via Bloomberg - Barrick CEO

The CEO of Barrick maintains that the company will be out of debt in the next ten years. But, they insist, they are a discerning buyer they claim. They ran up their debt in profligacy, are falling all over themselves to eject problematic assets, and with no COH, walk into the candy store to point out the premium assists they don't control. Like any gold mining company or airline worth its salt, feeling no obligation whatsoever to pay their cost of capital, they will wave shares in people's faces instead of paying cold hard cash. And, of course, the shareholders of the target company are there to presumably obligingly capitulate.

And GBN.H management hope to fend off the market with their pro-forma bankruptcy move. This is a business strategy used in the airline industry that mostly want to flush pension liability, and avoid subcontractors that can't defend themselves. Don't you think it's time you aught to burnish your image from one of an adolescent with disfiguring acne and a worn-out death metal t-shirt to one of a clean-cut business professional?

The world is awash with hipsters sporting beards and man-buns. (flakes) Aren't you GLAD you're bald and have no trouble tying a tie?

It's time for a face-shaving excercise.

http://bit.ly/29vycwW

-F6