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I have seen early this morning how Bloomberg cover the Barrick Newmont thing and it is getting ugly and aggressive between the Companies and yet I feel in some way this pleasantly encourages me to feel that as the same open pressure is not being applied to Acacia (well so it seems) MB and JT do not feel the Company is a problem doing what they are doing, and they certainly do not look at this as a matter of urgency to them. So I am staying cool, and if the price keeps going down again I might even buy some more, and so will many institutions (they always take a while to move what with red tape and market trader/Analyst meetings, etc.). .

I have noticed today that Acacia have on their website that they are proud to now be a top 250 FTSE Company and if they want to stay there they will need to announce something positive very soon.

I also wrote to them suggesting we will need something positive from them soon. Perhaps those that require the price to rise can do the same.

I am not surprised the price is drifting lower until we get something more concrete announced, however the volumes are very low relative to the price change. Day traders are moving on for a quick buck somewhere else but will come back when/if we get something more concrete. Also in addition a quick check on short tacker shows MW have now increased their short to 0.61% (28th Feb, from 0.51% (21st Feb) and this was a day after they had reduced to 0.49% in 20th when Barrick announced and agreement with the G.O.T) so when they bought back in on 20th the share price when up sufficiently for them to sell off again to increased their short the day after. They only did this because they realised that Acacia Management still have to agree the deal. If they are now at 0.61% they will have to buy back a lot more than they did before and the price will rise significantly when they do. So in my mind the current price is false, and MW are relying on acting fast to reverse their position. I will be patient as I have been here for some time now. We can see that Acacia will have to act sooner rather than later and the fact they have applied for their options shows to me good news is coming after all why else would they have applied for them now?.

Reports are that a trade deal is imminent with China and the US which will help commodity prices. (Gold) I feel therefore we are at slack water.
The discussions between Barrick and Acacia will be happening behind closed doors. I did see that last year we had an annual report issued by Acacia in March which could be a good time to announce any good news for investors?
I can see whereas looking at share price figs for 3 yrs Aca are down 4.52%, for the Year we are up 59% and for the Month 11% whereas the FTSE100 is only up 2%. So we are in a very good starting position.

Nice one, just to shore things up and hopefully we should be getting some interesting news soon!

I saw just now the Dollar has also turned to the positive and this will help our future profits to when converted back in sterling.

www.bloomberg.com/news/articles/2019-02-28/asian-stocks-set-for-mixed-start-dollar-climbs-markets-wrap?srnd=premium-europe

Remember on 21st MW increased their short from under 0.50% to 0.52% and so they will need to buy back in on the change of news. Therefore the price is false and not a true reflection. Last time they bought back in the price returned to the level before they bought. As far as I know no-one else is selling.

I agree the drip down is just on sentiment for Gold nothing else. I see no worries here at the moment something is obviously going on. What MB says normally happens. JT also said previously the Chinese will come in here so we are in demand. We also still make money. Soon I can also see the exploration in the other Countries bearing some fruit.

BB I don't think you are far out I worked out we are about 49% of the actual price they could be offering and so I agree we could double hereon. If we go over 50% that does seem to be a number that we have already heard today from the Company when referring to the options available to senior staff - funny that!!! A significantly important number so it seems.

BB for some time I was in the Lloyd's final salary scheme which even the mighty Prudential said they could not better. When I left the scheme as we moved over to a money purchase job about 20 years ago St.James Place came in to advise as I chose to invest my own funds rather than what everyone else did. I chose to invest 90% abroad either in the far east or in the states most of which were all USD earning (St.James place said they could not vote against my choices) many earn't far more than me (and they are still working) my pension grew 20% year on year every year for 20 years -happy days. I left early when I had had enough (and found it is surprising how little you can survive on when not buying suits, train tickets, beers, etc. I am not someone who needs material things and now have time to help others locally. I was unfortunate, or fortunate (depends which was you look at it) in that everyone wanted my job as they felt they could do it better than me, and so in the end I left it to them!! Ha, HA. I did not like certain aspects of the job such as the commuting and the Politics. I do not miss London at all.

Excuse the pun, but I am sure "The Team" can find another Golden Egg to move on to, however at the moment whilst my pensions are abroad i try and concentrate either on the FTSE, or the all share index which rules me out of Barrick/Randgold, etc.
I agree if we come to a sale I will miss this board as we have helped each other along the winding road.

