Member Info for FrankyS1971

re: best take a look at Palladium prices Dimi as it'll give you an idea as to where metal prices can go in the short term. I called 1700 by year end and that's only what...20% ish more. That's really not much over 6 months provided of course the move to redress portfolios with Gold in the mix continues.

Yope Tigger-) you d think that would be the case but I think their narrative is still surpressing interest from new money. Surely this is pushing fair value from broker projections toward 2.50??

Because a) barrick are adamant the offer price won t move and b) they have said that if a final offer comes it may be at a bigger discount.

The tick sign of what was to come with the GP, was that every time in recent weeks there has been a rally on the Stock Market, GP was steadyish or marginally down. Now we have the DOW still near record highs and GP working from a much higher base. Trump will keep the show on the road into 2020 for his re-election but the imbalances in global economy will be massive by then, Next Crash on the way eventually and will see Gold over 2000 one day. Patience chaps, patience!:-)). Grab them Bitcoins too cos by this time next year Rodney....:-)!

No one can prove anything but you only need to look at the timing of announcements and this starts to look well orchestrated. Barrick suggests a bigger discount should the risk go up (and they doubtless will claim that it will) but the risk is immediately removed on agreement with Acacia, which is appalling that Barrick have us over a barrel, save for the arbitration process, which they want to scare us off from pursuing as does the GOT. This MUST go to the courts and maybe then Barrick will start to get sensible. They stand to lose everything in MB's words. Obviously he's not so concerned though or he'd stop being a dick, so i doubt the risk level is where he claims. GOT need the cash badly and could well do with the 300M I'm sure. We need to wait this out as there is F all the GOT or Barrick can do apart from posturing and scaremongering.

No one can prove anything but you only need to look at the timing of announcements and this starts to look well orchestrated. Barrick suggests a bigger discount should the risk go up (and they doubtless will claim that it will) but the risk is immediately removed on agreement with Acacia, which is appalling that Barrick have us over a barrel, save for the arbitration process, which they want to scare us off from pursuing as does the GOT. This MUST go to the courts and maybe then Barrick will start to get sensible. They stand to lose everything in MB's words. Obviously he's not so concerned though or he'd stop being a dick, so i doubt the risk level is where he claims.

All good and well but Barrick and GOT are on same side and colluding on this one I suspect.

I have followed this stock for a long time and never bought on the sole basis that the product is "open source" which means the underlying software has IP that can be easily copied. I really expect Google or another big player to come along with a superior product and leave these guys nowhere. I might be wrong and this would still take a while to happen, so lots can happen, but in all, I think they are vulnerable to new players with deeper pockets.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.theguardian.com/environment/2019/jun/18/murder-rape-claims-of-contamination-tanzanian-goldmine&ved=2ahUKEwjylo_f__TiAhVGUcAKHWW7AQwQxfQBMAF6BAgKEAg&usg=AOvVaw0eFky7RUqgStzGgZfN1Rgp

Now up to 1.95%. Hope they keep adding! This may be a hostile takeover in the end which would be good news. Barrick are having a laugh!!

Well...all the brokers are circa 2.15p ish....and Peel Hunt talk like that's somehow an acceptable deal?!?!...not great personally ifnthats the sort of number being banded around!

Well after today, it will be another 6 months of hanging about as Barrick aren't allowed to put another offer in under the rules...maybe they will put something together at the last minute even though it will be rejected, it would allow them to continue talking to the shareholders. OR it means that Barrick can say to the GOT, "oh dear, well actually guys...its on you now as we can't offer even if we wanted...so good luck with arbitration unless you fancy being sensible"....best bit is that Magafuli is going to crack eventually:-)))!

I think £2.00 is a wildly pessimistic view. That's far below Barrick s own valuation and they wont get a discounted offer through. Think Bigger but also ponger timeframe I d suggest.

I always believed that there would be no formal offer, as the low ball number touted was only ever going to be rejected, so the question has always been why make the noise in the first place? to me, its a great play, as the Tanz GOT are saying its on Barrick to fix but Barrick are putting the onus on GOT whilst keeping them as on side as you can. Barrick have said, this is all we will offer, as GOT and framework and environment is too risky. Therefore ALL assets in Tanz are at risk and that's effectively drawing a negative toward the GOT and to Tanz as an investment proposition. If Barrick made a fair offer, then they would be endorsing the GOT's behaviour which is why arbitration is a racing cert!! This move is backing the GOT into a corner, which has always been something they wanted to avoid by trying to force ACA through their own court. This is the real reason why ACA are blocked from a future, because they stood up to Magafuli and forced them through international arbitration. I think as arbitration unfolds Barrick will up their offer substantially as the GOT will never back down and possibly threaten seizure of the mines, which Barrick already anticipate by suggesting "we could lose everything". The longer the empasse, the more GOT will lay on human and environmental rights infringements, so I reckon Barrick will blink first. I might be pleasantly surprised, but this will take a while to sort still. Lets hope the Gold price keeps on the up at least!!

Hi BB, yes, I thought Fidelity suggesting it was 50% too low was unhelpful as at that time they were intimating 2.10 or so would be adequate. I smelt a rat with that! They are after all Barrick's 2nd largest shareholder so have somewhat split loyalty perhaps? With respect to the recent dip, this happened on Monday when the SP was suddenly at 1.65 ish after a few of those 8.3 forms materialised...today it looks as though there a few more with ODEY the only buyer and others selling...Dimi...there won't be a formal offer. I stake my nuts on that!! Barrick will let this go to arbitration as the SP will come off again and they will keep pushing for a cheap deal. I hate the thought of it dragging on but thats my gut.

The ACA share price is tracking both the gold price and Barrick SP, so 1.47 in new money is now 1.75 (if we round gold up to 1360 and the ACA price to 1.77, then 80 cents sees a 30p rise in SP. We need to see 1440 for 2.07p or 1520 for 2.37, or 1600 for 2.67 or 1680 for 2.97. I hope the analysts are right as $1700 on current trajectory is my B/E!!:-)))

I didn't think there would be some hallelujah moment. Unfortunately its difficult to sync up AGM s or quarterly updates with the bigger stuff going on..there ll be something significant that happens just before the arbitration date.

Yes BB Holding hard and hope I get my cash back on this
.would be good if Odey buys enough stock to block a hostile bid. As he pot builds Barrick may want to get a decent offer in before he reaches the 3.6% threshold(around that) or it will get more expensive to take us shareholders out. Still lots of moving parts here.

Well you mention an 'improved offer'but there hasn't been one to improve on VV! If it goes to arbitration there will be years of this so don t believe it ll be a hearing in July and verdict at the end of the year. There will be red tape, delays, appeals and all sorts. I would wait it out if I were Barrick as either the GOT will compromise so problem solved but that won t happen unless they are voted out in 2020 or ACA wilt under GoT and Barrick pressure and take a low offer. Either way it would pay Barrick to be patient and choose their moment. I m not expecting anything just yet but again..ind like to be wrong.

I see Odey has increased their holding, by another £2m aka approx 1.3m shares: Hopefully that means something as he is putting his money where his mouth is! They are activist shareholders and will sock it to Barrick hopefully. I do notice other outfits have seemingly reduced their stakes today however, so all in all not sure what this week will bring? If there is no official offer, then the SP could be marching back down with the expectation of arbitration and another long drawn out chapter. Feels a very hard call to make in terms of stick or twist.