Register
Login:
Share:
Email Facebook Twitter


Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold


Acacia Min Share Chat (ACA)



Share Price: 158.40Bid: 158.10Ask: 158.80Change: -4.00 (-2.46%)Faller - Acacia Min
Spread: 0.70Spread as %: 0.44%Open: 160.40High: 164.20Low: 158.40Yesterday’s Close: 162.40


Share Discussion for Acacia Min


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Supercharger
Posts: 932
Opinion:Strong Buy
Price:162.40
I think bring on Int.Arbitration
Sat 12:03
If the mighty Barrick have felt they have concluded the issue for Acacia the repeated messages of "we continue to engage" do not account for anything. So if the talks have not been concluded and have broken down why not start the arbitration as this might bring about a conclusion for sure. Most are settled before actually stepping into the court but we must have agreements in place that need cementing in stone. Also shareholders could do with the loss of interest and compensation.. The tables need to be reversed.
 
FrankyS1971
Posts: 159
Opinion:No Opinion
Price:162.40
RE: GOT Will also benefit.
Thu 18:19
Yes and here s the real nub of it. When you have a near dictatorship with no meaningful opposition, then there are no real consequences. The GOT has the luxury of kicking this can down the road. A two/three party system would have too much political pressure to allow this nonsense. I hope the closer to 2020 this gets the likelier something will get sorted.
dimi123
Posts: 265
Opinion:No Opinion
Price:162.70
Barrick Q1
Thu 15:50
Supercharger
Posts: 932
Opinion:Strong Buy
Price:165.40
GOT Will also benefit.
Thu 11:58
Franky agree with you in fact when will the GOT realize they too will gain from the Companies doing well, in the form of taxes on earned exports, and other commissions they will earn. They have recently been shown to loose at the International Arbitration Court as well with a Japanese Firm (from memory) if they want to encourage a greater investment then they need to realize the fear other Countries and Companies have of trading in the current climate, where most Companies such will stay clear. Even Acacia is now looking at diversifying into other Countries now too. However they should have done this three years ago.
FrankyS1971
Posts: 159
Opinion:No Opinion
Price:166.30
RE: Interesting re. Disputes in Tanz.
Thu 10:06
This has been one of my main concerns that there has been cat and mouse going on. AkA we ll settle the dispute if you sign up to our laws which means no international arbitration. ACA are not going to give up their right to a fair independent investigation. This had been a major blocker and comes from GOT rushing through legislation and not thinking it through. Something they have world renown for!!! The alliance of miners that is being formed is to get the GOT to compromise over this vital area of law. Eventually the GOT will eat humble pie and move their position on this.
Supercharger
Posts: 932
Opinion:No Opinion
Price:164.50
Interesting re. Disputes in Tanz.
Wed 23:55
see link (are they afraid of losing any International Arbitration).

https://www.thecitizen.co.tz/News/1840340-5076112-c10pix/index.html
Supercharger
Posts: 932
Opinion:Strong Buy
Price:164.50
Ellie no worries
Wed 23:18
No worries Ellie many thanks for the updates. I suppose as we are now into April we will see full 1st Qtr results. With higher Gold prices for the Qtr perhaps the news might have one or two pleasant surprises. I also hear on the news that the Koreans have witnessed a new weapon of mass destruction with more complex capabilities, perhaps this might have another positive effect on Gold prices too? Hopefully our luck will turn for the better sooner rather than later.
Ellyllon
Posts: 89
Opinion:No Opinion
Price:164.50
RE: Another announcement due I'm told
Wed 21:30
Well, my 'news tomorrow' didn't work out well for the share price -- hopefully your rumour will be more positive...
Pat2014
Posts: 567
Opinion:No Opinion
Price:164.50
RE: Another announcement due I'm told
Wed 19:53
MW short down to 0.69 down from 0.8
Supercharger
Posts: 932
Opinion:Strong Buy
Price:164.50
Another announcement due I'm told
Wed 19:37
If not tomorrow could be next week. Hopefully better nwa to send us back up.

