bdonnelly713 April 21st, 2013 at 11:02 am
Barrons front page…gold stocks could rise 40%. Also says ABX is the most risky due to it having some of the highest debt levels, CAPEX that exceeds FCF, and the issue in Chile. It does say though that it also has the most upside and is the cheapest if gold turns back up. ABX reports Wednesday and it could be a bomb but I also wonder what else could go wrong from here? We know mining companies were working on cutting their costs months ago already so hopefully some of that should show back up, and any hint of resolving the Chile issue should help immensely as well.
April 21st, 2013 at 11:02 am
Barrons front page…gold stocks could rise 40%. Also says ABX is the most risky due to it having some of the highest debt levels, CAPEX that exceeds FCF, and the issue in Chile. It does say though that it also has the most upside and is the cheapest if gold turns back up. ABX reports Wednesday and it could be a bomb but I also wonder what else could go wrong from here? We know mining companies were working on cutting their costs months ago already so hopefully some of that should show back up, and any hint of resolving the Chile issue should help immensely as well.