RE: WHAT INVESTEC have said.31 May 2017 16:33
mick-b -- TY for the Investec info - as we all suspected "We are not dealing with a rational government" - ACA is now faced with a lengthy and costly legal fight to get it all sorted out. I think the Tan President may be trying to seize all the assets of foreign companies and "Africanise" them. Looming in August is the requirement for Tan citizens to own 30% of all foreign companies. To comply ACA will have to have a share fire sale or giveaway - just to add to all the other problems. I have cashed in my shares and will wait on the sidelines to see whether ACA has a future in Tan or will just pull the plug and re-locate to Kenya.
If all goes well - and we get a RNS favourable to ACA I can always buy back in when the SP is back up to 300P or more !!
GL with your own plans