BB's just thinking you know the benefits better than me for declaring the option take up this tax year? Not long to go until year end. So I dare say we should get something this tax year afterall why release the statement now? Is there a time period for after the declaration of the options for the tax over or offer price to come in. Do the FCA act fast if they need to approve first? Interesting, interesting. I remember we could not buy shares in our firm 30 days either side of the results of our results for instance, not sure of the rules on options, but the timing does seem perfect?

Shares to B - Barrick we know are the largest shareholder followed by Blackrock, the M&G when part of the Prudential had some too but they appear to have sold off some, if not all of theirs however, but if they buy more at a lower price they are in effect, as we do sometimes lowering their average price paid. I see this happening but perhaps not straight away but perhaps over the next few days or so, as sometimes the investment strategy meetings can take some time to get running due to personnel movements and private investors can be quicker to act.

I was wondering why the discussions had not moved on earnestly to the conclusion and why Acacia were not releasing anything to build up shareholders hopes for a sudden conclusion and here we have it the options needed to be approved to be granted and released. As you have said BB and Eli this is what have been expecting just before any deal. As you also both say this is Underwriting a conclusion as the timing of the granting of options has been meticulous. We will now do very well out of this (as will the senior management) and you say BB's) I am most surprised the share price has not rocketed today. The institutions will be considering buying in now surely (if there is any spare shares out there that is). I suppose Barrick will already have approved this proposal as the largest shareholder and therefore I agree this is a very fine redundancy or severance reward. .

P- Regret most of the Western World works on the basis of money, and some win and some lose. It is a shame that we live in a dog eat dog World. An old friend of mine once said its a lovely World out there it is just the people in it. Unfortunately I do not think unfortunately the share market is the only one to blame. I see Footballers earning far too much, and many others earning far too little. I am sure in the housing development market brown envelopes still exchange hands, etc, etc. Never mind as long as I can make enough to live on I am happy. I am not a greedy man. My dog is though!

Yes chaps I see MW have come back to 0.52%, and they will need to buy back in later and so the true price of this share is more than likely therefore in a true world unchanged. No panic here (except if I was a shorter) I too have bought some more - and not sold one share.

Something is going on here behind the scenes, Acacia is not saying anything. However we know something is coming but we just do not know when? The news is good whatever way we look at it.
Whilst we all can see what has been released by Barrick we have a delay here and I am not sure why? I suppose a lot of very big decisions need to be made and lawyers and Political risk Insurers are being consulted? Acacia also need to consider if enough is here to drop their Legal claim and if the staff are safe. Perhaps we might also have an alternative proposal from another source as well? Who knows? In the meantime this Company makes money, relations appear to be improving in Tanzania and the Gold price in Sterling is up almost 5% on the year - all good news. I see for myself absolutely no panic. Look at it like this we are still well over £2 a share and past my last target. Even the Fed chaiman says we need to be patient and if he does not raise rates which I cannot see in the short term , we should see Gold moving up even further, Happy days for 2019!

I presume you have all seen this? Words such as "near future" I wonder when that is? Interestingly the language of the forward looking statements brings back to me memories of my Insurance days at Lloyd's, I wonder if that could possibly the reason for the pause to consult with ones lawyers/adjusters or/and Insurers? Only a thought
www.barrick.com/English/news/news-details/2019/Barrick-and-Tanzanian-Government-Progress-Discussions-in-Settlement-of-Acacia-Disputes/default.aspx.

Agree no worries here, we just need to be patient.

Longer term this is one incredible investment, after all the firm still makes money. It is not as if we are losing money.

If I get any news I will let you know. I have a feeling we may need to wait a few days however what with Barrick being so busy. When it comes it will catch out many who sold I am sure.

I did write to my contact and they have not yet come back, I did ask for further detail of any meeting between Barrick and the Acacia board, and also what the situation was in Tanzania as politically it would appear as it the climate has improved. I am yet to get a reply which is unusual and so I can only say something important must be going on already.

I suggest we will hear something very soon.

Dimi I agree but I had a quick look and Newmont have a lot of debt, but the Barrick offer could be a side show? Maybe a deflection technique. Newmont appear to have resisted takeover for parts of their business successfully previously from Anglo and others, who have wanted to them break them up and segregate the Oil business I suppose.
I am not taken in by it. However the fact we have not heard more from the Acacia press office on the back of the brighter future in Tanzania gives me reason to believe they are considering something serious.

Per Bloomberg TV. I wonder where they have got the money from?

Aca sale proceeds?