Acacia Mining Share Discussion Threads

[lordluciandeville] 03/10/2005 17:11

This one is looking good - LOL-ish

[fairfax ache] 22/9/2005 15:03

By now, I recon this stock must be safer than 99% of all other UK stocks :-)

JRSIZE - 28 Jun'03 - 17:06

Between the ACA AIM Suspension on April 8 03 & June 27 03 the share has gone from being safer to invest in then 7% of UK stocks to being safer to invest in then 37% of UK stocks.

I know some people do not take a blind notice of the Riskmetrics Riskgrade numbers which ACA's is now at 194 for July 27 2003, but FORBES does.

John Size
PS I personally find it significant how high the investment percentage for ACA has climbed since the ACA AIM suspension etc. Being classified as being safer then 37% of all UK stocks to invest in is not bad going for ACA considering what has happened in recent months.

[shirishg] 20/9/2005 17:25

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[steveib] 19/9/2005 09:02

i have not even been sent the paperwork from aca wonder why ....lol

[steveib] 19/9/2005 09:01

brad still waiting to hear bad from the london mate.

[shirishg] 19/9/2005 00:14

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[steveib] 17/9/2005 17:11

post removed by request

[archer1415] 17/9/2005 13:17

Monday, 12 September 2005
Ukraine: A Conflict Over Gas And Power
By Roman Kupchinsky

Petro Poroshenko following Oleksandr Zinchenko's resignation, where the president's chief of staff accused him of corruption
(epa)
The long-simmering conflict between former Prime Minister Yuliya Tymoshenko and the National Defense and Security Council Secretary Petro Poroshenko, which most Ukrainian analysts believe led to the dismissal of her government on 8 September, had already grown intense by early this summer.

In mid-summer, Poroshenko made a number of statements demanding a far-ranging reform of the Ukrainian Security Service (SBU), then headed by Oleksandr Turchynov, a Tymoshenko loyalist and widely regarded in the media as a scrupulously honest broker.

This surprised many people, for it was the first time that Poroshenko had expressed this view and it came after a decision to reform the SBU had already been adopted by President Viktor Yushchenko and Turchynov anyway. Why did Poroshenko suddenly become so adamant about reforming the SBU at that time?

Allegations Of Corruption In Gas Sector

On 18 June Turchynov announced that a number of criminal investigations dealing with corruption in the gas industry had been launched, Interfax reported. Turchynov and Tymoshenko both made strong statements condemning the previous government's use of a middleman, Eural Trans Gas, and its replacement, RosUkrEnergo, to act as the transit operator for Turkmen gas to Ukraine. According to Tymoshenko, the use of these companies had cost Ukraine "more than $1 billion" (see "Ukraine: Criminal Cases Filed Over Gas Schemes")

In her televised appearance on 9 September, Tymoshenko said that she had gone to see Yushchenko about the allegedly crooked schemes in the gas sector, and his response was to forbid her from dealing with the energy sector.

Turchynov, according to Interfax on 18 June, placed responsibility for the Eural Trans Gas deal on former President Leonid Kuchma; Yuriy Boyko, the then head of Naftohaz Ukrayiny, the state energy monopoly; and on "the highest state officials in Ukraine and Russia."

After Turchynov's announcement, the Russian gas monopoly Gazprom announced that it would raise the prices it charged Ukraine for gas to international levels. Also soon afterward, the Russian Military Prosecutor's Office announced that Tymoshenko was still under investigation for bribery and fraud, despite the fact that Interpol had earlier announced that Tymoshenko had been cleared of all charges.

While it's not clear that the military prosecutor's announcement was in any way related to Turchynov's allegations of high-level corruption in Russia, it seems unlikely that a prosecutor would say such things about Ukraine's prime minister without the approval of Russia's highest political leadership.

Then, on 3 July Interfax quoted Tymoshenko as saying that the RosUkrEnergo scheme was a "criminal enterprise" and warned unnamed officials close to Yushchenko "not to replace the old schemes of the Kuchma government with new ones." She added that Naftohaz was "beyond the control of the cabinet of ministers" and that she had asked the new head of Naftohaz, Oleksiy Ivchenko, to report on Naftohaz's activities at a cabinet meeting. Ivchenko never attended the meeting, claiming to have suddenly gone on vacation.

