Acacia Mining Share Discussion Threads

[redhill] 24/7/2017 09:03

just a little oversold to say the least !

[1corrado] 24/7/2017 09:01

It will be a long way for the recovery............................only if the issue is resolve the share price will move forward bad call for me but this is the stock market there is loosers and winners at the moment I am a big losers but as I own the shares outright I can wait........................

[bigboots] 24/7/2017 08:55

Tanzania Government cannot afford to fall out with Barrick Gold, who own 69% of Acacaia

This issue is the CEO who will need to step aside to allow this to be resolved

[tsmith2] 24/7/2017 08:55

Fear mines will now probably get out on care and maintenance.

[falia] 24/7/2017 08:53

INFT MOVING TODAY

[pugugly] 24/7/2017 08:26

No 2 on the down leader board - Open for discussion will the mines be confiscated and handed to those who give the politicians the biggest brown envelope ?? i.e. Usual business practice in many African countries ??

[edjge2] 24/7/2017 08:25

Tanz likely play it to the limit. Trashing started yesterday afternoon, might see some money at 200 but support at 180 more likely. If resolved a terrific buy.
Waterfalling is its way

[ukgeorge] 24/7/2017 08:11

Sadly all the news has been bad. Oversold yes smart money mining in doubtful

[temmujin] 24/7/2017 07:17

oversold...smart money moving in

[guitars4stars] 24/7/2017 07:08

Expecting a strong bounce today.

[redtrend] 24/7/2017 06:46

An actual link to the news article, FT one is more comprehensive





It appears this is linked to intruder fatalities to Acacia's North Mara mine.

[1corrado] 24/7/2017 06:07

what about break the £1 to day.

[electrick] 24/7/2017 05:40

Looks like might Break the £2 this week

[sarpanch] 23/7/2017 23:07

ACA is also getting pressed for human right issues. Odds are stacked against ACA big times.

[casano] 21/7/2017 17:28

'Tanzania passed two laws this month forcing companies to re-negotiate their contracts as Magufuli pushes through reforms he says will distribute revenue to his people.' So, resolution is in the best interest of Tanzania. Don't see how closing down the mines will distribute revenues to the people...more like starve the people and the economy!

[fez77] 21/7/2017 17:15

"Analysts at Investec assumed, in line with consensus, that the concentrate export issue will be resolved in the second half but with the new flash over Fridays arrests, added: "This certainly signal an escalation of the dispute by the government. While Acacia has a high level of skilled indigenous staff, we would expect the loss of expatriate staff to have some impact on planning and output."

On the results, Investec said the cash reduction was "frightening" but is a natural reflection of the $1m/day that is being tied up in inventories while the concentrate export ban remains.

RBC Capital Markets said production levels for the half were better than expected, driven by the Buzwagi mine where grades and throughput were substantially higher than it had estimated, having "wrongly expected Acacia would have at the margin ramped down on spending in country leading to a quicker erosion of production"."

[ryeground] 21/7/2017 17:08

1corradoWhat makes you think it's oversold? I'm just interested in what would make you add more to a tanking stock.I know risk reward, but I see no signs of this turning around.Cheers

[novicetrade68] 21/7/2017 16:09

Interesting though that it is Barrick who is leading the negotiation.

[plentymorefish] 21/7/2017 16:05

only time will tell, it's upto the government what happens, not the company. Probably (currently) more of a gamble than an investment.

[1corrado] 21/7/2017 15:58

well oversold.........bought more with a new average of 235p.

[edjge2] 21/7/2017 15:25

Thanks Tsmith
Shorters paradise

[edjge2] 21/7/2017 15:22

casano: lol AINT NO TYPIST EVIDENTLY, thanks for the alert. 200p might be in sight. Govmnt are pushing to the line evenm foprcing temp shutdown. Guess the big boys will revisit or might threaten exit calling it a day. Either way time to be worn down is with Govmnt not company.
Little DCB just happened?

[tsmith2] 21/7/2017 15:18

Support, around £1.75-£1.80

[casano] 21/7/2017 15:12

Already sub 300....for some weeks now!