That's totally understandable! I do think things are beginning to get interesting though. I find the lack of bulletins from the company quite fascinating. Something has to be going on. Barrick are obviously adding to their reserves and their name has come up more than once in conversations. I was wondering this morning what they would offer by way of toll treatment if not acquiring the reserve itself. If Frank negotiated a toll treatment deal for say three million ounces that would provide a huge cash cash flow for other developments. That could be used to develop the other reserves and pay for the construction costs. The bottom line would be better if the company were to mine and process itself. Frank has already rejected several offers for joint ventures. One thing you can be sure of, he has no wish to dilute his equity. He wants to maximise his return - as we do. A toll treatment deal would solve that, as would a total sale.
CRK Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held
