Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Robin Young, CEO, Amur Minerals #AMC talks long-term strategy


African Barr Share Chat (ABG)


ABG Share Chat
ABG Share Chat
ABG Level 2 Console
ABG Level 2 Console
ABG Live Share Price
ABG Live Share Price
Buy ABG Shares
Buy ABG Shares
Add ABG to Watchlist
Add ABG to Watchlist
Add ABG to Alert
Add ABG to Alert
Close Info Alerts is a Premium Feature
Login or start your FREE trial today.
Add ABG to myTerminal
Add ABG to myTerminal

There is currently no data for African Barr.


Share Discussion for African Barr


Thread View

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

Posts per page:


Anthony5
Posts: 83
Off Topic
Opinion:No Opinion
Price:223.50
dont get caught short
14 Nov '14
when this explodes up to £3
 
Anthony5
Posts: 83
Off Topic
Opinion:No Opinion
Price:217.00
gold manipulation
12 Nov '14
just buy the $ ! the tribe have it under control !
sinnerthesaint
Posts: 817
Research
Opinion:No Opinion
Price:205.40
Lawyers seeks Barrick's help
6 Nov '14
A group of Tanzanian villagers who are suing African Barrick Gold (LON:ABG) in a U.K. court, alleging the miner was complicit in the killing of six locals by police, have asked parent-company Barrick (NYSE, TSX:ABX) to “live up to their corporate responsibility and human rights commitments.”

In an e-mailed statement, London-based law firm Leigh Day’s partner, Shanta Martin, who is representing the Tanzanian claimants, said that impoverished people who dare to sue multinationals often face incredible obstacles to having their claims heard by an independent arbiter.

The lawyer, who is in Ottawa this week, said that on Nov. 19 his clients will seek orders from the English court requiring African Barrick to hand over internal documents considered "key" and take other steps to get the case to trial.

“Barrick Gold Corporation says it respects human rights wherever it does business and recognizes the dignity of the people they interact with every day,” the statement says.

But it adds that at the North Mara operations of Barrick's majority-owned subsidiary, poverty-stricken locals tempted onto the mine to scratch out rocks for tiny amounts of gold are “regularly being shot at with live ammunition.”
mogo
Posts: 25,289
Off Topic
Opinion:No Opinion
Price:216.90
ABG
30 Oct '14
Re charity begins at home -see earlier post-in the 00's most miners hedged gold which they might soon do again i.e take out shorts vs. the gold price to reduce losses off their gold sales.Also they might cut sales as First Majestic did for their silver recently.
GlenFidrich
Posts: 67
Off Topic
Opinion:No Opinion
Price:216.30
RE: Questor
30 Oct '14
If Questor is saying 'avoid', then that is a definite 'buy' for me! Just do a little research. In January 2013, Questor recommended ABG as a buy at @ 3 pounds 50p. By July 2013, ABG's SP was @ 1 pound (I know, I bought in). Then in Jan 2014, Questor recommended selling ABG @ 2 pounds a share. The share went on to a high of 3 pounds 20p in March, before falling back to current levels. So, obviously, if you had heeded Questor's advice, you would be seriously out of pocket. But yeah, avoid it now, at your peril!
MY21
Posts: 12,030
Off Topic
Opinion:No Opinion
Price:216.00
Questor
30 Oct '14
Avoid African Barrick Gold until recovery takes root: Shares in African Barrick Gold rose 4.7% to 214.4p after brokers made reassuring noises about the miner’s ability to turn round its struggling mines. The miner’s third quarter results, which came out on October 23, showed signs of improvement. Gold production increased to about 190,986 ounces in the three months ended September - up 16% on the same period last year. The company also cut the costs of production by 13% on the same stage last year, to $1,098 per ounce. African Barrick said third quarter revenue was up 9% to $241 million, as the increased output more than offset lower gold prices. The cash position is also improving marginally, with total cash up $17 million to $287 million at September 30, leaving an estimate for net cash of $145 million once the $142 million loan facility is subtracted. The company had cash of $401 million at the end of June last year. However, Questor would still be reluctant to jump back into this high-cost gold miner. The market expects pretax profits of $149.4 million this year on revenue of $931.1 million, giving earnings per share of 25.2c (15.6p). African Barrick is a higher cost operator and, given the weaker prices in nearly all commodities this year, it is at risk from gold falling lower. African Barrick Gold at 214.4p+9.4p Questor Says ‘Avoid’
mogo
Posts: 25,289
Off Topic
Opinion:No Opinion
Price:199.00
ABG
15 Oct '14
Nice to read but is not a charity and charity begins at home ?
sinnerthesaint
Posts: 817
Research
Opinion:No Opinion
Price:200.80
Commendation from Minister of State
13 Oct '14
Tarime — MINISTER of State in the Vice-President's Office ( Environment) Dr Binilith Mahenge, has commended North Mara Gold Mine for conforming to the highest environmental protection standards.

"I am impressed to see that North Mara Gold Mine has heavily invested in environmental programmes and I believe other mines will take a leaf," Dr Mahenge said here over the weekend after spending several hours inspecting various environmental programmes by the mine.

Among other things, he was shown a Tailings Storage Facility (TSF), a modern multimillion shilling water treatment plant which recycles waste water.

A few years back the mine was in the spotlight after allegedly polluting River Tigithe, one of the major sources of water for the surrounding villages.

The mine was now spending 1.5 million US dollars (over 2.5bn/-) on environmental programmes each year, according to its General Manager, Mr Gary Chapman. Dr Mahenge said the government needed investments that strictly adhered to acceptable environmental standards.

He was accompanied by several senior officials from the National Environment Management Council (NEMC), including Dr Robert Ntakamulenga, the Director of Compliance and Enforcement at NECM, and Mr Manchare Heche, a senior legal officer from NEMC.

The minister was shown two modern public primary schools which had been built with support from the mine at a cost of over 3bn/-. He also called on the mine to support artisanal miners living in the villages around the mine.

Dr Mahenge also witnessed dozens of youth who intruded in one of the gold mine's pits to steal gold sand at high risk to the environment. The intruders were armed with sharp objects which appeared to be machetes.

Frequent intrusions by mostly young men have continued to be one of the critical problems disturbing operations at the mine, which is operated by African Barrick Gold (ABG).
Anthony5
Posts: 83
Off Topic
Opinion:No Opinion
Price:202.70
time to reload
6 Oct '14
and pray




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.