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I think the £2 figure represents more of a physiological barrier than one based on value - when we brake it, we will surely smash it and I would not care to speculate how high this could go especially if the shorters switch from a 3 million share short (from the 11 million held in private hands) to a long position - they are smart enough to realise that gives them the best opportunity for profit. Many will now be in or near profit but you have not held through such pain to now be short changed with a few thousand pounds gain - the SP will still double from here. Newcomers will wisely be buying in now and our current price will be their benchmark. Super pointed out that the SP rose 40% on the day that the framework agreement was signed- even though I anticipate that the gain will be far greater a 40% rise from only £2 gives us £2.8 - if things run a normal course then a buyer (ABX already confirmed that likely to take ACA in house) would give us say another 40% premium which would take us to £3.92 - for reasons I have outlined before I believe that the actual figure will be still higher. To have such an opportunity whilst the rest of the market is in such turmoil should reassure you that this is by far the best place to be invested. Hold hard you deserve your profit.

Sorry Hi Super.

Hi Stock - I think there is more pain to come for equities and commodities other than gold the US/China issues are far from over and the Fed seem keen for another rise next month with forecasts for 4 more rises next year. Gold may not have an easy ride but everything else will suffer more. For those invested in Glencore - I fear the pain will get much worse tomorrow. We are the safest haven in the gold sector which itself is still the safest haven - the timing of this could work out very well for us - not only will we get a good price for our stock but relative to other equities we will be doing very well indeed. £2 this month or next?

Wow. DOU opens over 400 points down - hold onto your hats and your gold shares!

Bitcoin falls to $4300 from a high less than a year ago of $20000 - gold is the true safe haven. Bitcoin will never be cheap enough. Hopefully we will hold any rise into the close - only a matter of time now before the next hurdle which is £2 and then a big jump up to our true value on news. I do not mind the day traders taking their profit but they will almost certainly miss the real reward that this share will deliver.

Pence puts an end to speculation that trade war between US and China is nearing a negotiated settlement - Dow will fall heavily on Monday and Gold should continue to rise.

You know my view that share will double when agreement signed (on forecasted cash flow alone) - I still think that Barrick will buy back they will not want the complication of minority shareholders in a London listed company. Will they suspend on announcement of deal and make offer or will the offer follow the announcement - good to have only the procedure to concern us!

Barrick Group appear confident that they will reach an agreement with GoT in early 2019 but no indication of what will happen following that. I will be happy with a resolution and I anticipate the price to rise considerably on confirmation.

Lots of work going on to bring price down for close - £1.80 tomorrow?

Well what a mess. TM’s deal not great but at least it would have moved us forward. I don’t see how the proposal would get through Parliament - Raab resignation seals it’s demise. What next? We either have to accept a No deal exit - troublesome or yet another referendum which will probably mean remaining and accepting a Federalised Europe. I would not be at all surprised to see a general election and a labour government which will sent the market into a tailspin. Gold will rise but at what cost to the economy. Beware housebuilders (rightly or wrongly)they are going down heavily. As shareholders of ACA we are probably in the strongest possible position but the rest of the equity’s market is in for a terrible shock.

No £270k trade after the bell that was the uncrossing trade.

Ok Stock, I won’t repeat why your assumptions are all wrong and why we are likely to be offered more, I have done that enough. I will take on board what you have said but I do struggle with fellow investors talking a stock that they own down - you live and learn I guess.

Thanks Super if I had wanted to argue I would have just called my ex wife - I do not look for conflict on a chat room!

£75 k is a lot of money for anybody - if I was you and unable to average down then I think I would be working to get my money back and not act as you do. My speculation has been based on the facts as we new them at the time and based on years of experience on both sides of the desk. You are very good but I still think you fly under a false flag please feel free to filter me, I will not be upset.

