RE:RE:Barrickthasis wrote:
Barrick Announces Plan To Reduce Debt Launches $3.0 Billion Public Equity Offering
Well the mulling from yesterdays news is done
https://www.marketwired.com/press-release/barrick-announces-plan-to-reduce-debt-launches-30-billion-public-equity-offering-nyse-abx-1847287.htm
Barrick is doing this deal at a price of $18.35 per share (the "Offering") so
This is how bad the gold sector is: Barrick ABX needs to discount shares by approx. $3 each to raise $3 billion. What does this say for the juniors?
Confirmation that Sandstorm has a tremendous opportunity to negotiate deals with a $200 million War Chest in a desperate market. Betcha Nolan wishes he raised $300 mil instead of $150 last September.
Patience dear Watson patience.....