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Fall more down to sterling strength against the dollar if you ask me. Also the fact the Fed is still expected to give a small increase in rates, despite Mr T objecting as well as one or two Fed members. If the Fed does not raise it will help Gold.
I do not feel the RNS from Acacia has had much effect and in my opinion helps explain their Corporate position is one of protection, rather than defence.

Pat, I think you may have missed my point. If Acacia have suffered a loss this does not mean it was them who caused it. Infact most covers will cover them for actions of someone else. This is what their release said. However, Acacia has been in contact with the SFO about the allegations of corrupt activities in Tanzania which are the subject of proceedings in Tanzania
They may have coverage in place for this if a loss is suffered which may well bolster the balance sheet, but Insurers will insist that they notify the Police in the same way as a Householder would be expected to do so if they had a break in. I therefore feel you do not understand the various types of cover that they will have. Shareholders could well benefit if they do have an Insurance loss, especially if it has affected the value of the Company and or a loss of stock. However it could also be that an individual will be arrested too, and or could become accountable, or was over stating. They do not have to be employed by Acacia but the SFO might have limited powers in a foreign Country unless the person/ parties concerned were conducting activities or committing the offence in the Uk? I am sure we will hear more about this in the future.

The report to the Police will be by Acacia and they will need a case number to submit a claim to Insurers. Thats all. What it means if the SFO is involved is the sums are quite substantial. This means that the Company could have been under performing due to theft and therefore the profits and balance sheet could have been a lot higher. I again feel this could be a good thing for us as things will be legally investigated and determined through a legal process . As they want to be put back in the same position as they were immediately before the loss. This shows to me the end game and the GOT may lift export bans, etc if no fault of Acacia but in fact it turns out to have been a dishonest employee. Could be very good news. Perhaps the employees arrested in Tanzania were guilty as the GOT has said and if Aca not found at fault they will be Corporately off the hook. .

Could be good news for us in that if there has been any illegal activities affecting the Group and the loss of earnings then they may have an Insurance claim?

For your info. just out from the Company.
(“Acacia” or the “Company”)

Correction to media speculation

Acacia today notes the media speculation claiming an SFO investigation into the Company. Acacia is not aware that the SFO is investigating the Company. However, Acacia has been in contact with the SFO about the allegations of corrupt activities in Tanzania which are the subject of proceedings in Tanzania

Here hopin to be honest no chance of me selling, when you look at the price having risen 100% in what three months? I'd rather sell my oil shares when they rise significantly tomorrow on the Opec cuts to the US Refiners.
However they may have some way to go yet too.
I did sell some Barclays at a profit a couple of weeks ago, just to pay a few bills and to get us into the new year safely. In fact I have allowed for at least three months bills should we have a crises? I do still hold some more however.

I'm not quite ready to steam in for some more as I am just being extra cautious as I have so many already. When I do go back I will be pushing the Acacia Management for positive answers.
At the moment the timing may not be (just quite right) now for me to do so.

Have I missed something today?? Wow we may even make my £2.10 target for year end yet, in fact I will go further and suggest if the deal is done we should expect a speedy take off tomorrow and perhaps we should set our year end target at £3.10 or more, once the shorters come back in to purchase and settle their loans.

Hi Mark, thanks for your message. Acacia is the share I give most hope to but apart from Acacia my other interests extend into many shares spread over the ftse350, but my investment into oils is Premier Oil who hold North Sea Oil blocks and Tullow Oil (Not Tallow as you suggest) who are a Oil operator throughout the World including indonesia and with interests in the Southern Oceans (possible Falklands) with Grasshopper to give a clue. I also have Lamprell and Cairn Energy to be honest as well. .

Like you Chaps I have held all of my Acacia shares in expectation, today me thinks profit takers and/or dealers are trying to keep the price below £2 but I do still feel they cannot hold this down for ever. .

