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Hello Franky
I still hold here with an average of 2.84. I was not aware of the ACA Special Dividend. Could you briefly enlighten me.
Thankyou
Yes I would not feel we are entitled to anything from Barrick until we are part of the same Company and as the earnings for the Barrick divi are for the situation prior to our part ownership I suppose that is fair play, in the same way the other shareholders in Barrick can "keep their little mitts off our special divi too). However I suppose Barrick and Acacia still need the process formally stamped by the Business Court (not sure when the submission is being made) your date was the date HSBC declared to me however I suppose this can be subject to change?
Hi super..I may be wrong about holding and converting aca to barrick as we won t get the barrick dividend! That's due on 17th september and our shares in barrick kick off on 20th. Will now gave to crunch some numbers but 10p special div versus barrick div is a start point for comparison.
I like everyone do not get it right all the time but when I am on to something I give it my best shot. I have had a life in the city of my bosses always thinking they knew best but after I had left they found out either I was right or I actually did a lot more work than they had anticipated. It was nice when one or two of my old mates and one top boss said Lloyds had lost someone great and one or two even called me the Goat and it was not because of the way I rode a motorbike. Even though I was paid off from Lloyds when my job was done my largest client still confides in me even to today and buys me lunch when he is over in the Uk although the promises of buying me that Nissan Skyline type R were never honoured. despite me making him over USD250M, ha,ha. Still I was lucky to have quietly saved a lot of money towards my Pension and when I felt the time was right to simply walk I did so on my terms and not theirs. My conscience is therefore totally clear.
Super tbh at times I also thought you were too bullish... but you were right! haha
Your conviction and positive posts kept me going through some of the darkest days for ACA and I held hard till I got my reward. So thank you!
All in now big time with solg and bushveld,time will tell but I had to get out of aca because it had connections with a dog I loved and died and sooner than later I had too cut off even though I knew it was ringfenced and destined to go higher.lol good luck you lot x.lol.
I hear Boris has ordered a pair of thicker socks for when he next goes to Balmoral, as he told the Queen he has to keep the Jeremy Corgis off his ankles.
I am sure he will not want those now made from Edinburgh wool as they only come in Blue with a white cross.
To be honest chaps I think it as a dig against me for being too bullish on Acacia as there are the small timers out there who hope the share price goes down -so they can enter at a lower level, and they show up a mile away. I just ignore them for what they are worth.
BB'S just wait and MTRO will come back, I don't know why but they were up tonight the tide quite often turns when unexpected. My Banks are all down too - They will come back but I have found you can't win then all, all of the time. Not even Warren Buffet - from memory he lost big time on Tesco? Most shares are cyclical as we know.
Super, I'm glad you chaps are doing great here, well deserved!
That said, I've also done well since I sold my ACA shares. I didn't mean to boast but since you've brought it up haha... I put all the ACA money into Victoria Gold which is up 50% since then. I wish I had kept my ACA shares and had sold something else to buy Victoria but hindsight is always 20/20.
Actually Just had a quick look over my 3 accounts I made nearly £300k so I am pretty happy - should have been double that if we had achieved the proper value for ACA but I accept that you are getting closer to its true value than I did.
Hang on a second chaps don’t get too carried away. I made over £200k here so I think I did ok. I already can’t remember the exact figures but let’s say I had 275000 shares and sold at an average of say £2.45 so my loss by not holding is 30p per share or £82,500 well I am making more than £150k on Fres / SRB and my profit on INDV is nearly as much as my losses on MTRO so although I applaud the money you have made since I have been gone there are uncapped opportunities in the market which have not invested in as you hold tight to ACA - no criticism intended just a little reality check.
Hey good for you BB..! You won't lose out..even it drops for a bit!
We are now past the £1.60 odd level chaps - and no you should not have sold, Franky, VV and I are holding on to our Golden Chariot- you can always come back in here there are plenty of nuggets around, and I am not talking about those found with metal detectors on the Kent/Sussex coast. -Good luck and ATB -Thanks Boris for the master class.
Yes my Godfather used to be the Marstons Company secretary and so I always have a soft spot for them. To be honest he was a great man and even left me some money when he died. I did sell my Marstons in two lots over the past couple of weeks, but will go back in again later if they fall in a crash. Agree with your feeling on Barrick and what with sterling falls they will earn us a lot more money that we had calculated.
Hi Super - totally agree. Plus the efficiencies that MB is putting in to Barrick will only start to show through after his first 12 months in charge. There is the big win from Barrick Nevada synergy to help margins too that we will see in 2020. And who knows if they will get their hands on their share of the $5.8bn damages awarded from Pakistan...
