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Of course the other thing to bear in mind is that in theory Barrick shares should get a boost today especially if we believe they have had a massive result here but in any event as the offer should lead to a settlement with GOT and a boost in gold production - we could be looking at £2.45 to £2.50 by the end of the day.
Holding gives us the benefit of the dividend plus the full value of the offer (no buy sell spread) significantly as the Barrick shares will either be in CAD or US $ (guys who exchanged Rangold shares didn’t get a choice but take Barrick in Cad$) which could be significant with Brexit or Corbyn Government. We will benefit (or suffer) from changes in gold and Barrick SP. looking for the positives I think holding $ will be a good hedge against British politics for a while and of course there is always the possibility of a counter bid as you suggest.
Hi Super...agree. One shouldn't discount a counter bid either. I ll be holding as Barrick has strong upside potential and sterling has good chance of weakening further. Like all good movies there s going to be a surprise right at the very end perhaps.
Must still be a strong buy - the offer price is higher, the Gold price is still rising which will help the Barrick share price and our price stock move even higher and we are still open to offers. The court case will take a while to process (maybe a few months) and therefore no panic Parf. to sell in the next couple of days. The court might actually say Super is not so stupid and we cannot agree to the sale at less than asset cost-who knows? They might also say certain LSE rules have been broken here too? who knows. However I would now like to see the G.O.T release the poor devils in prison. lift the export ban on the composite, and withdraw the notices in good faith, still a lot of good could come out of this.