GREY:DRGDF - Post by User
Post by
peep2on Aug 09, 2018 6:18am
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Post# 28431870
From barrick's site has 11000 workers and 10 mines worldwide
From barrick's site has 11000 workers and 10 mines worldwidehttps://www.barrick.com/home/default.aspx "
Barrick has 11,000 employees, with mining operations and projects
in 10 countries"
10 countries, 10 countries!!!!!!!
DGC is in one country and is a breeze of an operaton compared to
the mess of 10 countries a lot of them emerging markets that won't
be easy to deal with when a world recession happens, ie crash.
Canada a beautiful country vs 10 or so emerging markets countries.
From Wikipedia, Barrick gold is the largest gold company in the
world but all it can show for it is a $14 price. DGC is $12 and is
puny in comparison to it.
https://en.wikipedia.org/wiki/Barrick_Gold
"Barrick Gold Corporation is the largest gold mining company in
the world."
Why would we want GDG's 175 million shares to be swallowed
up in Barrick's 1 billion shares, with who knows what consolidation
of shares's loss, to get a puny $2 share increase.
Even if DGC's shares aren't consolidated much, there won't be
any couple of share splits that DGC would have had, and the bigger
dividends that will get shareholder's once gold's price goes up greatly.
We all know that Barrick is doing this to replenish it's gold
reserves, and continue to be a monster gold company, with little
price increase to show for it.
Why? Because like DGC and all gold stocks, it's share
price is doing bad until gold's price goes up greatly.
And Barrick is owned by banksters, Goldman to be precise, and
bankers finance everyone and can call in markers, strings and
pressures to get board members of stock companies, to coup the
company and take it over.
'Goldman Banker Takes On World’s Largest Gold Miner—and
Gets Pushback'
John Thornton, former Goldman Sachs president, threw out the
mining rulebook when he took over Barrick Gold Corp.
By Jacquie McNish, Aug. 6, 2018 12:02 p.m. ET
https://www.wsj.com/articles/goldman-banker-takes-on-worlds-largest-gold-minerand-gets-pushback-1533571339
"Mining is famously boom and bust. Money and patience are
mandatory. In bad times, companies sell assets and close mines.
In booms they buy up all they can.
John Thornton threw that rulebook out when he took over struggling
Barrick Gold Corp., the world’s largest gold producer. The former
Goldman Sachs Group Inc. president was an industry amateur, as
were most of his top hires. He followed Goldman as a model for
company compensation. Instead of buying when prices recovered,
he cut costs and sold assets.
...
TO READ THE FULL STORY ..."
me- I guess now he's buying and calling in markers, (board members)
because he knows gold is going to take off when the world crashes
in a few years.