Acacia Mining Share Discussion Threads

[glenkaz] 30/5/2017 07:37

£3,20 would be a start! 👍🏻

[macca32] 30/5/2017 07:21

Yes I agree a government fit up job but the government need to back track due to what company would invest in a country that would employ such tactics and of course they need the income

[electrick] 30/5/2017 06:48

Government hit job. Without question. No way they are going to step back and lose face. All too public.

Obvious smelting / nationalisation agenda.

Expect more pressure as government push back on company rebuttal.

SP gains on Friday will be lost and share price stuck at lows while costly arbitration and discussions continue. Local sentiment will only worsen.

ACA may be innocent but nothing they can do about it.

Current highs to be retested as retracing back to last week's lows.
Company may have to consider suspension not only of mines but trading also

[nasnas1] 30/5/2017 01:50

Can see all those wanting to get in a little cheaper, i can see the rationale and i would be doing the same but the fact that 1 billion has been wiped off the market cap as a result of a 'fall out' is just plain ludicrous. The RNS on Friday afternoon showed that the company are on the ball and the buying late on Friday suggests that investors see a bargain sub £3.

I am not going to lose my money at this price, if all the assets are stripped then they ar worth £3.70...do the maths risk v reward, do not get emotionally attached.

[glenkaz] 30/5/2017 00:23

They've allready been! D/ck head! And have sh/t themselves with Friday's rns!

[electrick] 30/5/2017 00:09

Delusional

Tz govt pressing agenda against the company. Local opinion turned against ACA
Share price about to take a tumble

Going back to double figures with these daily losses

Shorts are coming

[glenkaz] 29/5/2017 22:47

Way overdone!! £350 fair £6 easy wiv sentiment and gold rising! Ps when sorted! Stonking buy! £160k top up says so!

[nasnas1] 29/5/2017 22:11

I was a buyer on Friday and at 2.85 there is very little Downside. The assets and cash equate to £3.70 and you have to get the maths right here. At 3.50 it is priced about right at 285 it is a screaming buy. 320+ tomorrow don't leave it too late

[macca32] 29/5/2017 18:40

my previous valuation was from Friday today Acacia was the top riser on DSE with a share increase of 1.27%

[glenkaz] 29/5/2017 18:37

Short d:cks ha ha I've got loads to top up! Burn ya low life! 😋

[keya5000] 29/5/2017 18:26

They have been stating that one mine will close for months, that was always the plan.

Get that short closed early doors Monday fella...

[electrick] 29/5/2017 18:25

1.27% up on DSE.
Maybe 2 pence movement?

Looks like sharp fall due given expectation to close at least 1 mine

Here come the shorts...

[keya5000] 29/5/2017 17:51

Up a tad more in Tanzania, low volume mind 200k units. I get the closing price to be £3.16.

YOu would expect the buyers of that 200k over there may know a tad more than we do here!

[glenkaz] 29/5/2017 17:20

So must go back over £3 now!

[macca32] 29/5/2017 16:52

From the Dar es Salaam stock Exchange Acacia price 8650 local currency exchange rate to pound is 2756.39 which gives acacia a price of 3.138 British pounds in Tanzania

[glenkaz] 29/5/2017 16:28

If sorted double in hours but Agree drop factored in but a bit harsh so feel £3 £3.40 about right for now! But good news huge gains! 😃

[macca32] 29/5/2017 16:26

With regards to the smelter 30% local ownership etc this was all included with the first quarter results.As for a brokers opinion I would rather prefer the opinion from my cat

[bookwormrobert] 29/5/2017 15:15

Well, according to one broker (Peel Hunt, I think) Acacia is worth about 550p per share with 100% of the Tanzanian mines working normally, and it is worth only 65p without them. So, all in all, given the current total uncertainty, I think the market has currently priced the company about right.

[glenkaz] 29/5/2017 15:11

They can have mine at £6 and a few 🍌'S lol! 😂

[novicetrade68] 29/5/2017 14:27

And the government also wants ACA to list on the Tanzanian Stock Exchange with 30% of the companies shares available in a trading pool. It's all getting very confusing now.

[bookwormrobert] 29/5/2017 14:00

Harry - I think I agree with you. Acacia are indeed being fitted up with bent resource numbers, but resolving this problem favourably is not easy. The President has gone so far and said so much that there is no easy way back for him without losing face and credibility. And Acacia doesn't really have a credible way of fighting the power of a nation state.

For me, 50% chance total nationalisation of the three mines, and 50% chance Acacia have to give up "only" 30%-50% of the mines.

[glenkaz] 29/5/2017 13:50

This is hurting gov in revenues! They will admit mistake IMO Aca are not a Micky mouse aim company and will be the victors IMO! Shut everything down and do not pay workforce! Over in a week! Simple!

[harry vederci] 29/5/2017 12:09

the African press is full of propaganda vilifying the miners for 'theft' and all the articles focus on the need to construct smelting plant in the country, which has already been dismissed on economic grounds as below examples

Some observers suggest that Tanzania’s president, John Magufuli, is trying to force Acacia to fund a new gold-smelting industry, but experts say the country’s output is too small for this to be economically viable.

A mining executive was quoted in The East African on March 22 saying “A study done in 2011 showed a smelting plant in Tanzania will cost $500m. Raising the money will be difficult as smelting cannot be profitable in the country.” Of particular concern is the lack of a steady supply of power from the national grid

It sounds like this committee report is part of a malicious attempt to extract more than a pound of flesh from ACA, and worth bearing in mind committee report 2 (going back 15 years shipments and corresponding with ACA activity in the country) is still awaited.

ACA are simply being fitted up with bent resource numbers, but what to do about it?

[glenkaz] 29/5/2017 11:29

Sp year high to now - 55% risk a lot lower now reward if resolved 100%

[atlantic57] 29/5/2017 11:07

That is a very good point,you would need a very detailed grasp of the underlying figures to make that judgement.