Acacia Mining Share Discussion Threads

[blindsquirrel] 24/7/2017 17:57

Don't think I have ever seen a share shouting SELL so much before. I really hope todays RNS is enough to convince even the most die hard holders out there to cut their loss. If you are right and a miraculous bounce up is coming you can catch it again on the way up. Once more ....SELL

[casano] 24/7/2017 17:36

Think this is the most outrageous RNS have ever seen...!

[astjgroom] 24/7/2017 17:35

Think the government got its zeros wrong. Their greed will be there undoing. If they had said £136m they probably wudda got further. Terrible situation, need balls of steel or deep pockets

[robizm] 24/7/2017 17:28

If they suspend will just be pent up selling presure. Will be toast on tuesday so feel for lth. They will win through arb but how long will it take. I sold my holding at £3 at a loss

[augustusgloop] 24/7/2017 17:13

QS99,
"Just cannot understand the logic of govt."

--------------------

Fine the company, seize the mine assets to pay the fine, sell the mine to rich locals (friends of the ministers), Increase the tax take ---- The politician's line their own pockets + increase the amount of tax revenue. Everyone's a winner.

Not that hard to understand.

[bigboots] 24/7/2017 17:08

Impossible to put a value on here now

10p - 50p

Barrick may just take this over for pennies

They own 69% - will take this over and smooth government out

Tanzania hate Brad... that is what they are telling you

[qs99] 24/7/2017 16:58

Just cannot understand the logic of govt. But this is Africa I suppose. Bonkers numbers in there....will Barrick be able to make govt see sense? better hurry up if they believe they can...

[airs999] 24/7/2017 16:52

Are you shorting this jaknife?

[temmujin] 24/7/2017 16:50

GOT stopped out early on...dog share,wont get back in until 20p

[bigboots] 24/7/2017 16:49

think we will see 50p

[redhill] 24/7/2017 16:47

Acacia will probably apply for a halt in their share trading tonight.

[airs999] 24/7/2017 16:47

Are you shorting this jaknife?

[blindsquirrel] 24/7/2017 16:44

Hate to say it but.....told you so lol. £2 then quick to £1.80 hope most of you got out. If not please SELL!

[tsmith2] 24/7/2017 16:34

crazy numbers, surreal

[billytkid2] 24/7/2017 16:33

Acacia notes that Bulyanhulu Gold Mine Limited (??BGML") and
Pangea Minerals Limited ("PML"), the owners and operators of the Bulyanhulu and
Buzwagi mines, respectively, have today received a series of Notices of
Adjusted Assessment (the "Assessments") from the Tanzania Revenue Authority
("TRA") for historical corporate income tax, covering the periods 2000 to 2017
for BMGL and 2007 to 2017 for PML. The Assessments are issued in respect of
alleged under-declared export revenues, and appear to follow on from the
findings of the First Presidential Committee announced on 24 May 2017 and the
Second Presidential Committee announced on 12 June 2017. As we have stated
previously, Acacia refutes each set of findings and re-iterates that it has
fully declared all revenues. We have yet to receive copies of the reports
issued by the First and Second Presidential Committees. The allegations made by
the First and Second Committee are included in the matters that both BGML and
PML have already referred to international arbitration.

The Assessments assert that BGML owes the Government a total of approximately
US$154 billion, and PML approximately US$36 billion. The Assessments claim a
total of approximately US$40 billion of alleged unpaid taxes and approximately
US$150 billion of penalties and interest owed. Acacia disputes these
assessments. The Company is considering all of its options and rights and will
provide a further update in due course.

[redhill] 24/7/2017 16:33

They have obviously overstated the bill x 10 times !

[edjge2] 24/7/2017 16:31

billy do you have link for those?
Attack in last few minutes to 184.5. Due a bounce I think

[billytkid2] 24/7/2017 16:30

They have a tax demand equivalent to over three Rio Tintos.

[keya5000] 24/7/2017 16:29

Not sure why they aren't claiming trillions rather than billions.

PMSL, Tanzania have officially made their country out of bounds for western investment.

[billytkid2] 24/7/2017 16:26

Absolutely hilarious statement (if it wasn't for people losing money). These claims from the government are so fanciful. Its like one of those e-mails from an african prince.

[edjge2] 24/7/2017 16:25

blimey 200 busted on last knockings. That does surprise me, shorters paradise! I was out at 230 thinking 260's might hold, oops
Sub 180 nextatag?

[ukgeorge] 24/7/2017 16:25

bloody hell gone through £2

[edjge2] 24/7/2017 16:18

Frank yes some valid points, hold out to win! Don't think Barrick will allow this gem to escape. Hoping for a low entry for recovery myself. Made my loss on these hopefully to regain it.
210's look tops today