Member Info for BIGBangs

Investor I am long with a large number of shares but I am afraid that comments concerning depositors pulling funds is not far off. Sentiment is important - personal facilities might be covered but business deposits are not and who wants to go through the hassle of making a claim?I don’t believe it will come to that and I accept that most depositors are not investors so are likely to be unaware of the SP but clear action is required by the BOD to turn the tide here and quickly.

I am tempted GH but my experience of IR generally is not very positive, they do not know and cannot say anything that is not in the public domain and although I accept it is their job to take the flack the poor decisions that have been made here are way above their pay grade. I might call and ask to speak to VH who I have always respected but I would hope that he is busy today trying to sort out the mess he is party to.

I really wanted to believe that the BOD had a master plan that would justify the very dubious decision of pulling the bond issue when £25 million short of a goal and 4 hours left of a normal trading day but it seems obvious that this is just another example of a total lack of understanding with regard to the market which we also experienced during the fund raise. I agree that their main responsibilities lie in running the business but they or their advisers should also be aware of how their actions can affect the market. I still believe that there is money to be made here but I am afraid that I now have to support Zccax’s call for the sale of the business. This BOD cannot be left in charge and if we have not already done so we should put up the for sale sign and let’s gets taken over by people that actually know what they are doing.

To continue your analogy Poker - what if the ship is carrying perishable goods - surely the loss of the cargo must also be considered or and if you decide not to sale you need to take action to reduce the obvious loss?

I agree Poker but I also believe the BOD have a duty to take into consideration what the effect of weak, poor or stupid decisions will have on their shareholders via the SP. I won’t be selling, in fact I have added quite a few this morning but decent, honest shareholders will have been stop lossed or traded out this morning with significant losses due to fear and uncertainty. The actions of the BOD pulling the bond issue in the hope of getting a better rate later in the year has cost shareholders £62 million - I still hope there are more positives to the story but at the moment it just seems a bit ridiculous at least we may finally shake off the shorters who should take this opportunity to exit.

Surely no one seriously believes that the BOD would have pulled the bond raise being only short of their goal by 25 million at 1pm and set themselves up for massive criticism if something significant was not about to happen, no they would have pressed on and the news flow tonight would have been on a successful raise. We do not know yet why it was pulled but we will probably know tomorrow, I choose to believe that the news will be good.

For all the reasons that have been speculated on this board tonight I have decided to believe that pulling the bond so quickly will be the turning point - their must have been a reason as otherwise it just seems too stupid therefore something sensational is about to land.

Some interesting largish buys in the last 20mins or so if trading - I feel better already.

Added a few more - appreciate the show of support from non-exec now we just need some significant buys by the exec’s.

https://shorttracker.co.uk/company/GB00B2QPKJ12/

No apparent change in short position rise today is on the back of rising silver price.

I think the sell will be the result of super Friday and the final tracker funds leaving following removal from 250. Still a confident hold for me - profitable company, large dividend - wait it out.

Same number as your posts Istock - post more and the price will rise.

Cud, whilst I may sometimes raise half an eyebrow at the number and style of your posts, I thought I should just acknowledge my thanks, you certainly have a handle on this share and how the duplicitous market forces can affect it. I agree with your earlier post that we are likely to drop below £3 again but I have certainly noticed that our lows are higher and we steadily achieve a higher base, if we drop I don’t anticipate that it will be less than £2.85 giving a base to rise from next week when many things may become clearer. Anyway thank you for your input.

Yes dimi this is the Newmont owned mine - I think we have alluded to this before in relation to bad practice - from memory the mine has such a low grade of silver per ton of ore that they have to use something like 100 times more water than Fres to produce an oz of silver. This in a country that has a severe water shortage - unforgivable. If you are are silver investor sell Newmont and buy FRES who operate with much respect for the environment. As your article shows the dam for the Newmont tailing is a total disgrace.

Added a few more after consideration of recent world events and in anticipation of FED dropping the rates - fairly confident of a 0.25% drop but I hope JP goes for a stronger marker with a 0.5% drop. Soon find out.

Took the opportunity to add today - Silver price up nicely.

Frankly amazed by Odey’s increase but he needed to do something to hold the price back - at the end of the day he will just have to buy more back to balance his position. I don’t underestimate the skill of the shorters but they do not always get it right - smells of desperation at this level, he should perhaps realise if he drives the price lower many of us will be adding at his expense.

I maintain a large number of these share but have been tempted over the last few weeks to do some day trading - it has worked out well for me and I do not apologise for it. With the latest news from Boris and the general sentiment surrounding this share I will now hold hard onto the shares I have as the fundamentals of this share give me no concern whatsoever - this is a solid and clear opportunity and I will grasp it with both hands. I am confident that this will now quickly move to £5 plus and I just hope that I can remain resolute and continue to hold until this share achieves its full value. ATB

MP - thank you for your kind words. ACA should have been worth £6 or even £7 by now and although I can’t help thinking Barrick were in many ways complicit in the pain we have all felt over the last couple of years things could have turned out worse. Bear in mind that the increased value, if it is there, will at some point be reported by Barrick and you will get a share of it - my guess is that a deal to sell all or most of assets that are ACA to the Chinese will happen fairly quickly once the ink has dried here. Barrick have become more aggressive and more determined to add value - they have massively reduced their borrowings and in my opinion are the best large scale producer by far who will be able to virtually take their pick of mining companies going forward and as a shareholder you will benefit from the very skills that may have been deployed against us as ACA shareholders. You have a double hedge against a falling £ by holding gold stock in a US $ listed company and whatever happens in the global economy I believe by switching to Barrick you are fulfilling the number 1 rule with investing which is, preserve your capital.

I have really enjoyed the company of all posters on this site and although from time to time some of you may have frustrated me or me you this really has been an excellent board. I will of course look out for your posts elsewhere, in many ways I feel I know you and I trust that although whatever comment you make I may not agree with it will at least be an honest opinion and therefore a valuable addition to any board.

You have to ask, if they think the price is so out of step with their forecasts then why aren’t we seeing a string of TR1’s as they add?