RE:RE:TakeoverI would think Barrick's CEO would be smarter than that. With Goldman calling for $2,300 gold and BofA calling for $3,000 gold, gold is now repricing itself around the $2,000 level and the repricing will continue as gold marches higher. Problem is the investing public has the same attitude as the Barrick CEO. The current price of many gold stocks nowhere close to reflects gold priced at $2,000 as many gold companies see their shares priced lower today @ gold $2,000 than they were priced several years ago with gold trading at $1,600. Barrick's CEO needs to face the stark reality that gold is not going to reprice itself at lower levels. Potential buyouts with any junior had better happen sooner rather than later, if not major gold companies will be paying higher prices. As Kaiser says in his current newsletter....
"Given that $2,000 is the new base for gold, base metals are poised for an infrastructure spending demand boost, and a surge in discovery exploration spending that is bound to deliver surprises, possibly even world class scale discoveries such as we enjoyed in the late 1990s with the likes of Ekati and Voisey's Bay, I believe that after a decade long bear market that brought the juniors to the extinction threshold we are about to witness a broad based bull market like we have never before seen in the resource juniors."