Hello Stock have you turned up again, where were you when we hit £250 odd?

Don't blame you as with all the volatility you could do very well here. We do seem to get be getting support from someone and the shorters interest has reduced I have seen a week ago. .
Stockabc
Posts: 245
Opinion:No Opinion
Price:168.50
RE: Barrick will not sell at this price
Wed 12:03
I believe this will take a while more , we can't apply the normal reasoning to the Tanzania government. I will buy again when it reach around 150. I stay by my view of 250-300 , I believe it is impossible the share will jump to above 400 .
Supercharger
Posts: 932
Opinion:Strong Buy
Price:169.10
Less output = less tax for G.O.T.
Wed 00:17
One thing the Govt of Tanz can do to help is lifting the export ban on the composites and this will increase sales = more tax- easy. Perhaps the composites can be inspected by an independant bureau for the make up of what actually is contained within it to conclude any doubt.-easy.

Did I hear someone say this was not going to be Easy? Come on chaps this can be sorted and everyone wins.
FrankyS1971
Posts: 159
Opinion:No Opinion
Price:168.70
RE: Barrick will not sell at this price
16 Apr '19
If Barrick acted in the way you are suggesting, every Fund Manager owning these shares from BlackRock to Crispin Odey would be banging on the door of the SFO!! All I really can be sure of, is that you have a change in ownership structure, a 3-way contract to write up and a lot of detail to make this fly. Its going to be a while.
BIGBangs
Posts: 852
Opinion:Strong Buy
Price:171.10
RE: Speculation
16 Apr '19
To be honest GH if you do not view the fundamentals here as good then I think you may be in the wrong game. ACA’s SP bears no resemblance to its value let alone the uplift from anticipated M&A action but of course do your own research and make you own decisions according - I do.
dimi123
Posts: 265
Opinion:No Opinion
Price:172.90
RE: Speculation
16 Apr '19
Ginger, I sincerely hope that you're not making investment decisions based on this board.

I agree that there's certain amount of speculation in the M&A play that we're discussing here. Mining in general is high risk as a lot can go wrong with a mine. However, I wouldn't describe investing in ACA as a pure speculation. Even if there's no deal to buy the company ACA is making decent money as it is and the government has shown no desire to nationalise the company. Thus, there's no worry here for ACA as a going concern and long term with almost certainly raising gold price you're going to make money.

The definition for investment that I'm familiar with is the Warren Buffet/Benjamin Graham one: "Investing is often described as the process of laying out money now in the expectation of receiving more money in the future." I feel ACA ticks those checkboxes.
Supercharger
Posts: 932
Opinion:No Opinion
Price:172.30
GH your luck will change.
16 Apr '19
We all suffer loses on the way to gains occasionally. Even what people once called safety stocks. IE. The Banks and BT, Vodafone and many others. There has been a rise in firms such as Amazon, and Ocado, and even the Supermarkets have suffered as a result of intense competition. Interest rates are low, so not much interest from banks. I will like you wait for Acacia to come back. I still feel this has a greater opportunity to do well than many other shares I own. More and more we read that Countries are looking for Gold to balance their currencies no longer relying on US Dollars. This will help demand for Gold going forward.
GingerHippo
Posts: 8
Opinion:No Opinion
Price:172.20
Speculation
16 Apr '19
The only good thing that has happened for me in the last 2 days is that I've made a firm commitment to never again purchase shares speculatively. All my speculative 'investments' have gone down - ACA and GFRD to name just 2. Investments made on sound investment principles (based on FSs rather than rumors) have made modest but respectable gains.

For well over a year guys have been saying that good news is right around the corner. Anyone who says differently is dismissed as a shorter. Emotional reactions, guess-work and hear-say. Meanwhile price is down 30% is a few months. I'm not going to read this rubbish anymore. I have the shares I have, I won't sell, I'll just sit on it for at least a few months before checking in on it again.

