barrick mining escape

  1. 529 Posts.
    lightbulb Created with Sketch. 57
    Well, the latest announcement, roughly paraphrased, says:

    "Barrick was going to sue us after spending $10m, so we settled the potential action by agreeing to pay THEM $2.5 big ones STRAIGHT AWAY, and $3 big ones in July, either as cash, or shares at a 10% premium."

    It is just extraordinary that they are PAYING OUT Barrick, rather than enforcing whatever stupid agreement Barrick signed up for, at 85c per share, IIRC.

    I bet that Barrick is going to get shares in a worthless company in July, rather than cash.

    I'm going to have to bail, and take a significant slap to the upside of the head.

    Best of luck to all the faithful.... this just sux.
 
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(20min delay)
Last
$25.61
Change
-0.130(0.51%)
Mkt cap ! $6.102B
Open High Low Value Volume
$25.70 $25.78 $25.34 $20.16M 787.4K

Buyers (Bids)

No. Vol. Price($)
1 3338 $25.57
 

Sellers (Offers)

Price($) Vol. No.
$25.63 86 1
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Last trade - 16.19pm 01/07/2025 (20 minute delay) ?
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