Member Info for FrankyS1971

Hi BB..this feels like the start of a massive bull run in gold. Shame the ride isn't with ACA..we d be at £5+. Let's hope the GP consolidates at the new level for a few weeks and then kicks on. 1650$ by year end.

Always loads of ideas out there! What about Capital drilling. Logic suggests that more investment will now go in to extending existing mines and finding new ones etc..keep em coming :-)!

Sounds like fun hasiba..Super..I'm not into anything else but ACA still as I see a few % extra as a minimum on the way. Also planning ahead and think the UK could be a good place in a few months. looking at the auto sector which is cyclical and weak currently. Vertu Motors is interesting mid-cap that has quietly plugged away buying dealerships. Other one is Horizon Discovery in the Pharma/Science sector..again..long-term looks well managed and will have its day..not ready to do anything yet as I see Barrick giving plenty of uplift and as I said the other day, they are only at the start of their recovery.

Was being ironic Hasiba!:-) They'll be forced down further without shred of doubt. Am trying to find a couple of new punts but its actually super tough. Looking at UK firms that are ripe for buying as they are cheap for overseas investors. Will hold ACA in absence of better ideas, given there is another 7-8% to enjoy here.

Sell immediately and buy Metro;-)

If we account for the higher gold price, the future EV/EBITDA ratio for Barrick has increased to just 6.3 compared to 5.7 last month, even though the stock has risen 25%.Barrick's stock price is only at the beginning stages of its recovery!

Hi Super - I don't overly mind the 1400 level being tested and it may need to drop back to 1350 for support between now and the end of the year...longer term though, this is the only play in town in my opinion. My view is that yes, there is a massive bubble in assets being stoked up, but investors may enjoy some major gains seeing that inflate yet further, so I understand the temptation of not missing the boat. For me, though, there's no point making 20% to then lose it and another 50-70% purely based on timing that I have no control over!! I'd rather play it long and am researching junior miners to get some good bets down, beyond Barrick shares. Trump will keep the economy going for his re-election, but the level of debt is now unfathomably higher than the last crash 10 years ago. Soveriegn Debt is out of this world and for Europe there's no way out of it. This may of course take another 2-3 years+ to finally come home to roost and I've learned in life that it can take a lot longer than you can possible envisage for the obvious to finally manifest and also, that things can get so much worse than you ever imagined. Herd mentality when these problems finally emerge will send Gold up higher than you can possibly believe right now!! Best lay some good placed bets and then wait. Then wait some more. Then wait. That's how to do it, not trade in and out or catch falling knives etc.

Pound v dollar is off 4% since deal so worth hanging about for sure! Let's hope for dovish comments from fed and 0.5% cut. We ll be 1480 in a blink!-)

Each to their own but fairly clear that they will not meet the next stress test so will need to raise capital via rights issue very possibly to satisfy regulator that they can survive a financial downturn. Good luck to you BB..hope there is a nice bounce before any of that comes home to roost.(if indeed that comes to pass).

No judging or personal attacks here on any ones stock tips pistachio..just giving my twopence worth!!-)). I guarantee I ve wasted more money on thin air than others here so not my place to grandstand.

re Metro: This Bank is in terrible trouble. And if you doubt that then go look at Odey's short position on it for a starter!!! The problem is when you have a bank selling its mortgage loan book to try and stop the fires burning, you can bet yours a%* that they will have a loan book of poor quality debt sat right behind it. The inflow of capital from new customers is going to get choked off and now the whole model will unravel. At best they'll need recapitalising or will be bought for a whole lot less than where their current SP is. Bearing in mind we're still in a bull run, where the hell will these guys be when the tide goes out!!!! SELL

Agree with you..my concern is that as soon as they do well the GOT will come along and start eroding profits to keep them in check!

if you can stomach Tanz, I'd say Shanta is a decent shout Super. Not for feint hearted given what we know about the GOT, but done nicely with a small side-bet from earlier in the year and can see them on the up as Mgt team seem pretty Savvy.

I wonder if North Mara has now been shut down effectively? Also...I wonder if the ban will be lifted before the paperwork is finalised, as that would open the door to other bidders..I would think Barrick would hold this back to prevent counter offers?

My maths is that I m pretty sure of a worst case 6-7% return by leaving it in...any investor would be delighted to get that over 12 months not 3 months.

It ll be interesting to see where the GP goes..on a Fed announcement GP may actually slide a bit for a while..fed cut priced in and can often be buy the rumour sell the news type fayre...don t think any GP selling will last regardless and certainly by Q4 can see another 100 on price.

Hi Super...agree. One shouldn't discount a counter bid either. I ll be holding as Barrick has strong upside potential and sterling has good chance of weakening further. Like all good movies there s going to be a surprise right at the very end perhaps.

Wow I also got accused of being a shorter but your egotistical grandstanding suggests one angry human lol. Learn some grace.

Other way round I meant..so Brexit is officially good -)

I don t think calling people stupid is too great. Your guess was as good as anyone else Super. None of knew the outcome for certainty. Anyone who didn't buy at 90p is stupid??