I've still got the horn for gold (despite bogging up my Acacia Mining call)
I know I look a bit stupid for writing on these pages in early June that you should not have a punt on Acacia Mining (ACA) after its majority owner Barrick Gold (GOLD in the US) made an initial low ball for the rest of the shares. The subsequent 30% share price rise between then and now would have made for a decent contribution to the summer holiday spending fund, even for a relatively modest four figure investment. Acacia announced earlier today that all is sweetness and light with Barrick as the latter bumped up its offer by around 10%, made various special dividend promises regarding some exploration promises and because of the latter's share price rise...the base share-for-share offer was worth more in any case…