Anyhow all's good and I have no problem holding. Hope alls good with yourself. I did my bit when camping last week btw and had a pint or two in a Marstons pub for you :-)
Still a few weeks to go until the Takeover from Barrick - so I see us moving up from here, taking the promised divi from Barrick and then the G.O.T. releasing the composites, and can also see we will benefit from the many World deals Mr Bristow is carrying out as we speak. As sterling falls, (it is hardly going to rise with all the politics now involved with Boris) we will get additional gains based on currency inflows from a Dollar share and so Barrick will be a very clever share for us to hold.
Hi All, Im still in ACA and thankful I took that decision. I will continue to hold as they transfer to Barrick too, especially with my view on what will happen with the gold price as the fed joins in with the race to the bottom for national currencies.
Like Pistachio Im building a good stake in Bushveld. Think i got in a bit too soon but have been averaging down and the tide appears to have started to turn so am hopeful as really positive rns due. Plus BMN is such a dramatic board!! and you miss that after ACA has been resolved!
Franky got my vegetarian daughter looking in to Agronomics as we speak!
Cheers all
Good for Boris, bad for the pound = uncertainty and Dollar earning Companies such as Acacia to be Barrick earning more for us when converting back into sterling. I now see this as both a short and longer term investment, Fill yer boots!!
I have taken the profits I made on my other shares to invest in here, and bolster my stocks also in CEY and Hoch as well. I am already in Beazley my other Dollar earning share and Barclays should be ok. I would suggest avoid UK Domestic earners however until the UK Rates start going up after Brexit. Good luck even if some of you are wrong- ha.ha
As put is sell I will correct my post ‘quick punt’.
Franky - vegan food now the no1 takeaway in the UK - apparently lab grown products are acceptable in that market so can’t be a bad thing. Good BoD and spread of investments with ANIC so I have taken a quick put at 20,000 shares. ATB
Thanks Franky - I am up for a flutter and will have a look at ANIC - down 5% today but I agree the future needs to include lab grown meat and fish.
Well its not punishable by death BB and all these calls are very marginal very often! The benefit of hindsight makes us look either like we really know what we're talking about or dumba@Ses...but neither are really true as we're not ultimately in control here! Long Term is the best call of all and with that in mind, if you have a spare 5K and can leave it for a few years I'd go and stick it in a "Clean Food" investment fund set up by the founder of Innocent Smoothies. Its called Agronomics and the share ticker is ANIC. They are investing into companies that are commercialising Lab Grown meat and fish. This industry will take a few years to get going, but logic dictates that this is where the future of food production will head. Worth a small stakes punt and could make 5K worth 500,000K if one of their investments hits the jackpot! Good Luck with MTRO and INDV.
By the way I hear that StockABC is a really great guy and will absolutely give you kind words and not try to rub your face in his shL£. Being petty, I am particularly glad he cashed in his investment too soon and stuck it doubtless into something performing far worse that ACA.:-)!
Hands up guys I did not expect Barrick SP to rise so much so quickly with the obvious benefits to ACA (should be £2.70 based on ABX closing) - at this point I would have done better just by sitting tight. I believe I have taken stakes at good prices in other companies and I hope they still have the opportunity to grow but in total cash terms I would have been better here. For the record I am excluding MTRO from this and at least most of my stake in INDV as I did not use any of the funds I raised from selling ACA to invest in those companies, you may remember I had divested my other holdings a while ago to create a cash pile. You would of course be right to say that I have potentially squandered my advantage by going heavily into MTRO and at today’s SP you would be right, I am taking a longer term view and despite my current loss I remain confident that it will come good but as a snapshot today I am doing badly there. I don’t believe I have ever suggested that you would do badly by holding, I still believe a switch to Barrick directly would have been a better call but if we compare our two decisions to date then holding was a better call. Emotionally I prefer to have a bigger spread of companies and whilst I still have fairly substantial holdings in my recent purchases (to keep me interested) I have spread my risk and my opportunity the dichotomy is of course is that after all this time you have virtually no risk here. ATB
The other reasons for holding ACA beyond the special dividend include the fact that Barrick will also take a good 4-7% jump on a resolution with GOT. Further they are highly likely to raise their dividend at the end of the year. You add it all up even without the increase in GP and share price and you d stillnenjoy circa lowest case a good 10-12% on your money. PS I would be careful about individual mines after our experience and the increased GP is only going to stoke up more resource nationalisation!!