RE:RE:RE:Barrick CEO calls Great Bear Resources cow sh*ttbnorthstar wrote: AlwaysLong683 wrote: What a bush-league comment from Mr. Bristow.
Even if he / she is genuinely not interested in acquiring a rival, any CEO with any degree of professionalism would not use such awful language and mockery, especially on the record. It's simple: say you don't think K would be a good fit for your company and aren't interested in pursuing an acquisition of it (or words to that effect), thus ending speculation without resorting to insults. Like they say in sports, don't give an opposing team any "bulletin board material" to serve as additonal motivation.
If, as the article state, Barrick "....had long coveted" GBR, interesting to note that Bristow became CEO of Barrick in January 2019 (3 1/2 years ago) so I assume the "coveting" went on during his tenure. Sounds like sour grapes to me.
I assume that in characterizing "......the assets as marginal and compared them to cow____", he's referring to K's portfolio of assets taken as a whole. If he believes that, that's fine, don't acquire K, but don't publicly bash them either.
As one of the characters from the cartoon show "Fat Albert" once said: "(Bristow) is like school during summer vacation. No class."
Kinross paid top dollar, as the always do:)
I don't think they overpaid for GBR. They paid $1.9 billion and it could end up being a resource of 8 to 12 million ounces of gold. I think Kinross got a good deal with GBR. The issue with Kinross is having to sell off their Russian assets dirt cheap because of the current mess over there. All the more reason to invest in politically stable regions like Canada. That is why I have invested in NFG over others because foreign countries can throw curve balls at you at anytime.
I'm having a flashback here on the rum and I believe Kinross got screwed before about 15 years ago down in Ecuador with Aurielian Resources ARU. It sticks out in my mind because of the cr*p that went on with the government down there. I think they paid over a billion for that one but the government pulled some skull duggery move and the Lundin family ended up with it for peanuts. And I think Sprott was tangled up with that one with an investment as well but It either fell through or the whole thing soured because of corruption within the government. Just going by memory but I remember seeing one drill hole that was absolutely phenomenal with like 8 g/t over 200 meters or something crazy like that. It was an incredible gold discovery with more than 13 million ounces. Anyways be careful where you invest is what I'm getting at. NFG has everything going for it and I think it will be a happy ending for us eventually.