Member Info for BIGBangs

Can’t ague with that - as long as this is resolved I am happy with a face saving settlement - my own view is that ACA will accept that they did not maximise the revenue return on the other metals ie copper and silver as they, I think, may already have accepted that may have been the case. I do think once resolved and a new deal in place we can expect to return to many years of full production without further interference which can only be a good thing.

Elf, fines and taxes would only be due if the GoT were able to prove their case and I don’t think anyone genuinely believes that we were in fact producing at the level they claim. I hope the smelter is just a side show but if someone else is building it - fine.

Well FF, I don’t think anyone on here was claiming to be an expert on smelters but they certainly are expensive to build - even a little research would show you that. Whilst I would not want to be paying for it myself if I was a part of a larger team and this help to move the whole thing forward then although I would not enter into it lightly I would contemplate the possibility. Don’t know about you but my view changes as the facts change - looks like the BoD might adopt the same principle.

Good find Elly - retaining more control of the process would be good for Tanzania, it would allow them to keep more of the value created from mining within the country and provide employment. It would not be a bad thing for ACA as the spurious claims of the value of the exported gold would be removed and it would have to reduce transport costs. I would be much happier if one of the other 20 potential investors took the project forward but I would be happy to commit our production to it and even to help with the funding if required. Very positive find thank you.

Stock - Surely you must remember that I did buy at £1.20 ish I was also buying at .95 when you were suggesting that we should sell. Buy or don’t makes no difference to me - only passing comment.

I don’t think ACA can be affected by anything going on with Brexit other than a lower value £ increases our $ earnings. Others may have a different view but I look at today’s SP as an opportunity.

Mitch, to clarify Supers point, gold mines can produce gold bars known as Dore, these are about 80% pure gold which are dispatched to a refinery where it is refined and hallmarked for purity. Miners dig the gold from the ground in chunks of rock and other metals which is called concentrate - export of concentrate is currently banned from Tanzania and we have concentrate to the value of about $250 million at the docks and in storage - the concentrate normally holds between 1oz and 5oz’s ish of gold per tonne - it obviously costs more to take the concentrate to dore form but it means refining costs will be lower. ACA have effectively ceased the production of concentrate and are producing dore but this means we are way below full production although still remaining cash positive and profitable - some of our mines are not equipped to produce dore and we are using the downtime to improve and update these currently non producing mines. Might have to add a few more today.

I fear that a smelter could be a big white elephant but I am reminded of MB’s comment that one route to a solution with the problems in Tanzania might be for all the mining companies in the country to band together and on reflection this could mean that they teamed up with GoT to build a smelter that they all agreed to use. Not my favourite option but certainly a possibility. Anglo already have experience in this being part owner of the big smelter in South Africa and were apparently willing to get behind a nationwide solution. We should know soon.

But when the dust settled £ was up 0.1% against $ and 0.67% up against € - the markets are predicting that U.K. will not leave the EU - I still think they are wrong - might have to buy a yellow vest.

Thanks dimi, I have noticed your input on quite a few boards and you certainly seem to know the game so I am confident that you will get where you want to go just keep at it - you certainly have time on your side. My favourite comment from the video is ‘to a man with a hammer everything looks like a nail’ - I bet I will use that at some point. ATB

I note that two trades were shown at 4.32 totalling 150k shares - shown as sells but I am betting that at £1.95 they will have been buys.

Whilst they are reducing their position no longer being above the level reported the shorters still have about 2 million shares to buy before they can go long, until then they will continue to manipulate the share price. There will come a day when our SP will rise big time and that day is coming soon.

Stock - Optimistic people are shown to have more positive outcomes. The figures are great. Don’t worrry about unpredictable and unwarranted little swings in the market. The rise over last few months has been exceptional, stay the course for the result we all deserve.

So the mining consolidation takes another leap with Newmont buying up Goldcorp for $10 billion so that it leapfrogs Barrick Group to become largest gold mining company in the world. DOW opens 215 points lower so more uncertainty in the market. Let’s hope our American friends see the value in ACA after the excellent results. https://www.zerohedge.com/news/2019-01-14/newmont-mining-buy-goldcorp-10-billion-deal-create-worlds-largest-gold-miner

I anticipate a bloodbath tomorrow certainly in Parliament and probably in the markets. The total failure of Government to negotiate an exit over the last 2 years is shocking - my view is that if the civil service had been given clear institutions then they would have done the job even if they didn’t like it. Surely we should have said on day 1 we are leaving on WTO terms but let us now discuss how that position can be improved upon. All the talk is about the economy and NI. £39 billion would have gone a long way to providing tax incentives for individuals and companies - increase personal allowances to £20k per annum for 2 years - reduce stamp duty on house sales to 2% across the board and reduce corporation tax to 10% would have been a great start. And yes put back the £2 billion removed from Universal credit that was removed on its implementation. I think the country would have gone into the new tax year with a massive lift. We would still trade with our European neighbors- they need our trade as much as we need them and as for the constant talk of the EU 27 there are basically 2 or 3 that make any difference whatsoever. Don’t overlook the fact that whilst the £ has fallen 15% exporters have only reduced their effective prices by 5% - why? With regard to NI, I believe this has been blown out of all proportion- there is no way the EU would install border controls, anyone that knows the terrain knows that - but I would not be against a UK referendum to consider the possibility of returning NI to the Republic ( perhaps on similar basis to how Hong Kong returned to China - say 10 or 20 year time) the DUP might like to consider that whilst holding us to ransom. Sorry to rant but just so very frustrated by our political masters.

Well guys these results are excellent - no point me going over each point individually they are all good except than they are 30% down on the previous year which did not have the same problems - if investors don’t realise that they should take their money to a building society and stay there. We all know that the rise will come, these results have put us into a much stronger position to benefit from whatever happens next. For my own part I would like to say well done to everyone at ACA who have kept on doing the job in the background whilst the whole of Tanzania and the market seemed against them - thank you.

Hi Super, despite my reservations you have certainly done well on Oils and indeed Stobart but the game is not over until the fat lady sings. I feel that this could well be the year for commodities but anything could happen between that point and now. ATB

Well O - there is obviously a difference between return on investment and your overall gain or profit on a investment . You have determined the level of investment for which you are getting and predicting a return which from you list should mean you are jumping with joy that you chose ACA. Super will be with you on PMO - it really depends on when your purchased you INDV shares, I note they have ranged from about £5.5 to 75p - currently at c£1.25 so I hope you are on the right side of that one - BT I did hold but fortunately got out a while ago - the brokers are probably with you - UKOG just not for me. You will not need to look back very far to see that I am heavily invested here so my view must be pretty positive. I am showing a substantial gain as things standbut still feel pretty bullish and expect us to reach £4 or £5 on conclusion of the deal with GoT and subsequent buyout but that is just my view if you decide to sell now or at £3 you will have done very well on you investment and a profit is always welcome.

We will agree to disagree on what the GoT can and cannot do with ACA’s mines but yes I do expect a good return but none of the other companies you quote produce anything like the return you are expecting here or even already getting but thanks for coming back.

Hi O, I have to ask, if you think an anticipated return of 252% based on you figures is an ‘ok’ return then where else are you invested where you anticipate a ‘good’ return as I have got to get me some.