Bullboard - Stock Discussion Forum Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining Gold

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the... see more

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Barrick Gold Corp > Earnings

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Post by CanadianKia on Feb 17, 2021 11:38am

Earnings

Technically, they should have good results for Q4

what i wonder is who is going to pay these Share prices if the book value is 15-17 bucks and gold pricing dropping? Even Buffett took his money out to drop it into oil and other investments.

Again, expecting the results to be good, but i think the SP will continue to drag down.

IMO

GLTA

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Comment by CanadianKia on Feb 18, 2021 9:04am

So i wasnt wrong. some positives out of Q4 for sure, but you can already see the Price of Gold is already dropping Quarter over Quarter. This is going to get dangerous even though they have a lot of cash on hand. i dont know if the SP will hold at this price 30-60 days from now. IMO

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Comment by CanadianKia on Feb 18, 2021 10:43am

Once again, it looks like im right. down $4 in 5 days and it looks like its continuing to drop. ill buy into the company 10-15 range. They hold enough cash at the end of the day and have some perks i like about them as an organization. Unless we have another major global event this year, this should keep sliding as Gold prices slide, so its dangerous to keep your money in right now. ...more

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Comment by CanadianKia on Feb 25, 2021 1:03pm

I keep saying it. no amount of good news or earnings will help the shares. this stock grew due to the pandemic and increase in gold prices. obviously a well run company as well, but covid helped drive the price up. Unless we have a 3rd round of global shutdowns, expect the SP too keep sliding. Get out while you can and buy back at 10-15 bucks. Hopefully even lower. and then its a good investment ...more

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Comment by CanadianKia on Mar 05, 2021 9:08am

Here we go again, Gold prices keep dropping and people keep buying Shares of Gold Companies. The price of gold matters everyone. as the price keeps sliding, so do the future earnings. No matter how much cash these guys put aside, it doesnt change the fact that gold prices have a direct impact on their buisnesses. Like i have been saying. Wait for it to drop to 10-15 (I would say even lower ...more

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Comment by robvc on Mar 05, 2021 10:39am

Your on something to think this is going to 10 or even 15 at this time. You keep waiting for that to happen lol. Nice try but your short strategy won't work here so try somewhere else seriously. Geesh these guys are everywhere. On ignore. Don't bother responding or wasting anyones time reading your BS

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