Who's In Charge?

Ivchenko, a member of the Congress of Ukrainian Nationalists, a small party in the Verkhovna Rada that supports Yushchenko, was allegedly chosen to head Naftohaz Ukrayiny by Poroshenko and Oleksandr Tretyakov, Yushchenko's top aide. Tymoshenko consistently denied having been consulted about his appointment, despite ordering that all heads of state-owned companies should be appointed on the basis of competition.

Poroshenko, however, did not seem to attach any great significance to the investigation of RosUkrEnergo and never mentioned corruption in the gas business as a major concern. In an interview with the Internet publication Obkom, he downplayed the allegations of criminal connections to Eural Trans Gas and said that all he knew about the case was from media reports.

On 5 July, Poroshenko told Interfax that there were no significant problems in the gas business and that "the good relations between Presidents Yushchenko and Putin" would insure that all gas-related issues would be peacefully settled.

Then on 6 July, Yushchenko sent a letter to Tymoshenko in which, according to Interfax, he said that all "rumors" about Naftohaz must end and that the company should not be drawn into "political intrigues." He chided Tymoshenko and her colleagues for "unthought-through, emotional articles by people who have no relation to the gas sector." People close to Tymoshenko believe that this letter was in fact composed by Tretyakov, who later was accused of corruption by presidential chief of staff Oleksandr Zinchenko. (see "Corruption Allegations Abound")

On 13 July, Interfax reported that the SBU had given Yushchenko documents detailing the alleged illegalities of the RosUkrEnergo middleman arrangement. Tymoshenko was quoted in the same report as saying that Naftohaz should itself be the middleman and not pay others to transport Turkmen gas to Ukraine.

The defenders of RosUkrEnergo responded to these charges in an article in the Internet publication Forum on 4 August, in which author Yuriy Zakrevskyy wrote that without RosUkrEnergo, Ukraine would be forced to pay even more for gas and that the country should be grateful to such a company "built on Western principles and totally transparent."

As the situation heated up, Interfax reported on 12 August that the SBU had conducted a search of Naftohaz headquarters for documents relating to RosUkrEnergo. Interfax reported that the company's new management reportedly collected materials and gave them to the Prosecutor-General's Office, SBU, and other law enforcement bodies, which allowed a number of criminal cases to be filed.

A week later, on 20 August, Interfax quoted Poroshenko as saying that "the SBU was itself a danger to the security of the state" and needed major revamping. This was widely regarded as a formal declaration of war on Turchynov by Poroshenko.

Tymoshenko, in her televised appearance on 9 September, shed further light on the conflict when she said that at a meeting just prior to her dismissal with Yushchenko, Poroshenko, and others close to the president, she was asked to agree to SBU head Turchynov's dismissal. Tymoshenko refused and told the television audience that Turchynov was considered a threat by those present at that meeting.

In late August, Poroshenko announced that he would go to Moscow personally to negotiate with Gazprom on prices for gas and to arrange a long-term supply agreement. Although he was not a cabinet member and thus not legally empowered to negotiate on behalf of the government, Yushchenko did not interfere and Tymoshenko could not prevent him from going.

Former Naftohaz head Yuriy Boyko, who is under investigation in the Eural Trans Gas-RosUkrEnergo affair, continued to deny any wrongdoings and on 5 September issued a statement saying that he was filing a libel suit against Tymoshenko. Two days earlier, Boyko publicly accused the SBU of following him and said that he feared for his life, Interfax reported. Whether he coordinated this announcement with anyone from Yushchenko's inner circle is not known, but few believe that it was coincidental.

Role Of President's Aide

The SBU investigation into the transit of Turkmen gas was also looking into the role, if any, played by Tretyakov, the 35-year-old businessman who was Yushchenko's top aide.

Tretyakov, according to a 31 January report by RFE/RL's Ukrainian Service correspondent Serhiy Rudenko, made his money in the oil-and-gas business in Ukraine, was the owner of a company named ATEK-95, and while in parliament was a member of the Energy Committee.

