Acacia Mining Share Discussion Threads

[qs99] 28/3/2017 14:55

Fez I agree and have taken a position accordingly, but then again nothing would surprise me with that continent! Let's hope sensible heads will prevail....in the meantime, Gold Price is holding up well IMO, and any further rises should help boost ACA back over a fiver IMO....cheers and DYOR

[fez77] 28/3/2017 14:35

Hi QS - I see you've been "holding the fort" here. I think there will be some action soon because I can't see how it can be in the interests of Tanzanian Govt to keep this situation going for much longer!

[qs99] 28/3/2017 13:11

what a trading share this is, blimey, not blue

[qs99] 27/3/2017 14:48

Gold Price moving ahead nicely now, DOW down, $ down....DYOR but this may set the tone for the week IMO....which is good news IMO for ACA!

[qs99] 27/3/2017 09:15

OK, now it is starting to move....

[qs99] 27/3/2017 08:40

Surprised ACA not benefiting more from sharp moves in GP IMO....also if trumpflation is proving a damp squib then IMO the dollar will come under more pressure and GP will keep motoring North...DYOR

[waldron] 23/3/2017 10:26

Published on 23/03/2017 at 10h05

(Boursier.com) - AlphaValue raised to sell to lighten its recommendation on Crédit Agricole, for a target price increased from 10.50 to 12.40 euros. The consulting firm has revised upwards its profit expectations for 2017 and 2018, based on higher than expected revenues, and on the integration of Pioneer in Amundi.

[enami] 22/3/2017 08:06

Totally missed that late RNS yesterday.

ACACIA MINING PLC Termination of Discussions with Endeavour Mining

21/03/2017 4:51pm

6% off at the open.

[grupo guitarlumber] 17/3/2017 12:17

11 May
2017 first quarter results
24 May
Annual Shareholders’ Meeting


29 May
Ex-dividend date
31 May
Dividend payment date

[waldron] 16/3/2017 06:10

Financial calendar


2017

15 Feb
Fourth quarter and full-year 2016 results
11 May
2017 first quarter results
24 May
Annual Shareholders’ Meeting


29 May
Ex-dividend date
31 May
Dividend payment date
03 Aug
Second quarter and first half 2017 results
08 Nov
2017 third quarter results

[waldron] 16/3/2017 06:09

dont use this thread and make the one you post your favourite

good luck with your investment

[fez77] 15/3/2017 21:54

Looking for a reasonable day tomorrow, with gold on a spike!

[fez77] 15/3/2017 21:54

Get this thread off the ACA forum and chat!

[fez77] 10/3/2017 09:27

Still ticking up. Nice!

[fez77] 08/3/2017 16:06

Come on my beauty!

[maywillow] 08/3/2017 09:30

Credit Agricole picks JPMorgan for Banque Saudi Fransi sale -sources

French bank Credit Agricole has picked JPMorgan to help in a potential sale of its 31 percent stake in Banque Saudi Fransi, valued at nearly $2.4 billion, sources familiar with the deal said. The sale would be an opportunity for a foreign buyer to gain a foothold in the kingdom's banking sector, in which 12 commercial lenders share total assets worth around 2.22 trillion riyals ($592 billion).

Credit Agricole's move comes as banks around the world are shedding minority stakes in other banks as new global rules mean they now have to hold more capital against those holdings.

Credit Agricole and Banque Saudi Fransi declined to comment, while JPMorgan was not immediately available to comment.

The sources declined to be identified because the details of the deal are not public.

Bloomberg earlier reported that Credit Agricole was weighing the sale of its stake in the Saudi lender. ($1 = 3.7503 riyals) (Reporting by Hadeel Al Sayegh, Saeed Azhar and Tom Arnold; additional reporting by Maya Nikolaeva in Paris; Editing by Jason Neely and Alexander Smith)

[fez77] 07/3/2017 09:10

A nice tick back up, against falling gold price. More rise in the share price to come I think.

[temmujin] 06/3/2017 20:25

might get back in if gold and copper go up again...took a beating today,seems to happen most mondays

[fez77] 06/3/2017 20:19

No posts today? I find it hard to believe that! Anyway, I have now pitched in to this stock and am confident that the Tanzania problem will be resolved soon. It is in the best interests of both Acacia and Tanzania that it is sorted out ASAP. After that I am confident that it will recover some of its lost share price over the past few days.

Although Jefferies International have downgraded to "hold" with a target price of 475p, Credit Suisse have reiterated "outperform" with target price 600p and JP Morgan Cazenove have reiterated "overweight" at 610p. With the current price at 414p, that looks good to me for a significant rise in the near future - although Tanzania will of course need to be sorted!

[malcolmmm] 03/3/2017 23:31

Looks like a tax evasion thing.

Under Tanzanian mining law and the terms of the Mineral Development Agreements between Acacia Mining PLC and the government any profit made is used to offset the initial investment and therefore during that period the company is not required to pay any corporate tax.



Mr Gordon says in elaborating the issue of profit that "when running a business one needs to first exclude all costs from your income before you can declare a profit - the cost in this case is the initial capital cost that has been invested to develop the mines". "Whilst we make net profits, these are not taxable and our current projections are we aren't due to pay corporate taxes until 2018", he says.

According to Mr Gordon, the fact that the MOU between Acacia and TRA has been signed and has been recognised as a pre-payment by all parties makes it clear that in the TRA's opinion, no corporate tax is currently owed by Acacia and therefore none has been evaded.

In its recent ruling, the Tax Revenues Appeals Tribunal (TRAR) accused the gold mining giant of running a sophisticated tax evasion scheme in the country.

Acacia has since appealed to the Court of Appeal against the ruling asserting that the company's financial reports conformed to international best practices and were audited by global accounting firms and government organisations.

[qs99] 03/3/2017 17:15

Yup. don't disagree, was out due to the GP drift and $ strength ahead of fed decision, but had a few left which I sold on todays RNS, then seemed to be bouncing so caught that now out again for weekend as you say.....shame as it really had momentum, just goes to show.....good weekends...

[temmujin] 03/3/2017 16:43

sold off again later...i wouldnt want to be in over the weekend...markets hate uncertainty..remember IG?