Acacia Mining Share Discussion Threads

[flyingadventure] 06/6/2017 11:56

Heading towards £3 ...

[airs999] 06/6/2017 11:36

Yes I'm tempted to invest long term in acacia but only when the export ban has been lifted and the presidents demands (even if relatively unreasonable) met in full

[redbaron10] 06/6/2017 09:00

Loving it.Gold price rising,dollar index falling and an interest rate rise almost a certainty next week (June 14).If this is happening,contrary to what one would expect in a run up to an interest rate hike,then the brakes could really come off the gold price after the 14th.

[airs999] 05/6/2017 18:36

Bluejay have an mining area in Greenland the biggest and highest quality grade ilmenite (from which they make titanium) in the world possibly 17 billion tonnes with the sea tides doing must of the mining work so low production costs. Georgian mining copper gold in Georgia with 'exceptional' high quality copper gold ores etc more drilling is finding more large copper good resources. So both are pretty solid and likely to head only one way over the next few months, up

[ukgeorge] 05/6/2017 17:12

the other two sound as though they are out of films. Who are they?

[airs999] 05/6/2017 17:04

I'm taking a long term view on this as I have with my other investment bluejay mining that I've been with for 12 months now. Also Georgian mining. I would like to bring a third into my mining nest but will have to wait for the RIGHT time even more than usual with acacia I suspect

[ukgeorge] 05/6/2017 16:47

I always go in with the hope of making money. hey ho.

And for Acacia, I see this as a blatant, illegal scheme to get a foreign company to either pay a back hander or higher tax.

I think it/hope it will be cleared up relatively quickly and is a buying opportunity

if it is cleared up soon these will add a £ sharpish

if it drags it may take a year.

[bgnhlr] 05/6/2017 16:47

'Soon' they say! :)

[bgnhlr] 05/6/2017 16:37

I always go in with the intent of a long term investment, but the opportunist in me delves in day trades too. Striving to keep a good balance and not go overboard. My long term investment lies in Greencore (GNC) because who doesn't love a sandwich and Merlin Ents. or shall we say LEGOLAND (MERL) for the sole reason that I love and believe in childhood memory making (laugh at me all you want).

Good luck to you.

[redbaron10] 05/6/2017 16:31

Good point.If you like day trading and you need volatility,then Wed and Thurs this week are heaven sent opportunities for you!! I tend to be a bit more circumspect and longer term i'm afraid.Each to their own.Good luck anyhow.

[airs999] 05/6/2017 16:28

Yes looks like gold might reach $1300 soon. But when will this export tax fiasco be sorted? Next week? Next month? Autumn?

[bgnhlr] 05/6/2017 16:26

I'm also banking on the UK elections frenzy to drive up this share price Whether Labour or the Tories win, I'm willing to bet there'll be some kind of hike, however temporary.

[redbaron10] 05/6/2017 16:18

Fed is shorthand for the Federal reserve bank in US.Because gold and commodity prices worldwide are priced in dollars, it is important how strong or weak the USd is when determining commodity prices.A strong dollar is usually bad for gold prices as the strong dollar makes buying gold in other weaker currencies relatively more expensive.Whenever the Fed raises interest rates in the US it makes the dollar stronger as there is increased buying of investments in the US because of a higher interest rate.On June 14,the Fed is widely expected to raise US interest rates by a quarter of a percent.However after this,the Fed is only likely to raise rates once more in 2017,probably in December.That means for possibly 6 months the prospects of the dollar weakening is quite high.Good for gold,good for gold mining stocks.That's the theory anyway!!!

[bgnhlr] 05/6/2017 16:09

pardon my ignorance, what is Fed rate and why is it set to rise?

[redbaron10] 05/6/2017 16:02

If i can get more at 270p ish then great.But i'm in wait and see mode.I'm in no rush.I think the long-term prospects for gold prices are good.If the shares are 300p after the probable Fed rate rise June 14,then i will still probably buy some more.

[airs999] 05/6/2017 15:53

I'm waiting for the bottom first, 270's or lower look possible at this rate

[redbaron10] 05/6/2017 15:49

I think at the mo you pays your money and takes your choice.With the UK election Thursday this week,and the Fed rate rise due at the June meeting 13-14,there is uncertainty and not many buyers.The brave souls are waiting until after the known knowns are in place.Even though the big unknown is how a compromise is reached between the company and the Tanzanian president,there is still the important issues of dollar strength and pog relevant to this share price

[ukgeorge] 05/6/2017 15:22

probably time to buy a few more of these.

[airs999] 05/6/2017 13:55

There will surely be several more days of deliberation on how much tax the president wants before any thought of resuming of exports happens and back to business as usual?

[bgnhlr] 05/6/2017 13:05

The dividend figures and SPs were on a basis of the 1.1 tonnes that was allegedly declared, meaning that should there indeed be more resources, the share price will only go up. Thoughts?

[ukgeorge] 05/6/2017 11:27

come on Acacia !!!

[redbaron10] 03/6/2017 22:32

Any resolution to this impasse between ACA and the Tanzanian president within the next few weeks is going to see this share price turbo-charged.Pog has such a tail-wind now, $1300oz is achievable v soon.A key resistance level achieved at $1261 and if it can rally beyond this,then we can surpass the pog achieved last year.The US non-farm payroll number was muted for May(figs out on Friday hence the gold move on dollar weakness) and there is an 80% certainty of a Fed rate hike at the June meeting 13-14.This 25 basis point rise is pretty much priced in to the market now and the dollar index is below 97.Trump wants a weaker dollar for US exports to be competitive (or so he says), the Fed would have raised twice out of the three times expected this year,and the Fed wants to start unwinding its balance sheet from its quantitative easing measures.If Trump's tax cut proposals are also stalled by congress and senate,plus no extension to the federal budget at the end of the year,i can only see the dollar weakening still further, which is great for gold.Ok the dollar is still relatively strong and some dollar weakness is the result of the euro gaining because of some economic growth and expansion in the euro zone,but even so i believe the strong dollar bull run is over for the time being.If ACA is still giving FY guidance as of its statement of last week,then the risk/reward has to make this a good punt.Hope i'm not proved wrong!