George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Hilarious....mate I m a villa fan..terrible timing to reveal your Palace allegiance-))!!
I see we are now Franky nearly at USD1545 and rising, Goldman Sachs suggested we will be at USD1600oz soon -they may be right.
I see that just before close we had some bigger buys going through and at this rate I can see this continuing tomorrow. I need the price to keep going as I am now not too far off my Second holding price of £2.97, my first holding was £4.35. My recent holdings I bought one for my wife and myself in the 2.50's and these are now well into profit. I hold CEY and HOC and Glencore as well. (which has other issues I know).
Well yes he sold too early but was very pleased with himself. I was an idiot to NOT listen to him I suppose in his language. Sometimes in life you can see someone and feel they are an idiot but that is because you cannot communicate on their level. My mum said at school I had a very high IQ, but there again I do support Crystal Palace - so he might have a point?
We are aright Franky aren't we -happy days, and Palace and 4th in the Premier league? Wow life is good at the moment.
I try not to ever sell at a loss, unless I have such a substantial capital gain it pays to do so, otherwise I just pay my taxes just like everyone else. I am in banks too, in fact if the market suddenly changes for the better or the Ombudsman pull their figures out and settle quickly all the PPi's (books now closed for new claims by the way) then I would hold banks unless you can get out without too much of a loss. Now it is time for the precious metals as we have said for the past three years but like all things the tide will turn. The Uk banks are so cheap they are under threat from those over the pond, or from China or Japan. I see tremendous upturns here for the banks after Brexit (if we are out). We will become a central trading station between the World and the Usa and China and our commonwealth -just like the Old days. (my prediction anyway for what it is worth). My Stobart Group are also now doing very well and I see tremendous upside with them they also benefit from cheap fuel, and are in to eco power stations, and infrasture and travel. warehousing, etc.
Super...Where do you stand on Stock markets generally. ? We Read Franky comments and its hard to diagree. But I m also aware that more than a decade since the +447960331952 crunch . It seems everyone is expecting doom. But as we know
We are rubbish at predicting ! So whatever
Non Gold stocks we might hold should we sell and at least preserve our book vales to some extent or
Should we just ignore ignore all this comment as mere noise.? Its a tough call ..liquidate...hold or
See this as bargain basememt time?...
Where are you stock abc???? lol...sold at £2.00 only 5 weeks ago and did some grandstanding about it I seem to recall:-))
As we have kept on and on, this place with Acacia is a VERY GOOD PLACE TO BE at the moment. -Happy days for those that held out.
Also Barrick now over Usd26 a share and rising!!!
The US opening will be very interesting later. Everyone back from the hols and will see some proper volumes and where sentiment lies. Likely to be very negative with blood on carpet this week. Europe in recession, China and India stalling. US data now mixed at best. inverted yield curves..at some point very soon the market has to correct by a good 2000-3000 points.
Gold up to USD1532 and rising, sterling falling and we are top of the charts for the ftse 350 (unsurprisingly). This is the safe haven to be.
To be honest the Chinese people I know I like a lot. I know here I am with them too. They are very good mathematicians and usually good cooks. I feel the USA are very afraid of them and it is reckoned within 16 years they will be the largest economy in the World overtaking the USA on numbers which is no doubt part of the American problem. As a trading nation stuck in the middle we could do well from both. However in 20 years I might be travelling to get my local paper on my disability scooter if I am lucky!! Have fun ATB. I see this as a very interesting week for Gold and hopefully the Gold/Silver Miners.
Hello SC...Intersting article. Whether the markets like it or not if the Chinese are not reined then we will pay the price of a Communist Superstate in twenty years time. We like our cheap Laptops and tenmis rackets but at what price..?.
The dollar is overpriced. The Euro too.
Gold is the only safehaven . I think I read somewhere that all the gold ever mined will only fill an Olympic sized pool....Best
No ! My experience is that the taken over or target companies bulletin boards disappear overnight.
My evidence is Dairycrest .....Imaginative Technologies
I expect Teford Homes to go when that take over completes.
Sad but true....
