Acacia Mining Share Discussion Threads

[1corrado] 07/8/2017 07:35

What will this week bring RNS................ 200p by this Friday????????????Any view..............

[ariane] 04/8/2017 15:00

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. Friday mid-day, Crédit Agricole gained 0.47% on the stock market to 14.89 euros. ([e-mail]) ed: ECH




(END) Dow Jones Newswires


August 04, 2017 06:51 ET (10:51 GMT)

[harry vederci] 04/8/2017 14:46

lol where the hell did you dig that abomination up sarpanch

Yves Engler is a Canadian writer and author. He is co-author of Canada in Haiti: Waging War on the Poor Majority (2006) and Stop Signs: Cars and Capitalism on the Road to Economic Social and Ecological Decay (2011).

[ukgeorge] 04/8/2017 14:23

That is such a balanced article it is fantastic.

[sarpanch] 04/8/2017 14:05

I have previously mentioned as well, he is more interested in processing concentrates in Tanzania. He will push Acacia to build smelters and if they say no, he will bring Chinese (Sunshine Group) to do that job.

[sarpanch] 04/8/2017 14:01

Real cost of mining -http://www.cadtm.org/Canada-s-hand-in-Tanzania-mining

[sarpanch] 04/8/2017 13:50

REDHILL- its a new article and have knowledge of current discussion between govt. and Barrick.

[ukgeorge] 04/8/2017 08:45

a profit is a profit :)

I'm holding tight average is £2.05, a few months should be back to £3-4

[wookie77] 04/8/2017 08:40

another great call by me 🙄

[edjge2] 04/8/2017 08:14

moved up my stop

[wookie77] 03/8/2017 17:36

traded out of my long from 150s today at 181. Don't have the balls to hold until Magafool shows his hand. Got a feeling there might be one final sting in the tail but hope i'm wrong for everyone else.

[redhill] 03/8/2017 14:00

Sarpanch


Old news rehashed.

[sarpanch] 03/8/2017 13:19

Few other companies has paused the investments as well in Tanzania. Can he be pressurised by the foreign companies to change his stance in this matter?

[sarpanch] 03/8/2017 13:15

Just saw this article. Looks like he is not willing to negotiate. http://www.theaustralian.com.au/business/wall-street-journal/barrick-gold-faces-240bn-bill-as-tanzanias-laws-rattle-miners/news-story/1f77ca1fdad2125b065bbc03a36fa997

[ukgeorge] 03/8/2017 11:25

I think the Tanzania government is going to have to eat some humble pie. They can't just steal assets, if they do Barrick will go to International Arbitration and yes it may take years, but the case is so clear cut that they will have to pay billions.

[sarkasm] 03/8/2017 10:42

PARIS--French lender Credit Agricole SA (ACA.FR) reported Thursday an unexpected jump in second-quarter net profit, boosted by lower costs and a strong retail banking business.

The Paris-based lender, France's second-largest listed bank by assets, said net profit rose to 1.35 billion euros ($1.6 billion) from EUR1.16 billion a year earlier. That beat analysts' expectations for a profit of EUR995.5 million, according to data provider FactSet.

Revenue was, however, down 1% at EUR4.71 billion. In the year-earlier quarter, the sale of its shares in Visa Europe gave Credit Agricole a gain of EUR328 million.

The bank's second-quarter earnings highlight a pickup in the eurozone economy after years of crisis and a slow recovery.

Net profit at its retail lender LCL more than doubled to EUR186 million from EUR82 million a year ago, while its international retail-banking business posted a 5% increase in net profit to EUR81 million.

Credit Agricole's corporate and investment bank also reported a 19% increase in net profit to EUR431 million, driven mainly by its fixed income business.

Its insurance and asset-management business reported a 12% increase in net profit to EUR466 million, while net profit for its specialized financial-services business rose 22% to EUR188 million.

Strong earnings this quarter helped increase the bank's capital buffers. Credit Agricole's core Tier One ratio, which compares top-quality capital such as equity and retained earnings with risk-weighted assets, stood at 12.4% in June, compared with 11.9% in March.

The bank's leverage ratio, which measures capital held by the bank against its total assets, was stable at 4.7% in June.

-- Write to Noemie Bisserbe at [e-mail]



(END) Dow Jones Newswires

August 03, 2017 01:14 ET (05:14 GMT)

[wookie77] 03/8/2017 08:02

Interesting news out of China re investing in foreign countries and assessment on political risk. If Magafuli was thinking of relying on he Chinese he better think again.

[redhill] 03/8/2017 07:07

I'm expecting an agreement any day now.

[stevea171] 03/8/2017 00:05

AG. Apparently, yes. The concentrate is not just copper and gold. It consists of a host of other metals in sub economic quantities. Everything has to be separated out to produce gold and copper to approved purity.

[augustusgloop] 02/8/2017 23:50

Stevea,

I don't know much about copper smelters - but gold smelters and iron smelters can be built for less than £10m.

Can copper smelters really be many multiples of this?

[stevea171] 02/8/2017 22:51

AG. ACA is the only miner in TZ producing copper/gold concentrate needing refining.

Barrick will not build or finance a smelter for TZ as it is wholly uneconomic to do so for the quantity and quality of the concentrate produced by Buzwagi and Bulyanhulu mines. This subject has been researched by the TG's own Minerals Audit Agency who published the results of their study in 2011 with a written report:

"A Study on Viability to Construct a Copper Concentrate Smelter in Tanzania"

The conclusion of the TG's own report is building a smelter in TZ for Buzwagi and Bulyanhulu concentrate can't be justified. TZ Mines Dept will be well aware of this report and will have made this known to Magufuli. So the whole ban on exports pending refining in TZ is a complete set up adopting a dishonest posture from the outset.

[augustusgloop] 02/8/2017 21:38

If they conclude a satisfactory deal with Barrick - then they would have to offer similar deals to everyone else.

So, they strategy is almost certainly to play hardball.

But in the end, I wouldn't be surprised at a 'reasonable fine' of a few tens of million $s for ACA -- and all the miners agreeing to the increased taxes and royalties and 16% free ownership + combining to build a processing / smelting plant.

[stevea171] 02/8/2017 21:19

I would expect no agreement to come from these talks as a tactical ploy on the part of the TG. I expect them to play for time to wear Barrick down and to stall right up to and including the deadline of end Sept for the closure of Buzwagi. This to maximise settlement in their favour if settlement is Magufuli's intention but taking full or 50% control of Buzwagi and Bulyanhulu is not ruled out.

During this time I would not expect the suspension of copper/gold concentrate exports to be lifted to maintain the pressure and pain on Acacia. North Mara is in a different category as it's a gold only operation.

[ukgeorge] 02/8/2017 16:11

"buy when there is blood in the streets, even if the blood is your own"