Acacia Mining Share Discussion Threads

[cpap man] 22/5/2019 09:44

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[bookwormrobert] 22/5/2019 09:20

Hi NWB!
No, you've got the Barrick shareprice wrong. It's $12.12 on the NYSE and 16.25CAD in Toronto.
This makes the offer a derisory 1.46p per ACA share.
But I don't think today's announcement is the end of this. Not by a very long way.

[r88ave] 22/5/2019 09:20

My thoughts exactly Barrick indicate aca market value would be $786m with this deal There's roughly 410 shares So £1.95/2.00 isn't far off tbh

[casual47] 22/5/2019 09:16

There's no doubt in my mind the GoT and Barrick are in cahoots.

But, Barrick cannot do anything without minority shareholder approval and the board of directors has demonstrated its independence and fiduciary duty.

The GoT could throw more spanners in the work but at the same time they depend on the income the mines are generating and if they push Acacia too hard they risk international arbitration which they may well lose. Even though Tanzania is approaching basket case status I don't think they want to risk taking it that far.

So for now, Acacia can just sit it out and wait for things to improve.

[nwb] 22/5/2019 09:13

Barrick Gold trading at $16.24 = £ 12.82 (today's rate = 1.266)
0.153 shares of Barrick Gold for each ACA shares = £ 1.96 per share.

Is this maths right - would have thought the share price of ACA would have risen ?

[r88ave] 22/5/2019 09:04

As if the board didn't know what going to happen I can't believe they would be that stupid surely They defo won't make it that easy for Barrick Hence in rns advises shareholder strongly to take no action.

[casual47] 22/5/2019 08:55

If it is a stitch up the board of directors must take the international court of arbitration route. Given the outrageous behaviour of GoT I'd say the odds of success could be quite good.

[augustusgloop] 22/5/2019 08:46

There isn't going to be a bidding war.

Its a stitch up.

[r88ave] 22/5/2019 08:44

Bought some more at 150p Bargain

[r88ave] 22/5/2019 08:39

Barrick made a bid for aca cheap offer as usual with first offer Knew this was coming tbh Can see this go a lot higher the longer bid war goes Hopefully the board will refute the offer and let the market decide the price It's blindingly obvious asset and gold mine aca have is highly attractive

[grupo guitarlumber] 21/5/2019 15:10

21/05/2019 3:03pm
GlobeNewswire

Montrouge, 21 May 2018
GENERAL SHAREHOLDERS' MEETING OF CRÉDIT AGRICOLE S.A.

A Crédit Agricole S.A. General Shareholders' Meeting was held on Tuesday, 21 May 2019 at the Centre des congrès Robert Schuman in Metz, in the presence of Chairman Dominique Lefebvre and Chief Executive Officer Philippe Brassac.

Nearly 660 shareholders were in attendance. With quorum of 74,4%, the General Shareholders' Meeting approved all of the resolutions put to it by the Board of Directors.
Nearly 14 089 shareholders voted prior to the General Shareholders' Meeting, with nearly 56% of them voting online via Votaccess.
The meeting was broadcast live on www.credit-agricole.com, and a recorded version is available.

After approving the financial statements for the year ended 31 December 2018, the General Shareholders' Meeting of Crédit Agricole S.A. decided to distribute a dividend of EUR 0.69 per share.

The dividend will be paid in cash only. The ex-dividend date will be 24 May 2019 and the dividend payable date will be 28 May.

The General Shareholders' Meeting renewed the following mandates for a three-year term:
Ms Véronique Flachaire, Messrs Dominique Lefebvre, Jean-Pierre Gaillard and Jean-Paul Kerrien, whose terms of office had expired.

The Board of Directors met after the General Shareholders' Meeting and renewed Mr Dominique Lefebvre's mandate as Chairman of the Board.

[grupo] 21/5/2019 09:21

Crédit Agricole: Goldman Sachs remains neutral with an adjusted price target FROM 13.80 to 14 EUR.

[maywillow] 20/5/2019 09:53

20/05/2019 | 10:40
UBS downgrades its recommendation on Credit Agricole from 'buy' to 'neutral' with a price target lowered from 13.1 to 11.6 euros, considering that the investors day of June 6 should not be a catalyst.

'It is difficult to defend higher incomes and lower cost growth than is already included in the consensus', says the broker, who sees only a potential upside of 4% for the title form the bank.

[carlsagan1] 19/5/2019 13:19

Any of you guys have experience with X-O(by jarvis) or iweb-sharedealing(by halifax).

From june 10th ii will be upping fees to £19.99 amonth

Unacceptable as I dont trade each month

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees.

[mustau] 17/5/2019 15:21

Decided to sell out, good luck to all holding.

[the grumpy old men] 16/5/2019 13:08

16/05/2019 | 11:43
Credit Suisse confirms this morning its buying advice ('outperformance') on the Crédit Agricole SA share before the French bank organizes a meeting day with investors ('investor day') on June 6th. The price target remains fixed at 14.5 euros.

Analysts first recall that the accounts of the Green Bank for the first quarter were broadly in line with expectations. Even though they adjusted their earnings-per-share forecasts slightly down (-2%) due to exceptional items, their target share has not changed.

"We consider the June 6 Investor Day as a positive catalyst to come," believes Credit Suisse in a research note, in that it should be an opportunity to highlight the quality of growth of the group. Credit Suisse also speculates that in the long term, the possible revival of the Switch guarantee system could be accretive by 5 to 6% on profits.

