Member Info for BIGBangs

Interesting - the same article also writes, ‘On Friday, Tanzania also announced that it would no longer sign new mineral development agreements (MDAs), which guarantee a stable tax regime for existing mining companies.’ Which seems to acknowledge that existing licenses have this guarantee and therefore the proposed increases already being taken into account will fall away for ACA. The article also goes on to say that 27 companies have expressed an interest in building a sand smelter - good news - I am sure if they build it we would be happy to use it - but I am also sure they will want the revenue generated from the sale of the stock piled concentrate as quickly as possible - it is only cash flow to us it is heat, light, power, roads, schools even food on the table for the Tanzanian people.

I don’t know if it is important but the company may call an EGM (assuming that the proposed deal may require one) with just 14 days notice AGM requires 21 days.

Sorry stock - http://c.newsnow.co.uk/A/940418792?-31747:20621:3

Let’s hope deal announced mid June agreed after EGM mid July!

Sorry actually Minister for Constitution and Legal Affairs

The Citizen confirms minister of mining confirm deal with ACA looks set to be done end of month. He also acknowledged that none of the $300 million agreed payment would be made until after agreement.

Indeed Rebess - that should be the basis for all incentive plans preferably with a tie in period of 2 or 3 years before the options could be exercised - happy days!

RBC reduce target price from £1.7 to £1.6 but confirm ‘outperform.’ You cannot value a company based on one qtr figures - still a solid cash producing debt free company.

Not really any of my business but I thought I might mention that for anyone yet to take up their Stock ISA for the year this might be a good share to switch via Bed and ISA from your trading account - you will crystallise a loss and protect a potential profit.

Very strong buys after the bell. Let’s hope that if we have not already reached the bottom we are close and things can start to get better.

This is just a rerun of old news. I think everyone already knows that some time ago we and other miners submitted a representation to international arbitration outlining the issues with GoT’s arbitrary changes to pre existing agreements - seems to me like a sensible move to register your grievances whilst trying to negotiate the way forward with GoT. The more interesting point is that Anglo Ashanti do not appear to have any current contact/ongoing negotiations with GoT whereas ACA via Barrick are close to announcing a deal.....we hope.

Good find Super - I agree that the shorters must be in the market for another push and I do not believe that there is bad news waiting to come out - the report you have found can only mean that Tanzania are preparing the ground for an agreement that works for investors - goodness knows we have waited long enough.

You can only do what you think is right. For my part I am adding. ATB

Well yes SHG are a much stronger company today having massively cut their costs but whether you think they are doing well or badly depends on the timing of your purchase and I hope that in a relatively short time we will feel that our purchases of ACA was ultimately well timed - doesn’t feel like that at the moment I agree. As you have often commented on your disappointment with ACA - other than with hindsight on how long it took to stop the cash outflow by restricting unsalable production - what is it that you think they have done wrong or could have done better?

Well stock I can see that ACA is currently down about 3p which I don’t pretend to understand but your comment on SHG (which I also hold) is simply wrong they have been struggling to maintain 6p for some time now and although they are hoping to expand their share price has hardly been doing great - down about 50% on year high from memory.

Also worth noting that the $300 million and the 16% steak were part of the 50% economic interest they are aiming for and likely be dealt with over a number years and of course after taking into account any money that we are owed. I remain confident.

Rights issue would be used to raise cash that they don’t need so I think that is unlikely. There is nothing to stop them simply issuing 16% more shares and allocating them to GoT (payment from the $300 million they have already agreed to pay). Also remember we have £300 million of concentrate sitting at the docks and are owed loads in VAT refunds. Personally although I really do not pretend to understand the share price I think this will all be resolved within the sale process. The timeline has been very painful but after waiting this long everything should become clear within the next month so grit your teeth and hold on.

Shorts reduce by c500k shares but share price tests all time lows - I am hoping for deal agreed with GoT and sale to Chinese of Tanzanian assets resulting in share suspension during the next and final month of H1- hold hard.

CS raised their target price to £5.70 with a neutral rating. Currently £5.91 to buy and falling.

Totally agree - figures are still good. Been on the sidelines for a while but this is too good an opportunity to miss. Brought 15000 shares and very pleased with the entry price. Expect a bounce very soon.