Acacia Mining Share Discussion Threads

[redhill] 27/7/2017 11:39

Whatever Tanzanian plans are it must be remembered that they signed up to the Bilateral Investment Treaty protection.

This is the reason why many companies invested there.

[stevea171] 27/7/2017 10:36

There will be no sustained recovery in the share price here so the hard down trend is likely to continue. There is no confidence in the TG and what it's intentions are regarding ACA.

The TG means to apply 'pay back time' to this company as payback for unfavourable contract terms over the past 20 years or more. That could mean anything from full nationalization to some huge cash payment plus part nationalization to settle the matter (for now). The new laws give cover to whatever Magufuli has in mind with no recourse to any external authority or arbitration.

The TG means business and for ACA this means nothing is ever going back to the way it was .....

[1corrado] 27/7/2017 09:31

still no bounce a bit early and now back to the red for the 5 consecutive day...............

[tsmith2] 27/7/2017 09:22

not sure Barrick didn't start the conversation earlier...in meantime positions have become more entrenched, more difficult to resolve..

[1corrado] 27/7/2017 05:46

With this news out I also expect to see a bounce in the share price to day.

[temmujin] 26/7/2017 20:18

it wont go bust...scare tactics so directors can fill their boots

[emptyend] 26/7/2017 19:51

What are Blackrock up to, with nearly 20% of the free float now?

[big_cat] 26/7/2017 18:40

Temm - whats the value of a company if its going bust?

[temmujin] 26/7/2017 18:12

from 600p t0 157p is well oversold...dead cat bounce to 250p

[gersemi] 26/7/2017 18:12

There's a war happening in certain parts of Africa:

China (good guys) v Western companies (nasty, colonial white man)

China and many African states are in bed together and this type of slow destruction of western companies will continue

[big_cat] 26/7/2017 18:08

This dispute ain't gonna resolve quickly because it does not suit the mad President. He is playing a shrewd political game to become impregnable politically and hold on to power in perpetuity. Where politics takes precedence over economic reality, it is time to exit.

[temmujin] 26/7/2017 17:52

entered long and hard today 157p

[airs999] 26/7/2017 17:09

If acacia sell to a Chinese firm what happens to shareholders stakes? Is there a big upside to share price if a Chinese companies takes it over and starts from scratch with a slightly higher tax levy?

[enami] 26/7/2017 16:40

Wookie77 65% of the shares are owned by Barrick. They would not lend any of them out to shorters.

[wookie77] 26/7/2017 16:23

Why no short positinos???
Id have thought everyone was short but only 0.5% short

[edjge2] 26/7/2017 13:39

160 gone, and confirmed as resistance.
Barrick mulling what next step should be and waiting gov to show their hand, both playing a waiting poker game!
On 5yr chart 100 may be next stop as currently on 2yr old support.
Depends on the news. SHG holding just about.
CPX and IGE on the motor

[blindsquirrel] 26/7/2017 13:24

One thing to look out for is short positions being closed. In this case it probably won't mean they think the share is going it means they've had enough blood and think there is a chance of it going bust

[redhill] 26/7/2017 12:42

Barrick Gold seem to be taking a long time to send down a negotiating team,considering how much this is costing Acacia each day.

[blindsquirrel] 26/7/2017 12:11

Down again.....next stop(pause) £1.40?

[blindsquirrel] 26/7/2017 12:10

It's usually roads and rail the Chinese build for African governments then the gov minister attends the opening ceremony saying look what I built for you.

[lefrene] 26/7/2017 12:00

Chinese build them a smelting plant and then get a mine for free?

[gersemi] 26/7/2017 11:34

There's only one word you need to know....CHINA

Lovely people, scum government