ABX to form holding company, and this...

[ABXbooger]

First ABX forms a holding company then I find this bond offering for 1 Billion, maybe not the same company, but I can't find anything to say it isn't. What we gonna do with a billion?

http://www.prudentbear.com/articles/show/52

 

[Jurassic Jet]

Ooooooohhhh. I can think of a couple good ones! :beer:

 

[hvydriver]

http://finapps.forbes.com/finapps/jsp/finance/compinfo/CIAtAGlance.jsp?tkr=ABX

 

[penguin22]

First ABX forms a holding company then I find this bond offering for 1 Billion, maybe not the same company, but I can't find anything to say it isn't. What we gonna do with a billion?

http://www.prudentbear.com/articles/show/52

Yeah, I don't think that's ours. Most likely the billion dollar note belongs to Barrick Gold.

http://www.barrick.com/Default.aspx...1&ItemId=ae8c0f20-e4b8-4984-b667-9c7782b7d5d6

The dates match up.

My guess is the PrudentBear article author just screwed up the name. Should have been ABX Financing Company, not ABX Holdings.

 

[penguin22]

Ooooooohhhh. I can think of a couple good ones! :beer:

That's exactly what I think everytime I see your avatar!

 

[ABXbooger]

You're right, that's exactly what that is. Wishful thinking.

 

[ke4lir]

Barrick Gold = ABX NYSE, wrong ABX.

 

[ABXbooger]

I saw the bond issue, and it was issued as ABX holdings, not Barrick gold or ABX, this coupled with the formation of the holding co. made me wonder. Unfortunately I did not look at the date, sorry.

 

[Jurassic Jet]

That's exactly what I think everytime I see your avatar!

Yeah, dontcha just hate lookin at those!