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Taken to its extreme and it will not be done like this but the subsidiary company could be set up with 100 $1 shares with 16 being given to GoT and 84 to ACA holding company - same result. All costs and taxes bourne by newco - management/capital charge equating to 84% of balance re charged by ACA holdings.

Yes Vijay I agree that they if they do give 16% to GoT (over time) they will not just give away 16% of capital etc and will almost certainly set up a new subsidiary for the Tanzanian mines (does not currently exist) presumably the income generated in future operations would then go to this newco. This co would then be responsible for all taxes etc, the 84% owned by existing ACA shareholders would be called back to ACA as is now (based in UK) - I would hope on a monthly basis - perhaps this also deals with the need to hold a Tanzanian bank account as only the funds of new subsidiary remain ‘at risk’. For completeness I am suggesting that the company assets as are listed now remain with ACA future earnings are split with ACA mark 2 which includes a 16% holding held by GoT (and possibly paid for over time from dividends issued in the operating company). Sorry this is badly written but I think it makes the point. It also shows why it would be much simpler for ABX to buy ACA (2:1) and restructure (with Chinese?)

Sorry but same thing for the issue of Directors options.

Hi Franky, if shares were to be issued to cover the 16% then they would not be purchased in the market but be issued at the shares nominal value of 10p per share so at a cost of £6,560,000. In the normal course of events you would probably expect this action to reduce the share price by 16% as the total share pot for the same company value had increased.

Now repeated as a buy to reverse. (17.04).

Had to scroll back - very strange indeed - whatever it was it rather suspiciously had no effect on the price. I guess we will find out soon enough.

Whilst I certainly hope we get a meaningful announcement tomorrow - 8 of the top 10 risers today are miners.

No way he can be involved with both or indeed manage the transfer in unlikely event Ashanti are involved - delay in announcement on ACA site just shoddy reporting.

Hi Vijay, I get your point but Ashanti are already there.

Hi Super, are you suggesting that Ashanti might be positioning themselves to make an offer for ACA?

KD is Barrick appointment as Chairman of ACA - let’s hope he has wrapped up all of the issues before he goes at the end of August. I am sure he is totally professional but his mind will be elsewhere now. Great opportunity for Ashanti as he will take all of his negotiating experience straight to Ashanti to fast tract their deal with GoT. Barrick Announces Departure of Kelvin Dushnisky TORONTO, July 23, 2018 (PDF) — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced that Kelvin Dushnisky has accepted the position of Chief Executive Officer of AngloGold Ashanti Ltd., and will be leaving the Company at the end of August.

Hi T can you post a link?

Barrick are not carpet baggers and I am amazed that you still think they are out to trick us out of our assets. Their reputation is worth far more to them.

Sorry Vijay but I totally disagree with you a share buyback is the strongest sign of confidence that ACA could give.

I am also concerned that as the CEOand CFO are new in their positions and as far as I am aware as they have never held these positions in a public company before that they may not be aware of all the tools in their arsenal and their duty to use them. I would go further - they are probably used to being given instructions by Barrick but Barrick as insiders to the deal will not be able to advise the board to start a buy back program when this to me at least is the most obvious and necessary course of action.

Hi Super, if the company was not taking any and every action that it could to protect its shareholders from blatant market manipulation in the hope that they can exercise their options at a lower price then that would be a breach of their fiduciary duty. I have no intention of selling, I still anticipate a profit and I am not panicking I am simply pointing out an accepted and normal procedure that the company could undertake when it feels that it’s share price represents the best investment opportunity for the funds it holds and/or that its share price is being unfairly represented in the market due to external factors - if ACA has no faith in its share price then why should I? $5 million of buybacks (probably much less) would not break the bank but would change the face of the share price.

Stock- please stop fretting about what the deal may be - ACA need to act. They would only have to spend a fraction of the amount they are currently spending on legal bills or exploration - their first duty is to their shareholders and the best thing they can do is a share buyback.

Another bad day at the office with JP Morgan reducing to underweight and a target of £1.10. We are down but not out and as the real situation has actually improved there is nothing for it but to see this through. I have today emailed the investor relations department and asked them to at the very least consider a share buyback, I believe that this is the single most effective thing that ACA can do. If you are invested it is time for you to act email:- smarshak@acaciamining.com and ask that the company undertake a share buyback. You can do nothing else but you can do this and you must - please send an email, the more of us that act now the more likely it is that they will take action even if you have never posted here if you are invested then do something to help and send an email to Sally today. Let us know when you have done it.

A good piece from the Citizen touching on various points of our journey. http://www.thecitizen.co.tz/News/-Acacia-sells-stake-in-new-gold-mine/1840340-4675364-y93omtz/index.html

Super I note the senior management crossover but it was obvious that the CEO and CFO do not have a clue as to the current position which I would find unacceptable if I were them. That said I accept totally that the right people are doing the negotiating- I have great respect for the ‘Barrick Boys’. I am ready to dance!