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ACA Acacia Mining Plc

234.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Acacia Mining Plc LSE:ACA London Ordinary Share GB00B61D2N63 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 234.00 234.60 235.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acacia Mining Share Discussion Threads

Showing 7926 to 7949 of 8375 messages
Chat Pages: Latest  323  322  321  320  319  318  317  316  315  314  313  312  Older
DateSubjectAuthorDiscuss
09/5/2019
06:09
Positive operational update this am...should now race back to 200p tbh after disappointed Q1 Results.
Also are aware of MB comments yesterday, hold on to this way too cheap with production figures

r88ave
08/5/2019
18:00
Barrick Could 'Force' Resolution to Acacia's Troubles, CEO Says
Bloomberg - 9 minutes ago

Gets better....

Barrick Gold Corp.’s Mark Bristow said the company may have to "force" an end to stalled talks with Tanzania over the fate of its subsidiary Acacia Mining Plc -- but not yet. Shares of the unit pared gains.


Acacia has been at odds with Tanzania’s government since July 2017, when the state handed the London-listed gold producer a $190 billion tax bill, saying it falsely declared bullion exports. Bristow was named Barrick chief executive officer in January, and the following month the Toronto-based miner said it’s reached a settlement proposal with the government. Yet so far, no final deal with the government has been signed.

“We would definitely at a point intervene and force the process, but right now it’s not a constructive way to try to solve this problem,” Bristow said in an interview in Toronto Wednesday.

Sally Marshak, a spokeswoman for Acacia, said the company has no immediate comment. Shares of the London-listed company, which earlier rose as much as 4.9 percent, pared gains to 1.5 percent to 144.2 pence at 3:30 p.m. in London.

Bristow took the helm at Barrick after the miner merged with his company Randgold Resources Ltd. at the start of this year, rekindling hope of a resolution. The South African has a long history of successfully operating in Africa, but so far has left negotiations in the hands of his long-time lieutenant Willem Jacobs.

Barrick, which owns almost two-thirds of Acacia, has previously said that the plan includes the gold producer paying $300 million to resolve outstanding tax claims. It also involves a 50-50 sharing of the “economic benefits” of Acacia’s operations with the state.

Acacia has been frozen out of the talks, but its board will have to approve any deal. Once that’s done there’s uncertainty over the future of the miner that only operates in Tanzania. Barrick would favor taking back full control of the unit, people familiar with situation said last year.

“It’s a tragedy; what we’re dealing with is a complete breakdown of relationships,”; Bristow said Wednesday, noting that the Tanzanian government refuses to deal with Acacia. Bristow declined to provide more details on what an intervention would look like.

“There’s a way where we could get involved in wrapping up the business going forward and then deal with the assets ourselves,” Bristow said. “Or there’s a way where we could cooperate with the Acacia board and we could look at strategic options and realize the assets in a different way. Those are the options that we have.”

r88ave
08/5/2019
17:35
Barrick could of course always buy us out and get the remaining shares they don't own. Then they can push through whatever deal they want.

It's disingenuous to say Acacia aren't cooperating as they are subject to fiduciary duty and need to take into account the interests of all shareholders, not just Barrick.

If Barrick buys us out at 400p I'll happily hand over my shares :)

casual47
08/5/2019
17:30
Interesting articles there

Reading between the lines Barrick and MB are eager to get the dispute sorted and by doing so they want to take over the board.... could be an interesting development as they already own 63.5% of

SP could be in for a tasty ride in next few weeks.

r88ave
08/5/2019
12:06
Will move very fast once 150p is cleared.
r88ave
07/5/2019
08:23
Looking very good now next resistance around 165 area
r88ave
06/5/2019
18:35
Do believe divi is euros 0.63 or approx 5. 6pc


PLEASE NOTE THIS IS NOT THE ACACIA THREAD

grupo
06/5/2019
18:27
What is the dvi
dhanji2
06/5/2019
15:34
Financial calendar


2019


15 May
2019 first quarter results
Quiet period - Equity only: 17 April 2019

21 May
Annual Shareholders’ Meeting

Metz


24 May
Ex-dividend date

28 May
Dividend payment date

02 Aug
Second quarter and first half 2019 results
Quiet period - Equity only: 9 July 2019

08 Nov
2019 third quarter results
Quiet period - Equity only: 11 October 2019

ariane
06/5/2019
05:52
0
06/05/2019 | 7:39
Crédit Agricole reports that CACEIS Germany has received from the Bavarian tax authorities a request for the refund of taxes amounting to 312 million euros, a request accompanied by 148 million interest (calculated at a rate of 6% per annum).

