Acacia Mining Share Discussion Threads

[stevea171] 08/8/2017 11:59

Acacia operates three gold mines in Tanzania: Bulyanhulu, Buzwagi and North Mara. Due to the rock formations at Bulyanhulu and Buzwagi, these mines produce both gold/silver bars (doré) and a concentrate which contains gold, silver and copper. The sales of the gold/copper concentrate account for approximately 50% of the combined revenues of Bulyanhulu and Buzwagi and 30% of group revenues.

Within the concentrate the gold accounts for 90% of the value, with the copper and silver accounting for the remaining 10% of the value. This is despite the percentage of gold within the concentrate being around 0.02% on average.

[redhill] 08/8/2017 11:09

No chance of nationalisation.That's not in the country's best interest.
Nothing leaking but as the main issue is the concentrate at the port its a reasonable guess its being retested.

[edjge2] 08/8/2017 10:54

top up but initial outcome may be neutral/bad

[augustusgloop] 08/8/2017 10:45

How is a settlement more in the interest of the TZG than the mine closing and them nationalising it?

[grupo guitarlumber] 08/8/2017 10:36

954/5000
ECHO BOURSE: Natixis raises its objective on Crédit Agricole to 17 euros
DowJones on 04/08/2017 at 12:51

Natixis Equity Research on Friday raised its target on Crédit Agricole SA (ACA.FR) to 17 euros, instead of 16.50 euros, projecting better income growth and a lower cost of risk In view of the results at the end of June published by the group. While management was optimistic about the development of the business, analyst Alex Koagne noted that the market appeared to be worried about the performance of insurance, whose quarterly revenues declined by 13%. "This development follows the Group's decision to strengthen savings / pensions, resulting in a lower margin," he added. Beyond this arbitration, the operational dynamics in insurance, life and non-life, remains robust, considers the consulting firm. Natixis confirms its advice to buy the value.

[redhill] 08/8/2017 10:29

Of course there will be a settlement.Its in both parties interest.

[augustusgloop] 08/8/2017 09:16

That's not the sort of text that leads you to believe that there will be an amicable settlement agreed soon -- or that the TZG will be under pressure from the locals to cave in and allow business as usual.

[1corrado] 08/8/2017 06:51

200p by friday.............................

[maywillow] 07/8/2017 15:03

(Boursier.com) - Crédit Agricole remains firm on the Paris stock exchange on Monday, up 1% to 15.13 euros after realizing a net increase in profit in the second quarter, whether for the listed entity or For the group as a whole. The decline in the cost of risk has accentuated the gains, while the main activities are increasing. The prudential ratios have taken the upward slope ... JP Morgan took the opportunity to slightly raise its target price from 15 to 16 euros on the record. Natixis had previously revised upwards its BPA 2017/2019 by 3% on average to integrate better income growth, with an increase in the target price of 16.5 to 17 euro
"The 2019 targets are confirmed and we reiterate our buy-side opinion, and we have also raised our target price, which is a potential increase of 15%," the broker commented. "Beautiful harvest despite a capricious weather", also summed up Jefferies. The analyst noted that the overriding of the consensus was based on all the divisions, except the insurance, and that the cost of the risk has decreased everywhere ... The objective of course is of 16,90 euros.

The green bank's listed entity recorded net banking income of € 4.71 billion in the second quarter, down slightly on a reported basis but up 6.5% on an underlying basis, That is to say, redacted from non-recurring items, in particular the capital gain on the sale of the stake in Visa Europe, which dates back to the second quarter of 2016.

Online Ratios

Gross operating income came to 1.9 billion euros, up 0.8% on a reported basis and 18.7% on an underlying basis. Due to a sharp decline in the cost of risk and a sharp increase in the contribution of companies accounted for by the equity method, Group net profit jumped by 16.6% to 1.35 billion euros, but it would have increased by more than 40% In underlying data. All other things being equal, the net profit came to 1,174 MdE, whereas the consensus was 1,02 MdE. In addition, the non-phased CET1 ratio rose sharply to 12.4%, before the acquisition of Pioneer by Amundi, thanks to the generation of earnings and the decline in weighted assets. This is well above the medium-term target set at 11%.

All business lines were up during the quarter, explains the management, thanks to the economic dynamics and efforts of the network. Insurance, asset management and retail banking remained strong, while specialized financial services and the large customer base continued to climb.

