Member Info for Pat2014

VV ... just been out running to clear my head ... VV I’m with you 0.153 it is .... This is a warning shot across the bow.... ACA now have a choice .. Agree or Arbitration... If Arbitration comes then you can guarantee that the export license will be withdrawn... The only upside is another 15% increase if gold and Barrick SP stay the same ... I actually think Barrick SP will rise as they will have bagged a bargain... As the saying goes .. if it looks like a Rat Smells like a Rat and squeaks like a Rat .. it’s probably a Rat

They don’t at the current offer .. they agree that the buy out is best option but at a fair price ... once that is established I’m sure the ACA board will be telling us what the risks are if we don’t accept it

Barrick want a deal ... They can see the value in this ..They have also manipulated And negotiated a deal with GoT they just want to get it on the cheap ... This meeting next week to speak about the SRK review is nonsense .. They can talk about this via conference call. My view is that the meeting will be to get the ACA directors on board . They will no doubt offer jobs and sweeteners for all of them so this does not become an hostile takeover and then the 90% threshold of share holders kicks in . I think it’s only 75% if it’s not hostile .Its if they crack and what price they are prepared to get on board with Barrick is ...Lets hope they look after the PI ....

For me Barrick have been nothing short of crass and clumsy with their takeover bid .... They take over negotiations which they either botch up or stitch up ACA ... My belief is that they have concocted this GOT wont speak with ACA after greasing the palms of the right people in the GOT ..Then MB has been shouting from the roof tops like a clumsy drunken cowboy in a 2 bit saloon about the dangers of not doing the deal ... He even spoke to VV no offence VV but how unprofessional is that ... Then when ACA provide a detail RNS to shareholders the first thing Barrick did was to react like Donald Trump even after the first extension Barrick issued a strongly worded RNS basically saying we are Not budging. ACA have been magnificent in comparison.They have provided strong evidence on the life of the mine on the quality of the gold on the production of the gold and on the valuation of all the assets even valuing them when gold was at 1300oz. They have used standard industry techniques and the best independent advisors. MB to me is a Donald Trump.. he shouts about what he wants then tries to bully them into submission. That may work in Africa but not with fund managers like Odey. Like the rest on here I won’t be selling .. I’m in a small profit now and even around the 270 mark that will be a substantial win for me but like most I hope for more ..Let’s see what next week brings

I get the impression Barrick want to complete the deal hence the request for the extension.It comes down to price now and how much they are prepared to pay . ACA have provided them with a range 271~281 I believe the next offer will be below this as it’s how simple bartering goes ... I’m not sure the likes of Odey eat al will be amused with this ... They are meeting next week I should imagine when they are all around the table a price will be agreed ... it’s wait and see now ... Barrick will have to up their offer they know now 0.153 is not happening.. again it’s what they want to offer and all the rhetoric from them says not much right now

Sorry I should have put this all in one post but in my humble opinion now I think Barrick will up their offer and will do it before the 19th ... price will definitely go up tomorrow.. although there is no one over the 0.5% on short tracker there will be some holding less and they will need to close now

At Barrick Gold current price 16.06 as I type if they offered .21 per share that would bring the price to around 275 ... Not much of an increase or pride to swallow really ...

Tiger ...my stepson is an MP he has had a few run ins with Boris and that is one thing he always says about Boris ... He is thick .....

Not sure any offer is coming .. If they were going to make one I think it would have been done by now ... Maybe they will leave it for ACA management to RNS in morning saying no formal offer was made and what the next steps will be

I’m not sure which way this will go but if I had to stick my neck out I would say that Barrick will make an increased offer .... There have been no leaks here only MB sticking to his too much risk rhetoric however recent articles posted on here all indicate that it really is a low ball offer and the institutions mostly indicating this .Some now making noise that MB will want to get a deal done has his ego and reputation rely on this .Lets hope the late rise is an indication however if something was known then I think it would have gone higher than 178. At current price the original offer is around 194 now ... I’m going for an increase to 0.2 from the original 0.153 offer . But MB and the Barrick board must have been in conversation with Odey and the likes and they would have informed them of a fair price ... let’s hope MB ego is not too big to see the positives

Bruce .. I think you will find that you can’t just switch a nuclear submarine base at the drop of a hat ... The infrastructure at Faslane as been in place for years ... Portsmouth or Devonport will not have that in place and would take millions of £££ and years to put in place ..... Still you will get better odds on Boris being the shortest term ever PM than Faslane moving to Pompey

Sounds like Barrick overstretched themselves when they purchased Rangold even though there was no premium... Now having to sell assets to pay for it .... In Franky pessimistic style this doesn’t bode well for an increased offer for ACA ... If they are still raising money for the Rangold deal I can’t see them wanting to push the boat out to get ACA at a fair price ... just my thoughts

Latest RNS sounds positive.... interesting to see where this goes .... not sure it can break out or fall until Barrick make a decision... Still it looks like they are producing more Gold and possibly a few Diamonds now ..... Pistachio London started moving out in the 60’s when all the white people moved to Dagenham... Tower Hamlets should be renamed Toilet Hamlets if you have any sense and have property in London I would keep it as long as you can into your working life . Sell it at a massive profit and move somewhere out of the South East ... You will have a far better standard of living ... I have a 4 bed detached house which backs onto woodland probably only go for 235k but it’s in a nice location... if you don’t own property you need to be on at least 100k a year in London to have some standard of living ... Rent for anything remotely livable is probably 2.5k a month now in London

1428 as I type ..... climbing up,to the year high again

Flying out to Bilbao today and on to San Sebastián for a little food and wine trip ... booked into the Mugaritz and Asador extebarri restaurants which are in the region which today have both been voted in the top 10 restaurants in the world no doubt those prices will rise again so I’m hoping that 88e SP will rise in line and make the food and wine taste even more special

I think that even a stubborn MB could see even a small rise in the offer will greatly raise the price ... at .2 now it would be around 258 and .25 would be around 315.. I know some people are more optimistic but if MB was prepared to have a conversation with VV then I’m sure he is likely to have that conversation with idea and other fund managers.. I’m sure he will get a figure from them which they will vote for ... I personally think that Barrick will make an offer as this will keep them in the game to raise it if needs be .... if they don’t make an offer it’s 6 months and into arbitration.. I get the impression Barrick will not want that

Also for the record AJ .. I’d ont mind us leaving Europe as long as we don’t crash out

AJ ...I suppose you will be voting for the party that selects its MEP’s with the same ethics and values as the Alabama senate ... Yes Anne Widdicombe is the answer to al Europe’s faults

You like your betting .... what are the odds on Boris having the shortest Prime Minister term in history ..... I think I will be putting £100 on it .... Jezza will put vote of no confidence in on day one and we will be getting a date for a General Election a few weeks later ... Because TM will have put the boot in along with Spread sheet Phil .... Tricky get your pencil sharpened to tick that Brexit party box ... Me it’s Greens or Liberals ... can’t vote Labour any more

Ginger ... however if i part owned your Mercedes and been dealing with a third party to solve an issue with your Mercedes and then so an opportunity to take your Mercedes on the cheap would you have a different opinion of that businessman