The bank states that 'no intentional fault, no negligence against it is invoked in support of this request', and that it has benefited from the refunds of the offending dividends, made for the benefit of its customers in 2010.

CACEIS Germany will therefore challenge this claim, which appears unfounded, by appealing on the merits and seeking a stay of execution. In this context, it confirms its decision not to fund the amounts claimed.

grupo
03/5/2019
07:28
better support at 97p though that'll be worth a punt
creditcrunchies
01/5/2019
08:30
Like I said good support around 138p area
r88ave
01/5/2019
08:15
5% down on jack volume, totally controlled.

I hold and will look to add further around a pound if the opp arises.

mustau
30/4/2019
15:07
Maybe should word it as 76.4% retrace from 265-100
r88ave
30/4/2019
14:32
Gucci Don't know how to explain but either way it's going up nowFib retrace from low to peak
r88ave
30/4/2019
14:03
r88ave - I dont see that fib
gucci
30/4/2019
11:47
Time to go long imo.
From low 100p to 265p peak, this has hit 23.6% fib at around 138p.
Lets see what happens in next few days.

r88ave
30/4/2019
06:58
That might explain why Odey's funds are performing so poorly in recent times?
goodgrief
30/4/2019
06:38
CREDIT AGRICOLE - The Crédit Agricole Corporate & Investment Bank subsidiary announced on Monday that it has finalized the sale of a 4.9% stake in Banque Saudi Fransi (BSF) to a consortium led by US investment fund Ripplewood.
waldron
25/4/2019
08:33
might be advisable to use above link to thread
florenceorbis
25/4/2019
08:20
Or maybe not...rediculous that they go down today on News/results already shared 10 days ago ...
luisfrg
24/4/2019
08:38
Down trend finally broken.... up up up we go!
luisfrg
17/4/2019
09:16
The total assets under the deal between Credit Agricole and Banco Santander are worth more than 5 trillion euros ($5.7 trillion), including EUR3.34 trillion in assets under custody and EUR1.83 trillion in assets under administration. "Credit Agricole, Santander to Unite in Custody and Asset-Servicing Entity," at 0546 GMT, misstated the value of the assets in the first and third paragraphs. Total assets are more than EUR5 trillion, not EUR5 billion. Assets under custody are EUR3.34 trillion, not EUR3.34 billion and assets under administration are EUR1.83 trillion, not EUR1.83 billion.



(END) Dow Jones Newswires

April 17, 2019 04:25 ET (08:25 GMT)

maywillow
17/4/2019
06:57
Credit Agricole SA (ACA.FR) and Banco Santander SA (SAN.MC) have signed a memorandum of understanding to create a new entity focused on custody and asset-servicing operations with a remit over a total of more than 5 billion euros ($5.7 billion), the lenders said Wednesday.

The new entity, names Caceis, would see Credit Agricole and Santander hold 69.5% and 30.5%, respectively, in a combination of their operations. It would combine Santander Securities Services, or S3, in Spain and Latin America, with Caceis.

The combined entity would hold EUR3.34 billion in assets under custody and EUR1.83 billion in assets under administration.

The transaction, which requires customary approvals and the sign-off from the relevant works councils, is expected to take place by end of 2019.

"It is anticipated that the impact on both capital and on earnings per share will not be material for both parties," the lenders said.



Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com; @donatopmancini



(END) Dow Jones Newswires

April 17, 2019 02:01 ET (06:01 GMT)

waldron
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