15% CET1 ratio for the group

At the level of the Crédit Agricole Group, underlying net banking income rose 0.5% to 7.94 billion euros, for gross operating income, which contracted slightly to 2.94 billion euros, but a profit Net group share of 2 MdsE, up 23.1%, due to a sharp drop in the cost of risk. The non-phased CET1 ratio reached 15%, up 50 points. The acquisition of Pioneer will reduce this level by 43 points over the third quarter. "This ratio represents a substantial cushion compared to the distribution restriction threshold applicable to the Crédit Agricole Group as of January 1, 2019, set by the ECB at 9.5%", recalls the management.

"In the second quarter of 2017, the Crédit Agricole Group's retail banking and businesses showed a high level of activity and results, indicative of the validity of the Group's business model and customer approach. Perfectly in the trajectory of the 2020 Strategic Ambition Plan ", commented Dominique Lefebvre, President of SAS Rue La Boétie and Chairman of the Board of Directors of Crédit Agricole SA

[redbaron10] 07/8/2017 12:33

Elections in Kenya this week,with political turmoil a possibility.A vote of confidence against Zuma in SA tomorrow,and the ongoing economic and political troubles in Venezuela.Hopefully the Tanzanian president will see that becoming an international 'pariah' state helps no one,least of all your own population!!

[novicetrade68] 07/8/2017 11:57

I guess the talks are going well.

[redhill] 07/8/2017 11:39

Screw the miners and you screw up any chance of inward foreign investment.
The miners are there because of international agreements to protect them.

There will be a settlement.Of that i have no doubt.

[augustusgloop] 07/8/2017 10:49

Redhill,

there is no new sector to attack for popularity.

In Africa - it is all about the mines.

They have mineral wealth and the ability to grow crops (sometimes).
Since the farms are predominantly not owned by big Western companies -- he will not be attacking them.

The only way of generating big bucks from foreigners is to screw the miners.

[stevea171] 07/8/2017 10:32

How long have these 'talks' lasted now?

How long does it take before the company and analysts smell a rat and realise the Government is involved in a meaningless show to satisfy international watchers.

The domestic agenda is what counts.

[redhill] 07/8/2017 10:26

Strangely enough i take exactly the opposite view & i have no position here. Negotiated settlement and the president moves on to find a new sector to attack for popularity.

Very unlikely they will take up their options on 16% as they know the consequences.
Yes they have increased royalties and there is at present a 1% export fee .I see it going no further than that.

[stevea171] 07/8/2017 10:24

Then look to Asia. The Philippines, like TZ, also with a new President and Government from 1/7/2016. Duterte appointed Ms Gina Lopez (now gone) as Mines and environment minister who created chaos auditing all mining operations and closing down about 20 mines.

Duterte on a regular basis issues threats to the miners saying the country doesn't need them. New investment there is not likely to be forth coming.

[augustusgloop] 07/8/2017 09:48

Atlantic,

who would invest in Tanzania now?

Similarly who would invest in South Africa?
The S.A. position is worse - but they are still tightening the noose on the miners.

[augustusgloop] 07/8/2017 09:46

atlantic, Redhill

I think that the tz govt want exactly the same as the S.A. govt.

So the first step is full agreement on the royalties & new taxes & 16% free ownership.

Step 2 is increasing the free ownership up to 30%

Step 3 = free ownership up to 50%

Then full nationalisation.

[redhill] 07/8/2017 09:18

ag

Exactly what do you believe they are delaying ?

It makes sense to both parties to retest as this is the main bone of contention and its difficult to see the way forward otherwise .No advantage to either party hanging this out.

They have announce their win win resolution soon.

[atlantic57] 07/8/2017 09:12

Ag what do you think is an acceptable deal for the Taz Government.
They can get whatever they want.However if they crush Acacia Shg etc who will want to invest in Tanzania in the future?

[augustusgloop] 07/8/2017 09:00

The delay is nothing to do with testing the concentrate.

TZ want to put more and more pressure on ACA - so they will delay it indefinitely.

The longer it takes, the weaker ACA's bargaining position.

[redhill] 07/8/2017 08:52

The amount of time its taking i guess the concentrate held is being retested independently.

[edjge2] 07/8/2017 08:42

TZ to string out, expect holding/negative RNS first, second positive one later.