RBC comments19 Feb 2018 12:40
Our expectations would be that any transaction would need to be predicated on a detailed final agreement on the recently agreed framework between Barrick
and Tanzania, which would be a positive for the equity independently. Should a cash deal be struck, in theory Acacia could dividend out the cash to its
shareholders, which would allow for at least an in-part monetization of Acacia, which has previously been named non-core.
We caution that with discussions being early stage, and no guarantee that any value achieved in the transaction would be higher than our risked valuation, and
that there remains no agreement between Acacia and the Government of Tanzania, we maintain our Sector Perform, Speculative Risk rating