[the grumpy old men] 16/5/2019 13:06

16/05/2019 | 11:43
Credit Suisse confirms this morning its buying advice ('outperformance') on the Crédit Agricole SA share before the French bank organizes a meeting day with investors ('investor day') on June 6th. The price target remains fixed at 14.5 euros.

Analysts first recall that the accounts of the Green Bank for the first quarter were broadly in line with expectations. Even though they adjusted their earnings-per-share forecasts slightly down (-2%) due to exceptional items, their target share has not changed.

"We consider the June 6 Investor Day as a positive catalyst to come," believes Credit Suisse in a research note, in that it should be an opportunity to highlight the quality of growth of the group. Swiss Credit also speculates that in the long term, the possible revival of the Switch guarantee system could be accretive by 5 to 6% on profits.

[waldron] 15/5/2019 15:54

15/05/2019 | 9:42

PARIS (Agefi-Dow Jones) - Crédit Agricole SA shares lost 3.5% to 10.97 euros Wednesday morning, after the French bank posted a net profit down 10.9% in the first quarter . This decline is "mainly due to higher costs and taxes, while revenues are broadly in line with expectations and supplies are improving," notes Citi. "The results indicate mixed trends, and we expect some pressure at first, until management provides clarification," adds the financial intermediary. In June, Crédit Agricole will present a new medium-term strategic plan, after reaching, one year ahead of schedule, the objectives of the previous plan, which ran until 2019.

-Pietro Lombardi, Dow Jones Newswires ed .: ECH

Agefi-Dow Jones The financial newswire

[sarkasm] 15/5/2019 09:18

Credit Agricole Shares Fall After 1Q Net Profit Missed Expectations
15/05/2019 8:53am
Dow Jones News

Credit Agricole Sa (EU:ACAP)
Intraday Stock Chart

Today : Wednesday 15 May 2019
Click Here for more Credit Agricole Sa Charts.

--Credit Agricole's first-quarter net profit fell 11%, missing analysts' expectations

--Capital-markets revenue rose 1.7% on year to EUR472 million

--Its core Tier 1 ratio was stable at 11.5% in March


By Pietro Lombardi


Shares in Credit Agricole SA (ACA.FR) fell in morning trade after the French bank's first quarter net profit fell 11%, undershooting analysts' expectations.

The results came as the bank gears up for a new set of targets in its medium-term plan, which is due to be presented in June, after it achieved the main targets of its plan through 2019 a year ahead of schedule.

Net profit for the period was 763 million euros ($856.3 million) compared with EUR856 million a year earlier, France's second-largest listed bank by assets said Wednesday.

On an underlying basis, which excludes exceptional items, net profit rose 1% on year.

The net profit fell short of analysts' expectations of EUR794 million, according to a consensus forecast provided by FactSet.

Shares in the bank were trading 2.2% lower at 0720 GMT.

The profit miss was "mainly due to higher costs and higher taxes, with revenues broadly in-line and better provisions," Citi said.

"Results showed mixed trends, and we expect some pressure initially until management clarify the various moving parts".

Revenue dropped 1.1% to EUR4.86 billion.

Credit Agricole's corporate-and-investment bank reported a 2.9% increase in profit. Capital-markets revenue rose 1.7% on year to EUR472 million.

Profit rose at the bank's insurance and asset-management business, at its French and international retail-banking operations and at its specialized financial-services division.

Credit Agricole's core Tier 1 ratio, a key measure of capital strength, was stable at 11.5% in March.

"These performances demonstrate once again the relevance of our strategy fully focused on organic growth, internal synergies and consolidation of business lines," Chief Executive Philippe Brassac said.

"These very good performances allow confidence in our future medium-term plan that will be unveiled next June."



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

May 15, 2019 03:38 ET (07:38 GMT)

[waldron] 15/5/2019 07:25

Credit Agricole SA's (ACA.FR) first-quarter net profit fell 11%, undershooting analysts' expectations.

Net profit for the period was 763 million euros ($856.3 million) compared with EUR856 million a year earlier, France's second-largest listed bank by assets said Wednesday.

"This drop is entirely due to the specific items of both periods being compared," it said.

On an underlying basis, which excludes exceptional items, net profit rose 1% on year.

The profit compares with analysts' expectations of EUR794 million, according to a consensus forecast provided by FactSet

Revenue dropped 1.1% to EUR4.86 billion.

Credit Agricole's core Tier 1 ratio, a key measure of capital strength, was stable at 11.5% in March.

"These performances demonstrate once again the relevance of our strategy fully focused on organic growth, internal synergies and consolidation of business lines," Chief Executive Philippe Brassac said.

"These very good performances allow confidence in our future medium-term plan that will be unveiled next June."



Write to Pietro Lombardi at [e-mail]



(END) Dow Jones Newswires

May 15, 2019 01:22 ET (05:22 GMT)

[r88ave] 14/5/2019 10:17

Charts are pointing towards imminent springboard action above 150p very soon

[avsome1968] 13/5/2019 23:09

lol still under 150 gold breaks $1300 and rising.

[r88ave] 13/5/2019 13:17

could be right gold heading higher thanks to nobby trump!

[imjustdandy] 13/5/2019 12:11

2 pounds this week on the cards

[imjustdandy] 13/5/2019 10:18

Looking good