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Guest post: Sam Bottell - African Barrick Gold – Takeover disappointment, more to come?

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- Tom Winnifrith

I spent two years working along Sam Bottell as he worked with and and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip & perhaps breaking news from him from TradingResearch Point covering an interesting enough gold stock.

Takeover talks do not always end with happiness all round. That is a lesson that shareholders in African Barrick Gold (ABG) have learned to their cost in recent days. On 16th August the company announced that, in effect, it was in takeover talks with China National GoldGroup Corporation. The shares rocketed to 492p. On 8th January the company said that talks were off. The share price is now 355p valuing the company at £1.46 billion. Is it worth hanging on to the shares on a fundamental basis?

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