Member Info for Supercharger

2nd biggest in the World and Kevlin (KD) used to be our Chair and President of Barrick, He knows Acacia well and if as the article suggests they are quitting South African they could be another one to make an offer for Acacia.
See link :-
https://www.mining-technology.com/news/company-news/anglogold-ashanti-south-africa/

Enough said they say Buy, I say strong buy. Barrick say (sell -please, I'd like to grab your cheap shares!!) -you decide who is right?

Acaciatan you are right I see that Endeavor are very experienced mining in West African and what with Acacia in East Africa they could work well together and settle even somewhere in the middle.
You might have something there.

Strange events and poor sentiment re. Barrick, Gold up most if not all miners up apart from Barrick currently down 2.20%? Maybe VV you were right to get out of their shares as the release from Acacia in defiance has not done them any good at all.

VV- Did you buy and Dixons, Hoc, Cey??? I am a happy bunny again.

I bet Mr Bristow feels like his Rhino Horn has been cut off with the increases in Gold and our share price and value.

At these silly prices Dixons could be just swallowed up, did I say 5 or 6% you decide-make my day!!

So 3rd qtr 2011 we sat at £5.72-£6.02 which is about the price Barrick spun us off, and Gold had peaked at USD1889 at this period in time. Lets get back there all being equal and as I said the other day they can have us back at £5.72. Fair do's.

Wow BB and what was the date of the article. i.e Gold is now rising to be at the highest level for 6 years and still rising. The Gold "stock in trade" at the ports must be worth the $300m settlement deal with the GOT on its own. Bloomberg are saying Gold Analysts project Gold is moving to the USD1,600 level. With Sterling falling against the Dollar Gold in GBP is up over 16% for the year alone. What we now need is the Acacia increased 2nd QTR productivity statement expected.
https://www.bloomberg.com/news/articles/2019-06-25/gold-jumps-to-highest-in-almost-6-years-fueled-by-rising-risks

Gold up again as we move towards USD1450, and we move fast towards £2 share. New buyers are clearly now coming in and at these prices even Barrick will struggle to hold us back with their low ball pathetic offer that no one is going to listen to. I would not give them another extension in time if it were me. This is starting to sound like a Brexit. We could all do well here including the GOT if they can reopen with Acacia preliminary talks, afterall I agree Acaciatan we currently do a lot for the local communities and support the Country, all in the annual year end report.
I have a feeling at the back of my mind we could even see Kelvin Divinsky make a return or set up a partnership-why not?

We are very lucky with the extraordinary rise in Gold and as some on here have said without the MB and Barrick interference we would be by now well in the £2.50 to £3.00 recovery area.
I am sure our Management at Acacia have a B plan otherwise they would not have been so aggressive with their defence. Bring it on MB we will not be pushed into submission and be made to look like mugs when suddenly you close off the deal with the GOT. I want my compensation for the Barrick failings in my price now. Otherwise I am happy if we fund a new Partner and at the prices Barrick have suggested this will not be difficult to find one of our Eastern friends. As my old Japanese boss used to tell me "sometimes everything comes to you after a long sleep." Wake up MB -get real.

VV-If events if the Gulf kick off i'd be looking at buying more Premier Oil. I disagree with BB's on CEY as they announced a new mine and they are through the poor vein into decent Gold again, I also have HOC. Dixons as risky but the way they are falling could be snapped up by one of the Supermarkets i.e. In response to Sainsburys or even Amazon. I also own Stobart and bought some more recently as they have really taken a hit (but the Court case with the ex ceo has gone in their favour) so they could come back strong. Especially post Brexit as their own large areas of Warehousing. Or sit on cash and wait for the right opportunity. Aggreko long term look good too. They have won the Japanese Olympics contract!!

By the way Punitive is a bad faith action and this also attract full damages and compound interest. If I were Barrick in my opinion I would get out at the price they offloaded us at which as BB said was £5.72, anything else or less now and I feel like I have been short changed. I.e. Problems created by Barrick, not sorted, in fact it is far worse since they invited themselves to sort the problems out. They have now compromised our position and taken the rug away from us. £5.72 is the price & we will not take action for the loss of dividends in recent years or worry about compound interest.

see link :-
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=29202435&ArticleHeadline=ftse_250_movers:_acacia_sparkles_kier_slips

https://www.mining.com/gold-price-barrels-through-1400/

As the far eastern markets start trading Monday we open up at over Usd1400oz, and looking at my Gold charts in GBP that is a annual increase of over 15%, and can you believe for the last 5 years up now over 41% and you are sitting down aren't you in that for the past 20 years prices are 569% up!!!!.
What was that Pat about settling for a low offer? Even for the last 30 days Gold is up 8.45%, come on Barrick get real, your low ball offer is not one we can take seriously. I now look forward to an official Acacia response.

I was always taught in my career when negotiating always put in a low ball offer first, they will come back and you can settle somewhere in the middle. One can also negotiate for the future with a time value of money. i.e. You get paid today in advance for the value you would have received n the future all being equal. We should not be lowering our rights we will only get a whole lot more buy holding and awaiting for a formal offer which we should respond to. I agree with BB we should ask for the value when Acacia was spun off £5,72 and take an extra premium if it was felt Barrick caused all these problems to begin with. Realistically we will then settle somewhere between. As prices such as these Acacia should be trading at about £6-£7 a share. Look back at the firms history. Anything agreed beginning with a 2 and I will be very unhappy. I was trading these share 6/7 years ago at the priced I have mentioned above, Don't be fooled by bad press, the GOT will come around when they see the colour of money whoever is in charge. Like you Ginger H -I bought these for the long term, the sooner we start outside of Tanzania the better!!!

Hi Franky I agree with you I would prefer to continue in some form, and save Acacia to the LSE. Otherwise another miner is lost. It is as if MB has sour grapes as his Randgold was lost for the LSE, and his greatest rival at the time Acacia is still there.
I did notice the Article re. The Mine In Kenya was dated February and since then at the end of the last qtr (End of May/June) Acacia announced they were getting quotes in to start mining. As soon as they do this will give this share the added injection in price it needs. I have also seen from articles in "The Citizen" that the Govts of Tanzania and Kenya are trying to settle their differences which might actually help Acacia as the Kenyans may wish to send us a life boat?

Franky 1971 - Great article thanks. Franky they may be getting prices for the mines worth when the Gold prices are at 1400oz - wouldn't you, 1.3Million of ounces is worth a lot. I would get quotes which might also bring someone in to help not only with the extra money buy out Barrick, but also to help our political situation in Tanzania???? Also I see the article said it was weighing different options, including bringing in a partner with conventional mining expertise to take the project forward. Nb. Perhaps one of our Chinese friends who we have been talking to? Remember there were three Chinese Companies Acacia was in direct talks with -great Article -thanks.

The other thing I have thought of chaps is with the increased Gold prices Acacia will listen more closely to the start up costs to start extracting Gold in Kenya, as it is economically more worth while. If we remember they were already getting quotes to start at the last QTR announcement..

If we can hold or even go higher I see new investors coming out of their current shares such as the banks and coming in here. i.e..Less interest is less margin for banks, and high Gold is more margin for the producers. If a trade deal is signed between the nations this helps the price of Gold further as commodity prices will rise with demand.
We could well have Barrick have to rethink their takeover offer now, because I feel as soon as Acacia make their own announcement in disagreement with Barricks figures then this thing will go well over £2.