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My mistake getting out of here too soon but think solg will do well and pure gold on tsx is up more than barrack today so wish I had more,building up a big stake in bushveld,like bb said it is not so much the money but the buzz and aca after takeover lacked theatre.lol.
Oh don t know why..will take a read.
Not sure why my last post was deleted - nothing important at all but if you care to read it click on my posts.
I m short term less bullish but only short term...as we re in august with low volumes..hard to call but bulls clearly have it. Equally can see gold in a 1420-50 range for a while before it takes the next leaps and bounds. Let s see... either way 1600 is a guarantee in next 12-18 months as is IMO 1700, 1800 and just on from there!
Things could get even better for us when trading starts after the bank holiday if the price can hold out or even rise further up towards Usd1600 oz!!!!
Yep agree the extra divi to Aca holders is for the exploration rights and licences held for the other three African Countries and as you say Reuters when first announced said worth at least 9p a share (so worth having which is what my bank HSBC advised me too). However just bear in that if the containers are released now or before the deal is finalised we should see our share price bounce on the news. I anticipate we might have a blanket stock market fall next week so be prepared for your other shares. Acacia is safe for some time yet in my opinion.
Sorry wrong board.
Back in here after a couple of years after reading very positive article in a June investors chronicle edition ,100,000 thousand for starters.lol.
Thanks Franky - I thought I had missed something. The other assets will certainly have value which is increasing with the PoG. You cannot go very wrong by holding your only decision is at the current price are there better opportunities within other gold stocks or do you switch to Barrick, forgo the 15p dividend but not be restricted on your growth. After holding for so long it was not an easy decision for me to make but I obviously decided to switch, only after the dust settles will we be able to judge if I made the right call but we will both be making money which is refreshing, the only call is who will make more.
I think the gold in containers will be used to pay off the GOT probably. We ll see jack s#/t of that Super but still assets out there with value.
No you re correct BB but they are already in advanced stages of selling assets and are mooting between 9p and 13p as the special dividend which is why it's worth holding. Its effectively 4% ROI which most investors would be happy about over 12 months.
Ok but I think you only get the dividend based on sale of the non core assets - I don’t think you get anything for the gold in the containers, am I wrong?
What Franky and I are thinking is if we stay in Acacia rather than Barrick we also will later get a special dividend promised for the exploration rights from the other African Countries and also for the Gold held in the containers, etc. So we calculate this to be worth something to stay in Acacia.
I was thinking of buying something like Thomas Cook with some of the free money made on the other shares sold, and so a free entry with some risk built in. i.e. My other stocks will come back on time but do not offer too much more risk. So to provide a little balance I was thinking of greater risk. Events change every day so I will know more next week.
My point was Franky that you get more benefit from investing directly into Barrick than by sticking with ACA directly. Either way I can easily see Barrick at $21 and up, maybe even next week.
Super - SRB might be worth a look and if you want to go away from gold I would suggest you look at INDV not without risk but nothing compared to Thomas Cook. ATB with whatever you decide.
Way better in my mind to be in Barrick than guessing with other stocks as its "safe" as a bet!! Once the special dividend comes into play I only need 21$ with barrick to break even. At bloody last!!-))
That's a question I have asked myself and from what I can tell, a 1% rise in gold would see 3% on to the SP of the miners. So 70% rise in Barrick would need to see circa 25% on to the GP taking it to 1900 per ounce..last time that price was hit Barrick was over 50$ so doesn't t seem unreasonable to expect 30+ dollars. I can see this happening over the next 12-18 months as the global economy comes off.
I've sold this afternoon some of my CEY and Marstons and have about £60k ready for next week's crash. I will then think about what to buy on the downs, however I do not want to buy Barrick I would prefer to buy more Acacia whilst I can. I think the Stobart falls as a result of an accounting irregularity at Eddie Stobart logistics was an over reaction considering they only now own allegedly about 11% of the haulage firm. Maybe we should send your Begbies in to sort them out!! I am also wondering whether to invest some free profits into Thomas Cook as this will be very risky as if having a blind fold on.
Well I wish you well Super - Barrick are at $19.20 which gives ACA £2.62 but to get your £4.35 Barrick would have to be $32.77; if you think that is likely, buy Barrick - goodness knows what the PoG would be but I would be very happy. ATB
Forget the sentiment I found in life there is none after the way Warren Buffets firm made me redundant at the time I needed them most when at home recovering from life saving surgery and they took away all of my health benefits. I feel and was making them more money than my whole dept. and much of my work the others did not understand and so it was left, unfortunately politics accounts for a lot when ones Managers have control over the technical people. For the record my last holding I bought here at about 225p and my wifes 20,000 I bought at 2.52 (both in profit) but my first two holding when we went down fast I bought at 2.97 and 4.35 respectively so hopefully now heading back to those heady numbers for me.
Thanks Super - Barrick SP rise on tariff news should put ACA at £2.60 which starts to feel much better but I still think you would have been better off buying Barrick directly. I am extremely unlikely to return here as I held too many for too long and still feel cheated by the offer, ACA is worth £7 in the real world so no point in holding a share and feeling resentful. I have made substantial buys in other gold stocks and FRES in particular which is doing well today, I bought most at £6 so I am doing very nicely. MTRO continues to distract me but my recent buys are in profit (probably until I look again!) but I think my potential losses (from this point) are small compared to the potential uplift but yes I wish I had held of buying until now! Wow a 3 ! post must be a record for me. Enjoy the rise here, goodness knows you deserve it! 4 now.
Still not sure about Metro (until rates start going up mate) I would feel more comfortable with you in here to be honest what with the world and trade wars as it is? Your call obviously?
Watch the Gold price chaps. China just out tariffs on Soya beans and imports into China from the Us and Oil tariffs on US Oil. Gold price now rising as the situation worsens.
Also we wait for Powell's speech at Jackson Hole. Maybe we will start going towards USD1600 oz
Tullow is volatile and good for trading but not sure about oil demand in a looming recession so not for me as an investment
Can t comment on others though dominoes will probably do well (how much of that is hard baked in current price:-))..am looking at long term plays in the 'clean food' space like argonomics and also healthcare like horizon discovery group. William Hill is likely to recover and also get bought out over next 12 months and looks good for a 20-30% uplift.
Wouldn't touch Metro but like :- MARSTONS UP 5%, TULLOW UP 4%, CAIRN UP 3.5%, I also like DOMINOES (expansion) AND DIXONS (Low sterling foreign buyers) also low rates = youngsters buying new phones) and liable for takeover from one of the big guys (Amazon, etc).
Good for you BB!! Enjoy! You can t be doing worse than me. Haha!