Acacia Mining Share Discussion Threads

[airs999] 13/6/2017 21:08

He could make political capital by taking the action at the same time if its spun to the country as him being strong on 'tax evading' companies etc

[novicetrade68] 13/6/2017 19:58

Kyrgyzstan tried to grab the mine of Centerra Gold (600k/an) several years ago and the government even sponsored mobs to physically occupy the mine whilst laws were rapidly pushed through in parliament to get rid of Centerra.

Today, the mine is still 100% Centerra's and Kyrgyzstan has significantly piped down.

The prospects of higher interest payments on national debt, becoming an international pariah for investments, 1000s of potential unemployed miners are only just three reasons for a government to also tread carefully in cases like this, in spite of the big talk it always starts with.

[novicetrade68] 13/6/2017 19:34

Tz is a signatory of several international treaties, they can take the mines, but again will find it's easier said than done.

[primarch1] 13/6/2017 17:18

The smart people driving the price up to dump it on the not so smart people.shame what's happened here but that's corrupt governments for you.now watch them move into the mines regardless of how legally the company states they own them.

[lefrene] 13/6/2017 17:16

I wonder if the govt would try this on with a Chinese owned mine? It's plain bullying with kleptostan tactics, likely end up as another African home goal. Do they employ Mugabe's economic experts as consultants?

[novicetrade68] 13/6/2017 16:11

Conf Call this Thursday might be worth listening to!

[ukgeorge] 13/6/2017 16:07

So what was the news that sent the volume and price up

[airs999] 13/6/2017 14:11

In some the ways I'm surprised it's maintained at the 260 level with all the uncertainty of how much I'm back taxes are wanted, if the government wants part ownership and what new agreement may come into place. Must be a reflection on ACA as the biggest gold miner in the country.
On an aside I presume the jobs of the 96% Tanzanians could be under threat if no resolution is reached

[redbaron10] 13/6/2017 11:05

At least there isn't a total breakdown in communications.In a goodwill gesture,and not to be provocative,the company says the three mines will continue in operation.I am optimistic that the government want a resolution,because the second report was rushed out not long after the first.If the Tanzanian president wanted to play the long game,and eat up the time, then the second report could've been delayed indefinitely.

[leonidas] 13/6/2017 10:36

As predicted here we come the blue day................

[mj19] 13/6/2017 10:34

Looks blue now and climbing

[bulltradept] 13/6/2017 09:51

Can see this drifting until we get a proper resolution one way or another. Some other shares in the same region haven't fallen anywhere near as much, so perhaps the Market is only focusing on ACA as it thinks it was that company which swung the lead, either that, or it the government is only going after ACA as it's the most profitable for it to target.

[airs999] 13/6/2017 09:29

It's definitely one to watch. I dipped in at 300p and dipped out at 298p a week or so ago. It's too big a gamble at this stage and I can see it dragging on and the price tumbling closer to 200 or dare I say under 200. Good luck to all holders

[atlantic57] 13/6/2017 09:19

If you enjoy going to a casino then this is a good time to place your bets.
The outcome is far from certain in my opinion.

I have no idea whether this will be a blue day or a red day not a stock for me ,until
There is evidence of the matter being resolved.

[leonidas] 13/6/2017 09:16

A blue finish by the end of the day.......................,any view??????

[airs999] 13/6/2017 09:12

If they uphold a retrospective tax bill the amount could surely crippled the company? Weeks away also I presume from any potential resolution of this fiasco?

[enami] 13/6/2017 08:42

I have put the link to the export ban in the header above the gold charts.

Good luck all

[welshwiz] 13/6/2017 07:28

Dont think so

[leonidas] 13/6/2017 07:07

A very serious RNS and I now expect a serious rebound and back to the 300p by no later than Friday.

[leonidas] 13/6/2017 07:02

A rebound on the share price of course and it will be a serious rebound.

[temmujin] 13/6/2017 01:41

so does that mean its bad news for oil and gas companies like aex and solo there?

[qs99] 12/6/2017 22:13

out of this a while back, but following, and looks like Tanzania (have been there it is a cracking country) is following Zim and other mad house countries if you believe the ACA RNSs about this issue....will make it hard to attract foreign investment but watch China / Russia and others who don't care about governance or the way they do business pile in if needs be....very sad....GLA but unless a compromise is found v. soon this doesn't bode well....DYOR etc

[fez77] 12/6/2017 20:26

Sad that so many African countries are so badly governed. Magufuli seems intent on cutting off any future western investment or finance regardless of the effect on his own people. Wholly reckless and irresponsible - but try telling that to Mugabe who managed to change Zimbabwe from the bread basket of Africa to the basket case of Africa. Very very sad!