how fortunes are made ..., page-44

Mainhold I said your post was arrogant because it started with this:

"Wow BBB, you really are clumsy with your expression. I can guess at what you are trying to say, but with your incorrect terms and poor expression it would be a guess at best!"

There's nothing more arrogant than presuming you can correct someones English.

On your other point, companies have fallen over despite generating ting operating cash. You need look a bit further than that.

I haven't made any false claims. Just things you don't understand!

I have researched Barricks reason for selling and they say its to improve cash flow!!!!! Pretty clear.

I was many years a credit trader mainhold but I don't need that experience to understand that its not the amount of debt that is important for a rating. Its the level of that debt versus cash flow. (And I'm not talking about op cash flow!). Obviously to sell an asset for only $25m to improve your credit rating, it must be a cash burner on a net basis. (I defined cash generation and net in a previous note for you mainholm).