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Congratulations - Barrick and Tanzania settle the dispute. If only they could have done this before. Hope Barrick’s SP goes up a lot on Monday. Sale to Chinese next.
I think for us the House of Commons have come up trumps yet again!! Can see all the commotion will do us any harm!
What a situation they tell us when we will be getting our Barrick shares and then we find they are not authorised to trade in Canada. It seems they were also aware of this problem earlier in the year when Barrick bought Randgold but didn't tell their Acacia shareholders problems for dealing with Barrick shares lay ahead. I'd be interested Franky in what date you got paid yours as I feel they should pay their shareholders the amount based on when they should have acquired them,. I agree with you by the way on Barrick being a good hedge particularly after Monday if Boris can't get the deal through which is looking very unlikely having lost a majority. However I think his is the best on the table.
For what it's worth I put aca money in pgm/hl your rec/cde.
Well we always knew it was a smash and grab. Still holding and waiting for news on the special dividend. The main headwind could be the dollar to sterling rate which could negate a good wedge of any GP rise. I think overall I m going to still hold though I too feel like I m missing out elsewhere as am 'locked in' until gold hits the 1600-1650 range. Equally the market could correct very soon and on balance a safe asset is best place. Am at a about 2.20 in old aca money at moment. 20 dollars will be around th 1550 mark which is then 2.70 in old money!-) if that helps.
They stitched us up with aca then the Kurds maybe they will get nuked one day,beginning to think we would be better of staying in EUROPE.DUP think so .lol.
Meant Bristow.suppose he is still hunting lions worse than trump,hope boris steers clear of trump..
Just read something about north Mara that suggests we were well stitched up by Bristol.lol.
Aca was bad news in hindsight,I saw lots of opportunities but missed them because all money in aca.All the time I was studying markets and made more money in last six weeks than three years with aca.However being in aca meant I could not lose any money elsewhere and being in aca taught me a lot about this hobby.lol.
Franky, I think that was a good decision on CEY. Not happy with the management there so I've sold and took a 18% loss. They have somehow managed to turn 1 bad piece of news into 2, potentially 3 hits on the share price. Bad communication, missing guidance, etc.
I own shares in Resolute even though they've also had some difficulties ramping up their new mine. But management seems capable and with higher integrity, they have several mines in different countries and the share price is cheap. So sticking with this one for now, even though share price performance has been pretty poor. We're close to their IPO price atm so a good entry point if anyone is interested. Obviously do your own due diligence, etc.
Another one that I hold and is very cheap atm IMO is Roxgold. I remember discussing it with BB on here. Their SP is basically where it was when gold was $1280 I think. Obviously not listed on the LSE so you'll need a broker that can deal on the TSX and might face some taxes depending on your circumstances.
I don t know the exact date but it was literally within a week of the deal happening. HSBC have screwed up for sure. Still no dividend either!!!
Ig gave me OR22LSE and I was told they were not very liquid so I sold them at1428 straight away,as it goes they sold same day so no illiquid and could have got 1550,they do go up and down with gold price but don't correlate with abx which I was expecting.Water under the bridge now.
Hi Franky -do you have the date when you acquired your Barrick shares -can you believe HSBC have still not allocated them to me, and say they are not now authorised to trade in Canada -I think they have go themselves into a situation here to be honest. Meanwhile the shares have been falling and I cannot trade them even if I wanted to. I feel they now owe me the difference in price between when they were paid them and the date when they give them to me?
Did look at CEY but steered clear in the end. Put 10k in Hecla and 6k in Niocorp which outside of Barrick is me and minerals done for now!! Good luck with that one.
Found this for the Centamin board - As they are in Burkina Faso as well as the new found Barrick Interests from Acacia. Could it be Barrick are the predator? I have bought in to CEY - Centamin as well which could prove interesting now the CEO has gone.
https://www.miningmx.com/top-story/38777-centamin-may-elicit-interest-from-predator-as-market-grows-averse-to-single-asset-gold-miners/
No idea with dividend.. bit frustrating! We will need to have patience here and could be a good 12-18 months to see barrick in a strong place. Early days still for gold
Yep see that the miners have recently taken a hit but Gold is back rising again. Tonight we are now well over Usd1500 and you are right it wouldn't take much now for a another Fed cut. Maybe Trump was right afterall. I am sure once the Fed cuts Gold/Silver will rise back to Usd1550 and perhaps toward your Usd1600. I still do not have my Barrick's from HSBC they have a problem with dealing in Canada and so no doubt they will swap the CAD shares for USD ones. Also not sure when we will get the promised extra Golden divi, or what it will be.
Hi super..I think that will be the last blip for gold..they tested the bottom and their was big support. Manufacturing in US is really poor and another rate cut now a racing cert. 1600 b4 year end. Much still depends on trade but I have feeling it won t get fixed.
Gold back up to Usd1480 and rising fast, World stocks falling as we expected.
I like you will soon see the miners coming back, I do not understand the fall or blip in Gold/Silver, what with everything going on out there. I suppose it is just a little but of profit taking. I can see all the fund managers coming out of their recent Banking shares gains back into here very soon. I do not understand the Banking sector rises with less margin to begin with and the likelihood of increased risk and debt as we move toward the end of the year and post Brexit.
Their must be a time too buy these surely.BB metro and Indv up today thank god.lol.
Early October I believe..Hl hold my shares in barrick now so yours should be by v soon i d have thought..lots of global tensions and can t see things being settled enough to see big drop in gold. Trump witch hunt will intensify and china will stall on talks til new president. I believe they will try and spoof him to look bad at home. Far from over IMO.
I suppose following Gold lower as the NYSE feel a deal with China is coming-but how many times have we heard that.
Unless they went ex-divi -? Any idea when we might get it? I have not even got my ABX shares yet, HSBC are sitting on them I suppose!!
Mind you the loss is not so bad as GBP is down against the CAD which we are now rated in.
Special dividend landing soon!