ATEK-95 was a company which dealt with oil and gas and was affiliated with a company, TiKo, that owned filling stations and supermarkets in Kyiv and was affiliated with former Kuchma aide Dmytro Tabachnik's brother. ATEK-95 eventually came under the control of an offshore holding company based in the Bahamas, Thyssen Corporation, in which Tretyakov is a shareholder.

In July, Tretyakov was named by the website Obkom as having arranged a meeting between Yushchenko and Dmytro Firtash, one of the main players in Eural Trans Gas and a man believed to be closely associated with RosUkrEnergo. Firtash bought a television broadcasting license in Ukraine during the last days of the Kuchma administration and was accused of owing a large sum of money ($28 million) to the Moscow-based Itera corporation, which is the subject of litigation in Moscow. Tretyakov has denied knowing Firtash and introducing him to Yushchenko.

In his statement (as published on the Ukrainian website Obozrevatel on 5 September) charging Tretyakov with corruption, presidential chief of staff Zinchenko claimed that Tretyakov, after his appointment as Yushchenko's top aide, became a member of the supervisory boards of a major bank, Oschadbank, and Ukrtelekom. These positions had previously been held by Kuchma adviser Serhiy Lavochkin. Zinchenko believed that these supervisory posts were being used by Tretyakov as part of an influence-peddling scheme.

Zinchenko also accused Tretyakov of trying to control the gas business in Ukraine but did not go into specific details except to say that it was Tretyakov who insisted on keeping Ihor Voronin as deputy head of Naftohaz. Voronin, according to Zinchenko, was deeply involved in the Eural Trans Gas-RosUkrEnergo affair.

With Tymoshenko and Turchynov gone, it will be important to see if the SBU investigation of RosUkrEnergo and Eural Trans Gas continues and is brought to trial. If, however, the case is closed due to lack of evidence or lack of will to prosecute, it will raise further questions about Yushchenko's commitment to transparent government and his ability to fight high-level corruption.

[steveib] 17/9/2005 11:30

if what i hear is true mr brown and co will SOON be answering some very tricky questions in london (cheers andrew d )

[steveib] 17/9/2005 08:41

GUYS is there any way we can find out what assets aca hold IE PROPERTY,STORAGE, SALT CAVERNS, contact 07717407995

[crystalclear] 16/9/2005 23:36

I haven't seen the accounts, I'm just going from the above descriptions. It sounds to me like they have worked out the amount of tax loss ACA has accumulated over a period of time, juggled accounts to make a similar profit, and hence no tax to pay. They could probably dump ACA now and move on, but will probably do something insignificant as further smokescreen, while putting £40m quid tax free into somebody's pockets.

And the financial regulators have allowed this to happen instead of imprisoning directors for not producing accounts, accounts, which had they been published before trading was suspended, would have provided investors with a possible exit strategy.

[p65997] 16/9/2005 18:23

Some interesting bits for those without the accounts yet.

ACR sold its stake in ETG for a loan note totalling $115,963,320. ACR has no ongoing activity. $3,000,000 is marked for acquiring gas and oil expolation assets. ACR has converted a loss of £41,831,000 in 2003 to a profit of £38,638,000 (after tax) for 2004. This is mainly through selling its stake in ETG.

The ETG stake (44.67%)was bought in Feb 2004 and sold in December 2004 but not quitethat simply. Karma Holdings seem to own Ternion but also seem to be owned by Sanilia Ventures. This sounds typical smokescreen - can someone please try and explain? It's doing my head in. The upshot is £30m profit to ACR. Can someone explain about loan notes? The ETG stake seems to be have been bought for $55m and sold for $115m but in both cases using loan notes. Is that like IOUs? The $55m loan note was converted to preference shares. Notice the interchange of $ and £ to add to confusion!

Apparently ACR acquired 100% interest in ACR Ukraine for £56,000 but because it's only thousands and not millions it's not included.

