Member Info for BIGBangs

Sorry Jambon - I see now you made the original comment. 3000 has, I believe, always been the market size for ACA.

Hi Franky, I chose to ignore that part of Opiums note. There is no way ABX will stitch us or the other institutional shareholders up. I am sure, sell up or power on, we will get the same deal that they do. ABX are a proper company with a reputation to consider/maintain and I am sure we will be treated well.

Hi Bit. Market size is fixed. Shown on share price page of lse so just check there. I use iii or is it ii now - never have the slightest problem with them and can always buy full market size - which is the guaranteed market price . I suggest if you are having problems with this or any other share that you switch - very easy to set up.

Glen or external commenters may not have liked the deal but Glen share price did rise on the announcement. For those of us that like external confirmation of our decisions have a look at this gold recommendation from last week. http://www.kitco.com/news/video/show/Kitco-News/1991/2018-06-08/RERUN-A-Market-Crash-On-The-Scale-Of-2008-Is-Looming-Buy-Safe-Havens#_48_INSTANCE_puYLh9Vd66QY_=http%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-News

Hope you have averaged down smiler - lots of holding coming forward - we will own large % of the free float between us. I am very confident but that does not mean it is not nerve racking.

Only 11.5 million shares in private hands.

Hi Bit - we have been here before 0.68% represents a very high percentage of the shares held by private individuals (loosely the free float). This is why they were able to bring the share price down so drastically in the first place. If you are bored later read back it is all there. Welcome aboard.

The good thing is we have not got long to wait.

Thrown the rule book out of the window for this opportunity. News in 2 weeks and 2 days max. I now hold over 200k shares. The market manipulation is shocking but you have to admire their determination! I think they have got this one very wrong and have put my money where my mouth is. More tomorrow if this continues!

Relieved to see some positive comments at last and can only agree that the price does seem ridiculously low. If I do not add now then why did I add all the way down to this point? No good being on the sidelines - I have added a further 12000 shares and will back this up with more purchases if the price allows. Forget about the price you may have paid - is this a good entry point? What is the risk from this level?

Opium - I don’t think it is possible to provide any evidence either way. I give you credit - the share price just keeps falling which is against every likelihood and fundamental that I have based my buying decisions on. So far you are right and I am wrong. Over the next few weeks we will find out if as you have pointed out I am foolish and have got it all totally wrong. I shall certainly hold and will probably continue to add until the news is out.

Although it will be of little consolation to the family of the dead guy this was a motoring accident and not a mining accident per se.

Well quite a long piece from you Franky. I can only agree. Obviously ABX are insiders and cannot trade but it could well be that other institutions have been made insiders - perfectly legal - providing insiders do not then trade on the info - and it would make a lot of sense. With this tightly held low volume stock the shorters have had a field day, most probably trading their position every day. I notice a further drop today but at some point shares will have to be repurchased and at the risk of repeating myself, where will they get them from? I think the deal will be announced to the market before the end of the month, this has been confirmed many times and then following acceptance by us the ACA shareholders formally put into place by mid July ie very soon now. I agree with you Franky that if we had known when we made our original purchases what we now now, certainly as far as the share price goes, we would have held off but because of the way things have gone, I for one have a far greater exposure to this share than I would otherwise have and always providing our original buying decision was right then we will do very well indeed. I am sitting on a greater paper loss with this share than I have ever held but it is the share in which I have the most confidence that I will make a real profit. I wish everyone that has been on the same journey the very best of luck.

I have no idea if it means anything anymore but very strong buying after the bell today. Lse indicates 2:1 buys overall. Personally I think the deal, negotiated by AXB and GoT will be a good one and there will be no need for arbitration. Countering the naysayers in my mind has reminded me to remain positive - the fundamentals are strong and it is in everyone’s interest for the mines to be producing. I remain a buyer on any further dips.

If it helps. Citizen reports that Tanzania will produce a realistic budget to improve international investment - budget due in 3 days. It can only be positive for us if GoT wish to increase investment - they have to agree a fair resolution with ACA or as others have pointed out investment within Tanzania will be dead. http://www.thecitizen.co.tz/News/-Lawmakers-expect--realistic--budget/1840340-4605678-u1ywpxz/index.html

No. I want to believe that it is a final tree shake before the news but I have not been able to reconcile the share price for quite some time. We know that an announcement will be made within the next few weeks and I remain confident- although bruised. I will add if the price falls much further but I have done that quite a few times now only to see new lows. All the facts point to a massive uplift - we even know the timeframe - don’t give up now.

In that case Opium you short probably short this share.

Yes - let’s hope. Also there is no saying that if they are keen ABX could use the opportunity to reduce their position with the Chinese taking the lions share. If ABX made the move at the same time as GoT deal (by suspending shares) then it could all be done in one move and at one price - if they do it in stages then it would cost more as rerated after deal then a offer price. ALB

Hi Stock- thanks for taking the time to consider my musings. Agreement with GoT is a big step and should see things get back to normal - I am relieved that you agree that this is now within our grasp. On its own I agree that ABX unlikely to want to increase their exposure but if there are Chinese buyers in the wings ABX would end up with a reduced exposure and a funding partner whilst massively improving their own cash position.

It’s the weekend so time to reflect. Before our problems began in March 2017 ACA was massively profitable and it will be again. A quick look back at 2016 accounts should give us all comfort. ACA where then forecasting a min of 850,000 ounces and a max AISC of $920. That would have produced an income of $323,000,000 (gold $1300). They also had a comforting $218,000,000 in the bank. Once this situation is resolved and it will be, we can get back to full production, things will soon get back to where they were. Look also at qtr1 31/03/18. Cash $107m - VAT owed $174m and concentrate c$300m waiting to be sold. If we made nothing in the last qtr that makes $581m or roughly our current market cap in cash. My perhaps slightly bullish belief is that following an agreement with GoT on a 50/50 revenue split, Barrick will seize the moment to offer us 2/2.5 Aca for 1 Barrick (ABX) share. Their stock currently on NYSE £9.80. That would require them to issue perhaps 75m shares taking their issue to 1.675 billion share (roughly 5% increase). They then own 100% including the $581 cash (equivilants). From this they issue (on suitable terms) 16% to GoT- notional payment for this comes from the $300m they have agreed in principle leaving perhaps as much as $35m to pay to GoT (saving face and boosting economy). ABX then sell 42% of clean co (we took massive write downs this year for just such a reason) for $700m (a bargain). Bullish and simplified perhaps but it makes sense to me - anyone want to tell me where my thinking or figures are wrong? I hold c150k shares now so I am inclined to look on the bright side!