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Remember yesterday one of you was talking about Barrick? I thought I would take my chances and email Mark Bristow directly (mark.bristow@barrick.com) to ask him whether Barrick would know SOLG and have an interest in them.
Unexpectedly, he just replied, his answer below and not what we would hope:
Dear XXX,
We know SOLGOLD well – unfortunately, we do not see it as passing our strategic and financial filters.
Regards
Mark
Make of it what you want, I just find it hilarious that he would actually respond!
Does any of you want to try other relevant CEOs?
Oh dear...there goes my great white hope...
However, "we know Solgold well..." menas they've run the rule over it...that augurs well for interest from other Miners...
Morning TheItalian I'm sure he would know about us Steve Garwin has a position For Japan Gold which is aligned with Barrick Gold Corporation
Pinot
:0)
Sounds a bit like Michael Heseltines oft quoted "I do not foresee any circumstances under which I would challenge Mrs Thatcher.'
The guy was hardly likely to say yes, we have them in our sights buts please keep this hush hush.
Back from therapy are we?
The mining industry is smaller than many think but great to see Barrick CEO having the time to email back a pi. Some might say... he almost wanted to email back and say he's not interested. Mmm. I like that. And what happens if your filters get adjusted (as they do) Mark? Plenty of wriggle room for him there.
Email him back and ask how P.akistan is getting through his filters lol!
Not foreseeing something and completely denying it are 2 different things .
If my memory is correct i think Barrick calculate a mines gold value based on $1200 per once, and it has to make a profit at those levels, not sure about copper prices for profit calculations
It is the only possible answer. He can't say we are interested.
The other obvious answer is to say nothing. Which most CEO's of multi billion dollar outfits would do. You'd think he should be a tad busy with his business to answer some email from someone that he knows nothing about etc.
I think it's quite revealing. But then... that's down to the individual.
Barrick are suffering. Whether that's due to their 'filters' who knows or just market woes but share price was $20 in May and hit lows of $14 in early october.
That's a huge fall for a multi-billion dollar company.
Sometimes filters get tweaked and other times CEO's get tweaked. As Newcrest's Sandeep 'Tiswas' Biswas found out.
The desperation on this thread is embarrassing. Some of you seriously need to get a grip. Or a job.
TI - thanks for sharing. Never underestimated the power of well written and courteous email!
SharketMare would someone really give the yes or no on a potential billion £ acquisition in an email to a random stranger? No one is saying it's not true, only that - looked at rationally - the email is actually vague enough to possibly mean nothing. It might even be the plausible denial of someone holding their cards close to their chest.
DM, I most certainly haven't. So much for the protestations of improving shareholder communication!
Actually, I suspect what they meant by that was improved communications with BHP, which is all fine and dandy until SC needs the support of us minnows in two months time.
Of course Sean, and that's why I wrote "Make of it what you want", who knows what Barrick really wants to do and whether they would tell a random stranger anything. I am non the wiser as well.
I just thought I would share it as getting a reply was really a long shot and he was gracious enough to respond within a day.
Sean, if Barrick's CEO was playing poker, he wouldn't bother responding to a random stranger.
One of the constant themes on this BB - something I'm also guilty of - is a desperation to think that there is something else going on behind the scenes, a grand game of chess being played. In this instance I think we just need to read the email as it was written - unfortunately SOLG isn't a viable option for Barrick Gold.
Partially because of the holdings of BHP and Newcrest I would imagine
Its a clear and obvious case of confirmation bias on display here ...
Despite the CEO being very straightforward and clear in his response, people who want to, who need to, choose to twist or interpret his response as fitting their view to keep the hope.....
Fort, be interested if you could run an eye over another of my shares. Ipx, rare earth explorers.
Bought them a couple of years ago for 0.010.
Today closed at at $1.34.
Do you think you could advice me wether to sell or hold.
Oh I forgot to mention, they've just signed a contract with the USA military.
I'm in one or two other exploration companies as well. Maybe I could employ you on a more formal basis, as my advisor.
You are certainly one of the most astute investors I have ever met online needalife.
How you manage to take time out of your busy, busy day to talk to us I do not know.
Needajob is a twat. Fullstop.
He has way more credibility than you, Mr Liar
Still posting as tesla1 on here slug, as well as 1984Investor? Interesting. I'd have thought once your cover was blown you'd give up.
Liar?