At least I didn't 'average down' at 200p.
Supercharger
Posts: 932
Opinion:Strong Buy
Price:172.20
Vars Ints involved delay reason
16 Apr '19
Suggest the only reason for any delay in the talks is due to the total number of parties/ interests involved.
ie. For Acacia they have a duty to safe guard their staff and protect them against any prosecution. They will also have as I have said before Political risk Insurance. They will therefore have to consult with and have Insurers and their Lawyers agree in advance of any proposal. This is so the Lawyers and Insurers retain control. The G.O.T. and Barrick will also have to agree, and with all these parties involved I can see if they are talking now then we will see a conclusion very soon. This is frustrating looking from the outside for people who do not have the Political risk experience but believe me this is not unusual and I would have put a time of about 2 months from when Barrick first made their announcement of progress is not unreasonable. The best Lawyers for this type of event will be employed who are very experienced in International arbitration (which is still another option) but I expect a break through to come now very soon. Many have said otherwise to be quite blunt it will be embarrassing for Barrick and this loss of dignity or bad faith or business goodwill is worth far more than any difference in currency of share price many on here have suggested. MB is one man who appreciates this very thing when creating trust the most important thing when trying to be an international deal maker.
dimi123
Posts: 265
Opinion:No Opinion
Price:171.90
RE: Barrick will not sell at this price
16 Apr '19
Super, I agree that Barrick have no interest in selling at these low prices. But perhaps they like a lower share price in case they want to buy as BB suggested? Not sure it will be 2:1, I think Barrick are a bit tight-fisted so IMO we'll get less than that. But yes, Barrick's share price going up while ACA's going down is ideal from their point of view in case they want to buy our shares.
Parfett123
Posts: 72
Opinion:Buy
Price:176.40
Stop loss
16 Apr '19
Feels like yesterday just ran through a load of stop losses, nice bounce back this morning.
Supercharger
Posts: 932
Opinion:Strong Buy
Price:167.60
Aca and Barrick are talking
16 Apr '19
I hear talks are underway - it is just the proposal is not yet finalised.

Watch this space, or rather watch this share price!!
BIGBangs
Posts: 852
Opinion:Strong Buy
Price:167.60
RE: Re some thoughts
15 Apr '19
Barrick (GOLD) shares need to rise just 10% from where they are to be at $15 which would be the perfect point for them to offer us a deal based on 2 ACA for 1 Gold - giving us £5.75 a share - sorted!?
FrankyS1971
Posts: 159
Opinion:No Opinion
Price:167.60
Re some thoughts
15 Apr '19
Re the last few posts. If Acacia were to be sold it's somewhat irrelevant if the share price is 1p or 1000p. The business will get sold at what it is valued at so just want to scotch the myth that share price = value of business = any guidance to sale price. 2nd thought is that the oz guidance in many ways is also immaterial as it's not like the dividend payment is in jeopardy. There isn't one!!! I therefore don t read anything into this whatsoever.
BIGBangs
Posts: 852
Opinion:Strong Buy
Price:167.60
RE: SP fall overdone
15 Apr '19
I was determined not to comment today as I feel this is an opportunity that I want to maximise on - others may choose to sell and put all this behind them but I think VV has really hit the nail on the head. ACA have announced what is effectively a $6 million loss of profit ( that it believes it will make up later in the year) and the market cap has dropped by $129 million - do you really believe that this is a market reaction? I believe it is the shorters having another go - this is how they operate and it’s working. We all wish we had followed HH’s advice and top sliced at £2.50 plus - I am down £300k from there on paper - but we could not know the future and I was not willing to risk missing the rise that I still believe will come - I do not pretend to be happy but I have not lost faith in the fundamentals bad nothing has actually changed.

Barrick announce their prelims on the 18th they presumably hope that this might help lift their SP - who knows but it is another step towards announcing the deal - if this is all to much for you and you see better opportunities elsewhere then sell and get on with it otherwise we are still awaiting the news that we have been expecting for a while, whatever you decide I wish you well.
VauxhallViva
Posts: 10
Opinion:No Opinion
Price:167.60
RE: VV
15 Apr '19
Pistachio, that would be nuts.. :-)




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.