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I don’t think I have ever seen that before - every single trade today appears to be for 750 shares - perhaps the robot got stuck? End of H1 nearly upon us, interesting times ahead.

Thanks for your comments. I think my sentiment comes down with that of ‘gods’ in so much as regardless of what the full potential may be Zioc will get taken out early whilst Glen will get the full benefit. I will certainly keep my holding here but I think for various reasons (including today’s drop) I will top up with Glen. I wish you all the best.

I have been following this co for some time and made a modest investment. I like the small number of shares in issue and the fact that there has not been any dilution. The asset itself is considerable and comparisons with other companies that have been acquired by the Chinese boost confidence as to ultimate value. The cost to get the product to market and the general political position is a concern as is the timescale to make it viable. The question I keep coming back to is if the asset is so strong and 50% is owned by Glen then why not buy Glen which would benefit hugely if the opportunity is fully realised but has other considerable assets with which to spread the risk. I would be grateful for your views.

It may be interesting to note that chief exec of Anglo - Ashanti commented recently they they (Ashanti) already pay 54% of economic interest in their Tanzanian operations - so a deal at 50% going forward for ACA doesn’t seem to be too onerous, just important to get things resolved once and for all so that they can move forward. Not long now.

Well it definitely says 29% up - here is the link http://www.newsnow.co.uk/h/World+News/Africa/Tanzania

Citizen reports that ACA up 29% on DSE. News imminent?

No I asked about total shareholders.

Stockabc - I can only agree that the 200 private shareholder figure does not feel right and seems far too low - I have contacted IR and will report back when I get the actual figure. Apologies in advance that I did not properly check the number in the first place.

Supercharger has proved to be very good at research perhaps he would be good enough to ask his contact at ACA and let us know?

Stockabc - I think you need to read the last few posts again you appear to have misread what was written.

In this world when shorts are increased and they fail to further reduce the share price as they are the only sellers in the market - realisation leads to a short squeeze and a rising price.

Opium I am sorry that you always feel the need to be quite so rude and aggressive perhaps you should seek professional help. You have told us that your steak here is less than £400 and that represents 1.4% of your portfolio- let’s be generous and call it £30k so yes in relation to you I am extremely wealthy but probably in relation to most holding shares in this type of stock I am fairly average and in relation to many I am not doing so well but I am not a liar and only time will tell if I am a fool.

So far during March MW have increased their short by about 1.2 million shares to 0.8% just to try and hold the price down - they are struggling especially with the prospects for gold let alone ACA being so good. Numeric must be laughing all the way to the bank. So what do MW think is going to happen? All the bad news is out there either a deal will be finalised with GoT and/or a sale will be agreed with the Chinese or no deal and international arbitration, yes this would tie our investment up but they will be paying interest on the loaned shares - brave call but a pure gamble the likes of which you would not normally expect from a professional organisation like MW. In my opinion they can’t get out without sending the price into orbit before any news and they are not yet prepared to bite the bullet. I do realise that the big players will and should not be influenced by boards like this but I think there are only about 200 private investors (can’t recall where I heard that snippet and please let me know if I am mistaken) and perhaps 50 of them might visit here so my comments and those of other genuine holders are intended to perhaps help them remain confident despite the twaddle that is often spouted on here. Although for purely selfish reasons I would be very happy for this to drop to below £1 as I would absolutely fill my boots and pockets I actually believe that this is going to rise quite soon and when it starts to move it will go up in big chunks - I continue to load up for the journey. All IMHO.

Well let’s see. I have given this some thought and the reality is that I and other genuine holders will probably be looking for an exit at some point but at what price and where then do we invest? This has been painful and I am less than entirely happy with GoT but I think there is a solution which might also deal with the slightly unusual position that Barrick have found themselves in. They have been negotiating a deal with GoT on behalf of a subsidiary whilst having a potential long term partner in the Chinese waiting in the wings. A neat solution might be for Barrick to offer us ACA shareholders one of its shares for every 2 ACA we currently own. They then sell 50% of what was ACA to the Chinese for Xbillion cash to reduce their debt (dealing with GoT at the same time). I for one would be a very happy long term holder of Barrick, I would stick with gold, benefit from future potential in Tanzania but spread my risk throughput Barrick portfolio. What do other holders think?

Barrick shareprice on the up because deal with GoT in the bag and Chinese buyers ready to commit? Perhaps we will hear this week?

Actually I don’t believe that small shareholders are selling. The price has been driven down further this week by the short position increasing by 0.1% which is 410000 shares. That means shorters have forward sold about 4m of the 11.5m available in private hands - how will they cover that position? Anyone can make a mistake but to keep repeating it is P45 time for someone. Fully expect more frantic trading - eventually this will become a battle between the shorters to get out but will they manage it before the big news is released? I have increased significantly and will continue to buy. Not long now.

Wow Marshall Wace have done us all a great favour by increasing their short by at least 82000 shares (.02%) to .5%. This is of course in addition to Numeric who dropped to .49% on 20th Feb. By coming back out of the shadows MW have confirmed my assumption that the shorters have forward sold about 3.5m of the 11.5m shares in private hands and will have to buy them back at some point. Even Opiium might agree this is going to be a challenge. The increase was shown as 28 Feb ie during the last week of frantic trading but the share price has not actually moved since this time last week. I now fully expect that a lot more posters will join the board and that speculation will increase that Barrick and ACA are in terrible trouble and that the GoT or Chinese are going to destroy what is left of the company and it’s share price - it will all be made up to try and get real holders to sell their shares. I have already admitted I have a grudging respect for how the shorters work and I shall now watch in the background at their manoeuvring. I value this share at £3/£4 and will be buying quietly in the background until the real good news is announced. Bye for now. All IMHO.

When Supercharger brought up WB I think he was referring to 3 of his investing philosophies. Be greedy when others are fearful, shockwaves create value and price is what you pay value is what you get. The shockwaves that have hit this share from the GoT actions have reduced the share price massively but have conspired to create a great opportunity - the issues will be resolved - there is great intrinsic underlying value in the share at this price for those that are willing to grasp it. Perhaps we now please leave WB alone.

Options normally vest on sale - won’t be long now? I am betting on announcement within the next couple of months although I am prepared to wait as long as it takes.

Almost like these guys are working for me. Should I be embarrassed?