Agreement26 Oct 2017 22:54
Acacia notes that Barrick Gold Corporation (“Barrick”) reported its Q3 results last night and welcomes the further detail provided with respect to the proposed framework agreed between Barrick and the Government of Tanzania (“GoT”). Amongst other details, in the release Barrick state that they expect to be able to present a detailed proposal to Acacia for review during the first half of 2018.
My take: If have understood right this part from the RNS. Barrick will pass more details about Tanzania gov and Barrick agreement to Acacia in 2018. It seems, board and shareholders can’t make decisions any time soon, until next year.
This is not fair to small investors. You don’t know if they would refused the agreement then end up to the court of arbitration.
Me thinks, a lot of small investors would not like these uncertainties hanging over them during the festival. Sp would suffer most.