Franky you do not fool us anymore. You claim to have bought in at around the same time as I did at about £2.90 - you have encouraged our empathy by claiming that you were going to have to sell before the rise and looking back over your posts every positive statement has been shrouded in negativity. I was able to average down and now like many others I am in profit you are either shorting, trying to talk the price down to buy in or quite honestly have the worst investing approach I have ever come across. Your latest attempt was to criticise operating in Tanzania presumably you would prefer us to be located in Cornwall or Wales but unfortunately gold is where you find it. From our perspective Tanzania is the Wild West but gold is found where it is found and lots of places are much worse than Tanzania. The delay around striking a deal has cost the people of Tanzania a fortune after concluding an agreement we are more likely to have many years of solid production than not, but theses are the risks of mining - every industry has its own risk these are ours. I have lost track of when you believe a resolution will be reached but thankfully you admit that one will be found but now you think that ABX will not give us fair value although I think you now accept it will be well north of where we currently sit and much more than the 50p even 5p you previously suggested. Private investors will not determine when or how much - we only own 2.8% between us - so why are you bothering - could it be the shorters desperately need our shares? I have looked back to establish that the IPO price was actually £5.75 gold was trading between $1100 and $1400 at the time, an offer of this amount would in my view give us a clear premium on where we are now and remove any argument of what may or may not have happened in the past be that real or contrived by GoT - sorry Super but I think this is about the maximum we could reasonably expect and to be honest we are more likely to get it because of the way things have played out in other circumstances we would not have anticipated much more than £4. This will of course follow a settlement with GoT. MB has confirmed he will start talking to GoT straight away and the signs are that ABX will want to buy up our stock soon after the merger is completed on Jan 1st. JT has said almost 100% certain Tanzanian assets will be sold to the Chinese - I would prefer if this was a partnership but as Barrick Group hopes to have just 6 Tier 1 assets then I think an outright sale is more likely - I will not be involved in making the decision and I am simply speculating on the information that is available - I remain invested because I remain positive if you are not then sell up and move on.

I am not aware that an offer price has been given by anyone that matters. The claims made by GoT re the level of gold we were supposedly hiding were clearly a tactic to shock, that worked but now it is time to move forward. Believing that Barrick would sell a controlling intest and sit happily by as just another shareholder whilst this team run things is just so ridiculous I can’t even bring myself to comment. I feel like I have wondered into an alternate universe and think I have probably been posting too much so I will leave you all to it for now. Very best of luck.

Well I have come to expect your devils advocate approach always talking the price down - unusual for an investor especially one that is underwater. I don’t expect the GoT to be stubborn but of course you are right they may be but in my view they have given it their best shot and will be happy to conclude this along the lines of the framework agreement. From where we are today I am sticking with £5 plus. We can go back and forth as much as you like but neither of us will be at the table so let’s just wait and see.

Hi dimi perhaps you could mention our situation on the FRES board - I am sure you will be doing them a favour and we could get some new goldies on board.

Barrick are not interested in small scale exploration- they will leave that to others and buy up proven reserves. It is possible that they could spin off the other assets with an IPO - Ok I would look at it but unlikely to want to invest myself. Like you I am a long term investor but I will not turn away the opportunity of a profitable takeover - I would be totally against an asset sale putting the money into ACA so it could retain a UK listing and I think most other shareholders would agree. Aca management can easily be retained within ABX and will probably be in a safer position as mine resource than HO. They were never intended as entrepreneurial Directors driving the business forward they were interim managers to keep the lights on for which they will be handsomely rewarded. No offence but I don’t see the current ACA board as deal makers and I doubt they will be brave enough to try. All eyes on Fed rate decision later today.

My maths used to be better, buying the 34% at £5 per share would actually cost £738 million. As Super reminds us we also have £200 plus of gold concentrate stockpiled which can ‘quickly’ be turned into cash and have spent the last 12 months or so repairing and fine tuning the mines ready to jump start production. Perhaps we should be getting more than £5 and I think we could well get it if the decision has been made to streamline the assets and a total sale to the Chinese is the preferred route, let alone putting a value on the undeveloped opportunities that have been discovered in other parts of Africa. Taking all that into account I am certainly not going to lower my guesstimate and perhaps Super is more accurate with his £7 - who knows but in real terms it will not be long before we find out. There is no way ABX will take on the risk of having to declare the ridiculous $190 bn tax liability within their accounts so any deal will only follow an agreement with GoT and of that I am certain.