They now want to clear existing debts, presumably from the £41,831,000 profit. £30m from sale of ETG holding, £7.8m or so from CVA and £3m from elsewhere. It look like £60m worth of debt, so still no money. Shareholders' fund = £434,000.

No dividend (no suprise). 75.88% shares held by Denby, 18.88% held by Sanilia - so we have some of the rest.

Make of it what you will. I've rushed this out so you have something to read, so excuse me if it's not conclusive.

Regards
Pete Coulson

[shirishg] 16/9/2005 14:47

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[p65997] 16/9/2005 13:44

Yes. Hi people. Seems we back out and got £3,000,000 for something and a loan note of $115 million? Papers are at home so can't remember the exact details. Now what's going on? Is this another smoke screen? I can't make the AGM as I'm in USA next month. I want to sit down and peruse the details. You know what it's like. Read it, read it again, read between the lines, etc. If anyone thinks they understand what's going on, please pass on a synopsis.
Regards
Pete Coulson

[canford cliffs] 16/9/2005 09:04

anybody else receive the accounts to 31/12/04?

[steveib] 14/9/2005 13:00

Support Codec DivX , XVID, MPEG1, MPEG2, MPEG4, MP3, WMA, JPEG
Laser wave length 650NM/780NM
Video system PAL or NTSC
Audio response 20Hz-20kHz
Audio s/n ratio >85dB
Audio Distortion+Noise = 70dB
Channel Insulation = 75dB
Dynamic Range 85dB
Output
Audio output
Video output
S-Video output

Output: 2V,Load Impedence:10KO
Output: 1Vp-p,Load Impedence:75O
Output: Brightness(Y):1Vp-p,Color(C): 0.28 Vp-p,Load Impedance: 75 O
Power 100-240V AC input 9V 3A output
Power consumption < 18W
Dimensions 191x143x23.5mm
Weight 780g
TV System PAL(PAL_I/PAL_D/K/PAL_B/G) or NTSC
TV Channel VHF1-12, UHF13-69, CATV
Mobile Hard disk Connection USB 2.0
Hard disk Capacity 30GB HDD Hitachi

[steveib] 14/9/2005 12:47

Massive 7-inch TFT LCD display: iPod photo and Archos Jukebox series will be ashamed for their tiny 2" / 3.5" screen
Built-in DivX / MPEG4 / DVD / DOLBY decoder
Resolution: 480x234 RGB
30GB Storage Capacity: can store 15 DVD movies, or 50 DivX/MPEG4 movies, or 0,000 MP3 music, or 30,000 Digital Photos
Super Rechargeable Lithium battery can play for 3 hours continuously
Built-in TV tuner (analog), multi-system works in most countries (except France)
Slim & Compact: multi-functions does not necessarily mean less-portability. This unit is almost of the same thickness as the Archos video players with a overall dimension of 19.1 x 14.3 x 2.4cm (7.51" x 5.63" x 0.93")
Download programs on the Internet: you could connect it to a computer using the high-speed USB 2.0 cable
Wireless Transmitter: when this unit is used to play music and movies in the car, you can obtain better sound by transmitting the sound to car Hi-Fi system via FM channels.
Supports both 4:3, 16:9 aspect ratio
No driver needed when connected to computer (only for Windows ME / 2000 / XP)
Free Leather-like carry case / Car Headrest harness installation bag
Built-in Anti-Shock System
Built-in Stereo Speakers
One Year Warranty

the tip is to get them delivered as samples to addresses i am just the agent for this guy
and he is going tobe offering gps sat nav soon

[fairfax ache] 13/9/2005 17:19

Looks like a very good offer to me. The link you put on was not correct, I found it at .

What input/output ports does the device have? Does the price include VAT?

[steveib] 11/9/2005 07:57

HI GUYS CHECK OUT THE MP4 MEDIA PLAYER ON THE SITE ITS A ONE OFF AND THE PRICE IS WAY LESS THAN WHOLESALE


HTTP//:WWW.DRAWKING.COM

[desert orchid] 01/9/2005 18:51

02-08-2005 Notice of claim to extension of period allowed for laying and delivering accounts - oversea business or interests.
Rgds Dessie