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Also Tanzania are largest recipients of Chinese aid so will want to play ball with Chinese company. CEY suffering again today - rather be in ACA!

Closer ties with Chinese partner. ‘Barrick Announces Enhanced Strategic Cooperation Agreement with Shandong. Strengthening Cooperation on Investment Opportunities Building on the Parties’ stated intent to evaluate joint investment in organic mining projects currently owned by Barrick or Shandong Gold, the Parties have agreed to consider opportunities to work together on acquisition opportunities or potential asset sales, if both parties agree it is in their collective best interests, and would enhance the value of such an opportunity.’ Barrick’s announcement clearly indicates close bonds with Chinese company and in my opinion gives a good indication of the plan for Acacia.

MW dropped below 0.5% (28th June).

What on Earth is happening to this site - posts keep disappearing or is it just on my system?

I disagree- but we will soon find out.

Super, that all makes a lot of sense and I certainly agree that any miner operating in Africa would be very wise to have such a policy so I hope your appraisal is correct. I don’t believe the $300 mil will have to be paid in one go but over a number of years which must help whoever actually pays and of course we only be paid once a satisfactory agreement has been reached. This has been a long and on paper at least, painful journey but it will soon be over - I still believe we will be advised of an agreement with GoT and sale of Tanzanian assets to the Chinese - £4 / £5 or if they are sensible 1 ABX share for 2 ACA. Happy days ahead.

Surely that would not come into play if the payment is voluntary?

ABX share price doing pretty well today - coincidence?

Surely the most emotive vote of the century. Whatever you voted - the result is clear of the 268 of the voting areas (council) voted leave and 119 voted to remain so that is 69% against 32% and makes the decision clear cut. I can’t find the figures now but something like 492 of the 650 parliamentary constituencies voted to leave -so again whatever your original vote we should accept the will of the people and be concentrating on getting the best Brexit we can and stop arguing about it. Can’t help wondering what happened to the old UKIP voters during the ill fated May election surely if they had backed her then she would have won the majority she needed to push ahead confidently - crazy.

Ok, so if we believe (as seems self evident) traders are making wild bets to the detriment of the true value of physical gold / now and yet to be mined and we grudgingly accept that it appears that nothing will be done to legislate against it - why doesn’t someone come into the market and place massive buy orders which could be hedged by buying (or producing) physical gold and push the price up. I dare to suggest that this would be a more profitable use of the billions $ held within miners balance sheets than bothering to go to all the trouble of prospecting for more gold? When the dust has settled everyone could get back to the business of mining.

Hi Super, sorry, I am trying to catch up and the thread seems to be coming and going all day. Is there an article now deleted that talks of hedge fund panic or are you referring to TT’s repost of Odey/BlackRock interjection?

Thanks M, now signed up to ZH - it has the most amusing/stern sign up terms I have ever seen but very happy to comply.

Hi Marmot, I don’t think I have ever commented on this board but I have a relatively large position in gold and have been following CEY for sometime and feel it is only a matter of time before I take a stake here. I felt I had to pitch in briefly to say what a brilliant article you found - excellent and worth reading by anyone who invests in gold although you may well end up questioning why you do it.How did you come across the article?

And now it’s back - perhaps just a glitch.

Why was Supercharger’s post removed?

Well, I will not pretend that I am not a little disappointed that after working to a timeframe they provided for the last 8 months that we are now told that they will not work to an arbitrary deadline. I suppose I would have been more upset if they had waited until Friday to tell us. Of course I will hold - shorters may even provide another opportunity to add.

Full list of institutional holders. https://markets.ft.com/data/equities/tearsheet/profile?s=ACA:LSE

Interesting Vijay - all I can find is BlackRock Investment Management (UK) Ltd. AS OF 13 JUN 2018 - 20.41 million shares or 4.98%. Odey not listed (may be under another name) so any direct holding must be under 3%.

I am certainly not against getting a better deal but if Odey has gone for CFD’s then that does not give him voting rights - would have been more meaningful if he had brought the shares or did so now. That being said if BlackRock hold 10% then that gives them 27% of the none ABX shares and still a blocking %.

Goodness TT that is the most positive comment you have ever made - guess we can now work out where your loyalties lie.