Hi Super, I think LSE keep the boards open for quite a bit after a company has been taken over. I had shares in Stellar Diamonds which was taken over 1 year ago and the board is still open and people are still discussing the company (now part of Newfield Resources) on there:
https://www.lse.co.uk/ShareChat.asp?ShareTicker=STEL&share=Stellar-Diamonds
I wonder if we should all write in to the LSE (i.e. this site) and set up an ABX board for Barrick as they are taking "Aca" over. We can then continue to meet up on that board -post Acacia.
It is true I am in to the miners at the moment, but lets say as soon as the uncertainty is out of the way and interest rates start rising I will be topping up my banking shares!!! I actually have my money all around the market, i.e. My Stobarts and Marstons have also done very well recently. I also avoid the house builders only because I see interest rates going up and there will be a possibility of property values falling quickly for a while. I therefore change my investments according to everdays news if you follow. Makes life interesting doesn't it.
Although out of aca now still read posts on aca and appreciate your informative posts still.Guess if your addicted to mining and resources companies you will not change.I should have brought fres at 6 quid but bored with that share now even though it was a banker at that price,into bushveld and kaz now for a change.aside from that my biggest holding now is fevertree as I am a bit of a **** artist in my older years.lol.
https://www.mining.com/top-miners-in-chile-sign-deal-to-help-countrys-small-producers/
Many suspect due to trade wars the Fed will announce a intention to cut rates next week and so I am surprised we are down (even just slightly today) perhaps this afternoon the Gold price will start going up again currently at USD1525 oz.
https://www.mining.com/glencores-massive-nsw-coal-project-gets-conditional-approval/
Well it was another very good day for Bushveld today Pistachio. Thats 3 in a row? Whats going on!?! :)
Hi A, Yes I used to trade 8-10 years ago the miners as safety stocks I bought Acacia when they were African Barrick Gold and worth a lot more than today's price. It was the same for Hochschild. The market used to say on the FTSE you bought ABG for Gold (as the highest producer and HOC for Silver as the largest Silver producer. I must confess I made enough money to just do that for a living and found I could make as much money buying/selling shares than commuting up to London. I thought I would invest in Acacia and Hochschild as safe havens when Brexit was found to be in favour, and so it is interesting that now the whole situation is coming into picture for conclusion the shares are coming back in the miners. Maybe was right afterall. The only thing I did not forsee were the problems for Acacia that lets face it they did well to keep it all under their hat for sometime before it all became broadcast. If I had known of the problems for Aca 3 years ago then I would not have invested, so there could be a liability there which I hope Barrick's actions of reward to Acacia shareholders will correct, if you follow me.
SuperC
We both got caught out buying to soon on the way down. But I now feel uncomfortable with big miners. Historically they are supposed to lead a bull run, but they are so diversified and complex it gets mind boggling to value. I'm not watching that hard, too burnt out, but other big gold miners on the tsx/nyse eg AUY/ CDE are hardly moving compared to their highs in 2011. They are down today from 3 to 5%. With potential increase in market volatility raising some cash from a too high average investment appeals. Best of luck Super, thanks for the chat.
Hi A, Well we find ourselves at this juncture and to be honest we could be in worse places. Actually after thinking about it Barrick could be a very good place to be in the World we live in. I feel like Franky that with Barrick currently at about CAD25 a share their own price is undervalued and could well soon be up at CAD30 and can you believe looking at the ten year they were then CAD60 a share. I did actually buy some more Acacia a couple of day ago, but did buy my first allocation at £4.35 and then at £2.97 when they started to fall, and so like you I hope we can recover some lost ground and like the sound of staying partly with Acacia (even if not in name only) as I felt they were actually a great Company that came into some unfortunate Political problems. The Acacia yearly report can be found on the net and is actually quite eye opening on what they have been up to helping with in a number of local African projects such as education and fresh water and infrastructure I feel I have been with them for a long time now and would like to retain my support. So rewarding to me in more ways than just money.
SuperC thank you.
My gut wants me out of this if I hit break even before Barrick take over. The special dividend sounds very attractive.
https://barrick.q4cdn.com/788666289/files/doc_news/2019/07/Acacia-2.7-announcement.pdf
What I hadn't realised is not only will we get a special divi for the exploration rights but also for all of the deferred divis that should have been paid in the past. Interesting that for Franky too.
https://www.sharecast.com/news/news-and-announcements/acacia-mining-agrees-pound951m-sale-to-barrick-gold--6846342.html