/biz/ - Business & Finance

check this bad boy out

>gold miner in tanzania majority owned by barrick(62%)
>last year nigger gov't "scientists" estimated the taxes dodged by misreporting the ore concentrate at 190 billion dollars(lol)
>down 61% since then, closed off around 1/3 of production until the situation is clarified
>niggers realized they'll never get that money so they are in talks with barrick for a new deal
>$300M fine, 16% stake in mines, 50% of "economic benefits"(unclear language, probably pre-tax profit)
>free cash flow positive for 1st half of 2018 after scaling back production, the mine they partially closed was shitty anyway
>even taking into account the fine and the 16% stake P/B is 0.72
>massively oversold on technicals