Member Info for BIGBangs

Sunil Mittal the multi billionaire owner of Bharti Airtel a massive Indian telecon company intent on expanding its business in Tanzania, gets directly involved with the Bulldozer and agrees to give GoT a 9% stake in its Tanzanian operations - deals can be done - let’s hope we are next.

I would normally agree with you dimi but Goldman Sachs have been down playing gold for years whilst building a large position making it safe for them to now switch position and get bullish. As you say not the biggest factor on the ACA route to glory but it can’t hurt.

Very surprised that the increased investment from Sustainable Capital to 9.43% or a massive 73428150 shares has not kept the momentum in the SP moving. SC who according to their website specialise in acquiring substantial stakes in undervalued African companies should have had a larger and more profound effect on the share price - they have done the research and confidently increased their holding so why is the share being held back? Who would possibly be selling with news generally good from Tanzania, gold price rising, equity market still unsure of itself and great potential within the company? My own view is that the MM’s are either trying to build a position in the hope of good news or trying to fill another large buy? Nothing else makes sense. If you are concerned read Sustainable Capital’s own words:- ‘Our investment philosophy is that the sustainability performance of countries and companies is fundamentally linked to long-term investment returns, yet inefficiently priced by African financial markets’.

ACA advises that they have been fined $130k by GoT for a well know issue with seepage from tailing storage facility. This would explain drop from £2.03 to £1.97 at 10.30 today. Obviously protecting the environment around sites is a ongoing concern the action by GoT is just normal to this type of operation - I choose to read nothing into the timing of the fine just GoT ensuring that everything is in order.

Yes NS I did see your post and it did give me pause - not entirely sure what can be done about it, another risk to investing? I would not be concerned about ACA they have done very well over the last few months doubling in price. They are the flag bearers for Tanzania and are very likely to do a deal with GoT over the next few weeks and Barrick have suggested that they are likely to buy up the shares they do not own. A resolution between ACA and GoT is likely to bring a very positive uplift to SHG. Glad you are not selling your SHG shares the risk reward ratio is definitely in our favour.

Well guys I suppose you can look at any change as bad but building gold reserves and perhaps removing a mining minister that was a barrier to progress seems pretty positive to me.

Hi NS, why do you read that at negative?

I notice that on Jan 7th (reported today) Marshall Wace have dropped to 0.48% ie below the reporting threshold of 0.5%. It would be madness for them to build again so I expect to see us rising sooner rather than later.

Certainly can’t argue that £2 is being fought over but as you say so was £1.60 indeed £1.50 and £1.90 were also a struggle. The daily average is low which just makes it easier to keep the price within a range. I remain confident that we will reach £2.40 before news and that could come all at once. I don’t think there is much argument that a deal with the GoT will be done and that our shares will be bought up - the shorters hold 0.59% meaning 2.4 million shares have to be acquired, surely that can only have a positive effect on the SP but as to when, other than soon, who knows.

Have GoT removed the last obstacle to a deal? https://www.reuters.com/article/us-tanzania-mining/tanzania-appoints-new-mining-minister-official-idUSKCN1P20WS?feedType=RSS&feedName=worldNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Reuters%2FworldNews+%28Reuters+World+News%29&&rpc=401

Is this where old RRS shares will end up - Canadian $?

Fed reverse on QE saying may halt/slow redemptions if required also will keep on eye on the market before raising rates. Comments greeted with such enthusiasm that US market had to be suspended today as it was rising too fast - gold falls. Buridan’s ass seems to be the order of the day. Anything could happen to effect the markets over the weekend but our momentum and the solid reasons behind it remain strong. We did apparently brake £2.10 at one point today - finishing up at just over £2 so not bad but I am still confident of £2.40 before news.

A win is a win - sounds like a good return for the investment. £2.10 on US open?

Thanks dimi - perhaps I will leave spread betting alone for a while longer. All of the comments by the poster 2019 have gone from my screen - very odd if they are still on yours. I generally agree about broker recommendations- they are normally behind the times and often have an ulterior motive - I am however happy to believe that on this occasion Barclays have done all the work and come up with a solid figure for the news in the market - well I would be wouldn’t I?

Actually £2.25 target.

Barclays resumes coverage of ACA with OVERWEIGHT and target of £2.20 - remember this target is just for what we know now - not what we hope or expect to happen.

Very pleased to see that live price is buy £2.063 which is 52 week high. Anyone else notice that all of ‘2019’ posts have disappeared? Good it we could take Supers £2.10 next step target today and move closer towards my own of £2.40.

Conviction

Very glad you are making money but buy and sell on your own conduction and not ours - you may be lucky this time but Chat rooms are not generally by themselves the best advice to follow - we are invested and that fact alone makes us biased in favour of the positive. I really should look into spread betting - presumably it has a large spread?

Well done with your wins - I am already up 25% on LWB - still has further to climb I think. SHG struggled today but I think that is just the MM’s building stock for a large buy - time will tell. I don’t think we will make the 100 for the simple reason we will not be around in this form (ACA) long enough to make the next review! Glad that you are at/close to profit - it will all come good soon. MB needs a style consultant so that he doesn’t wear shirts that glare on TV, made me quite dizzy! I like the fact that he is no shrinking violet and makes his point - I for one think he deserves the spotlight - a true entrepreneur. ATB.