? I thought I would take my chances and email Mark Bristow directly (mark.bristow@barrick.com) to ask him whether Barrick would know SOLG and have an interest in them.
Unexpectedly, he just replied, his answer below and not what we would hope:
Dear XXX,
We know SOLGOLD well – unfortunately, we do not see it as passing our strategic and financial filters.
Regards
Mark
Make of it what you want, I just find it hilarious that he would actually respond!
Does any of you want to try other relevant CEOs?
Morning all
Many moons ago Maxit was also the strategic advisor to Orbis (DGR) After the aggressive takever bid from Semafo.
Pinot
:0)