For my other shares last Thursday I sold some of my Marstons and exchanged for Tullow and Premier Oil after the Opec cuts, they dived back down last Friday but came back today, but I hope when the Opec cuts come in January they will be going up some more. I think all shares appear to be volatile at the moment. I would still avoid the builders because if Sterling continues to fall what with TM possible being forced into retirement then the BOE might have to raise rates in support of £. and the House builders will suffer more than most.

Good point Franky -but maybe too early to work out an accurate price. Goodwill of course is the part of the take over offer that we will be hoping provides us with reward.

BB-Have you got your accountants hat on today.

I can see we must now be part of a FTSE250 or Gold tracker as the Gold price became static half an hour ago, and the share price stopped rising but Gold has now just resumed its upward march again and so we should hopefully respond upwards again in share price very soon. The gold price chart I use shows Gold only up 1.44% on the five year but 281% for the past 16 years. However the Gold price has risen 3.53% alone in the past 30 days. (If it helps a forward projecting chart).

Gold now moving up faster and it is as expected pulling up Acacia on the increased value giving Acacia and its Gold nugget reserves in the Ground and the stock in trade where large quantities of the dust are being held at the ports a real boost.
If this can continue which it will do as long as we have uncertainty then we will be at £2.00, or even past it towards my next target of £2.10 set only a week or so previously. Thank God for Brexit.

Well as we said before all the uncertainty has meant sterling falling and dollar earning shares particularly the precious metal miners rising in value. We broke through the £1.90 barrier tonight that everyone was hoping for and lets now hope we can continue to march towards £2.00, I was hoping for £210 before the new year and before we hear from Barrick and Randgold regarding their anticipated share offer for our shares.

Dimi-Certainly agree with what you say in that much more uncertainty in the markets and volatility and hopefully the return to form for the precious metals, which to be honest have been relatively forgotten for the past couple of years.
The US Market seen by fund Managers as the faster growing economy 20 years ago recently returned to form coming out of recession before Europe and markets rose with low volatility.
However Stock brokers make more money in times of vol. and it is not surprising they are encouraging this theme, whilst fund managers have been buying on the dips. I am hoping we can get through a difficult few days and then we have the new year and the Barrick/randgold merger to look forward to where the future for the Acacia share price looks a lot brighter. Once events start to take place they will happen lightening fast and anyone having recently sold their shares will probably wish they had kept them as they will find it difficult to get back in here. I am glad I kept all of my four allocations that I bought when the share price made its way down.

Thanks Dimi - yes safer hereon to be honest

Tonight I here Trump has now fired General Kelly his Chief of staff - Also the Chinese want their phone executive released (being held in Canada on the US request to stand trial for fraud in the States) and the Chinese have issued a statement of severe consequences should this not happen?

Both should help Gold in a very uncertain World that we live.

Can see Dow was down in afternoon trading and Gold prices continue to rise.

Interestingly and not unexpected ABX -Our largest shareholder has seen its shares grow significantly over the past five days.
If the Fed decides not to raise rates for December in the end to encourage the US Economy we could see the Gold price rise even more.

Stock agree with you as the Gold price actually continues to rise!!!

Gold price now spiking up fast on poor Us jobs numbers and Fed less likely to hike rates next year. Good choice to be in here.

Like you Dimi I see this now up to over £2 a share.

German growth down on expectation and a change of Leadership in the offing, French president now also having political problems, Italy wanting to control its own budget, US and China tensions,Canada involved now too, and that is without even considering Brexit all point to support for Gold.

Dimi agree almost all other shares are down significantly BUT Acacia holds out hardly moving which shows no-one wants to sell and miss the potential upside here.

I see the Japanese and far Eastern markets going for the precious metals overnight which might help us here.

For me Centamin and Hochschild also have held up but my Financials and Oil producers have taken a big hit.

I am currently out of Kaz and they took a big hit possible due to the breaking down of US and ChIna relations.