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Well Odey is buying but is more than capable of pushing the price in the direction that it suits him before he takes another chunk - the RNS’s show the truth of his intentions. To be honest Super I find the spirit of your comments in contrast to your strong buy opinion but you are time served here so you have every right to say what you feel and we should listen. I have held off adding but I will not be selling.
barns- Interesting comment or no comment from MB - he surely wants out of Tanzania but if he has a deal lined up with the Chinese - as was suggested by JT - then he should be prepared to stump up fair value for us minority holders.
Barrick, Bristow style: SA’s most successful gold CEO on his first six months
It’s hard to comment on what will happen regarding Barrick’s 63.9% stake in Acacia Mining, the UK-listed firm which is locked in a tax dispute with the Tanzanian government. At the time of writing this is the moving target in the Barrick fold following its offer to take out minority shareholders in Acacia – a transaction that may well be voted down as per the current terms.
Bristow is unable to comment directly.
“We are definitely getting rid of non-core assets because they take up too much time. And then you’ve got these investments,” he says of Acacia. “One of the policies I can point you to is that we don’t want to be invested in assets where we don’t have an influence on a day to day basis. That is all I can say about that,” he says
BB-Absolutely no discussion on the probability of a deal. However someone is buying shorts. It is not me, I am here for the long term. This is now high risk, but can also offer some very high rewards for someone. Who that person is and on what side of the situation and when I do not know. Most here have been aware the price has been held down so what I have said is in the public domain in anycase. I can afford to lose all of my money here, but there are some who maybe are not in the same position as me. This could swing either way. Long term I see Acacia should get more out of this than they currently have, but who knows for sure. Long term could be in a few years, not a few days. Everyone has their own call here.