Member Info for BIGBangs

Hi Super, I finally managed to watch the Bloomberg interview which I think was expanded by Reuters report. It seems clear to me that a resolution with GoT will be found and then ACA as we know it will either be brought within Barrick or more likely in my view sold on - either way we are in for a terrific boost to our SP - my view only gets firmer at a fair value is £4 plus probably £5 but we have a little bit longer to wait for the final confirmation so just sit tight and thank your lucky stars that you are not more exposed to the wider equity market. We should know before the Brexit date and so be well placed to take advantage of market conditions at that time. Holding ACA has been painful for much of the time (although I am well in profit now) but I think it will turn out to have been a blessing in disguise. Interesting to note that Barrick now have a market cap of nearly $24 billion.

MB confirms in Reuter’s report that he is confident of a resolution with GoT. MB confirms that fair and proper value must be achieved for all stakeholders.The article goes on to report that ACA will either be bought up by Barrick as a unit or may be split up among other options. It further reports that we will have details by second week of February. Longer wait than I had hoped for but for the right result I am sure I can live with it.

You should check with your broker I72 and make sure you have completed the form to include US shares in your account. This is a simple process and can be completed quickly online - do it tomorrow. Lucky you found them.

TB you obviously have your ow agenda - which is fine by me as you are helping me buy in lower. SHG debt reducing now $35m - GoT owes $20m VAT - if they had wanted to raise money through a placing they would do it for expansion but have confirmed that will be financed at asset level. Cash flow easily covers debt repayments and forecasting target of 100oz in a rising gold market. Compare to any gold miner you like and these shares represent good value. Mining in Africa has its problems but that is where we operate and where the gold is.

RNS 5th December

Sorry my reply was meant in response to GB’s post.

Don’t worry it will. SHG have confirmed that there will not be a placing - gold is up - production is up - results update soon. Let the doubters sell or hold of buying - this will come good - hold hard.

Happy New Year! BlackRock announce increase in holding- normally a good sign. Still lending shares to shorters. Let’s hope the new year and conclusion of the RRS/Barrick merger will soon bring us news of agreement with GoT and whatever comes next.

It really does make you wonder - or perhaps I just don’t get the joke - why? https://www.bbc.co.uk/news/business-46714984

I think/hope that the £100 million is the full contract price and when the service is not required there will be a small cancellation fee that they can console themselves with. I like the idea of a hot dog stand though - certainly more than I like Stobart!

£100 million government spend will mean a big pay day for some.

Hi dimi, thanks for BEG, I have also included it on my watchlist. I have quite a few friends that have been sitting on the other side of the table from these guys and their ilk - whatever happens they get paid first and the longer it takes the more they are paid - read into that what you like. Accepting that the job has to get done I don’t have a problem with making money myself with them. 2019 - you have certainly hit the board with a flourish and I am very glad that you are a buyer of ACA - with your view of the market in general I take it and a strong vote of confidence - why did you wait until now to buy?

I really would not worry about the tax - worry about buying the right share. Like Tiger I would not be buying Hummingbird and if you are used to the security of RRS then AIM may be a bit of a shock. If you are in doubt why not stick with RRS through the processs with Barrick pick up ‘GOLD’ shares in $ and see how it goes - you could do a lot worse.

It’s all about getting yourself in the right position to take advantage of the market 2019 - I think we are doing that. I see a recession as an opportunity but that is easy for me to say others will suffer - I don’t care about the market big wigs or traders but I do feel for the man in the street who goes out to work every day to make his living and may find himself out of a job but me taking advantage of the situation will not hurt him more and ultimately it is only investment that will bring it all back.

I agree with a lot of what you write 2019. A market without QE will be very different going forward. We have long speculated on here about when things will turn and I can see a DOW of around 19000 being about right and 20’19 could well be the year. I don’t see the FTSE falling as much because it has lagged DOW with Brexit fears. I have taken a punt in Low & Bonar (LWB) Down another 10% today at about 14p - I just feel that it is worth more - hopefully they will cancel the dividend which should help the SP quite a bit. Only one more trading day of 2018 and then we will surely see the news we have been waiting for with ACA - can’t come soon enough for me.

I always forget something - FRES is top of my list for a major investment but SHG is certainly up there for me - I have bought back in recently and all the signs are very good. They are planning for 100,000 ounces of gold by 2020 and that would see a massive retake of SP.

Hi Super, I too am very cautious at the moment - bemused might be more accurate. Although today’s movement in oil stock is all positive I don’t share your confidence that OPEC will ride to the rescue - I still don’t really understand why Trump reduced the effectiveness on Iran sanctions by allowing so many countries to continue to buy oil - without comment as to right or wrong surely if he had been tougher oil would not be down now - but as low oil is good for the economy in general then perhaps that was always the plan - I’m sure I don’t know but am avoiding oil stock for now - although I have previously made money in PFC and am frequently tempted to return. I know you are a fan of PMO but that has burnt me in the past and I don’t believe in TD. I watched a report on Bloomberg where the respected analysts was predicting a $ fall leading to £ at $1.40 plus so I am trying to decide what that means for $ stock going forward and the net £ effect on gold.. He was quite confident, as am I, that there is life after Brexit and that UK will take May’s deal. CEY continues to disappoint and I will stay well clear until Feb - FRES should benefit from RRS leaving and they have moved to the top of my gold list following ACA resolution. POLY and HGM just feel wrong and HOC is a pure silver play which I have so far managed to avoid. POG still in turmoil so I am leaving that well alone. Aca still has a long way to climb - I had anticipated we would be further along by now but I will not complain as we get closer to our £4 or £5 pay out every day. It’s still dangerous out there so buy wisely or better still wait and see - the only safe bet is right here.

Just noticed the switch n DOW - 4th highest buys every reversed 700 point fall to a 200 gain - you just cannot predict this market - gold holding well. I agree P with all the uncertainty when the ACA profit lands there will certainly be a lot of opportunities out there or will cash remain king until the market stops jumping around - I can’t decide but time will help.

Personally even though I believe the house builders to be oversold they could well fall further over the next couple of months with Brexit. I have made good money in the past and still follow them but I would rather miss the bottom than buy in too soon. Interestingly CRST have a lot of shorters BDEV have a few but TW do not appear to have any - when I buy I will probably take up all three - CRST must be a takeover target and not a lot to choose between the other two. Last day on the market for RRS tomorrow which should be good news for FRES but the big riser will be ACA when news lands.

Market speculation that SHG would do a rights issue to raise cash was holding the SP back for much of last year together with the VAT issue. SHG’s RNS as reproduced by 1759mk1 removes that obstacle and clearly states that funding will be completed at the asset level. If SHG can produce 100k ounces then that would have to give a market cap of at least 5X the current one - if no more shares are issued that would mean 30p per share. I’m certainly willing to hold/add in anticipation.