Remember the Tanzanian assets aren't everything, so think about the value of everything else minus Tanzania and think that's a fair value. Seems to be becoming more of a bargain
Instead of the best people for the job they get in locals who no doubt will be corrupt and incompetent. Understand why but not good news. Africa is best avoided, would only ever do a quick in and out trade in anything connect to Africa.
Just requires patience reckon this will come good. Scsw mentioned this a while back and had to declare an editorial holding which I see as an endorsement
I was thinking of getting in to ACA on the day of that rns, was expecting a big drop on the news they couldn't export concentrate and would be stockpiling and possibly stopping production. But there was no drop and it rose on such terrible news???
Well in my book making 20% is a target which I did. I believe this will go much higher but not yet. The rns is good but feel it doesn't have enough detail in it and it will retrace to some extent at which point I'd look to buy back in and do the same again. If an amazing rns came out would stay in and go with it, but always chance of missing the boat.
Sold this morning, will look to buy back in when drifts back down again. Am sure it will go much higher in future but cant see much of substance in this rns.
I follow all the goldies every day and can't understand why HOC is currently down a little more than ACA which has had a terrible rns today. Looks so manipulated all the time
There's been a lot of after market activity in a lot of shares today.....what's occurring? Others I follow CEY 67k trades 1.6M UT, ANTO 1.3M trades 7.2M UT, KAZ 908K UT, FXPO 115K trades 677K UT, ALL VERY HIGH