tornadotony
22 Feb 2018
News attached from reuters [link]
tornadotony
28 Jan 2018
Short interest Numeric Investors go short on acacia mining 0.52% of all shares. Declared date 23 January.
LINTON5
15 Jan 2018
Results Pretty good I’d say considering the transitioning of bulyanhulu,come on ACA
Emerald Carrots
22 Nov 2017
Why is Acacia up 9%? nm tanzanian Government deal???
tornadotony
20 Oct 2017
Re: Rights issue likely outcome. If the rights issue was 6 for 10 and Barrack bought 50% of the new shares for Tanzania government it would equal 16% and leaves $300M in cash raised by other investors who bought the RI stock at full strike price with no discount. It could work if the Tanzania Government also gave additional mining licences to Acacia, and a regular army unit to protect the Mara mine from incursions and so forth.
tornadotony
20 Oct 2017
Rights issue likely outcome. The only way I can see them coming up with $300M from Acacia is to have a rights issue. Barrack would have to accept dilution and leave Tanzania Government with 16% post RI. A 1 to 1 Rights issue raises $800M. $300M goes to Tanzania Government. Barrack takes $250M back to cover their dilution losses on what they do not take up in an RI. The city investors buy a good percentage of the stock taking a hit. If they go that route the shares would bottom at a pound but gradually rally back up over time. It also requires the export of gold sands to be lifted to make an RI work. The Acacia cash raise repairs the balance sheet to where they were before all the arguments.If existing investors get no discount the price does not fall that much and stays where it is. If they get a discount to buy in the price of the existing holding falls.
walterbloodaxe13
20 Oct 2017
I Give Up Hi All,I have been watching this for a while trying to pick an entry point but "I give up".To me looks like it would be impossible to value this for a very long time. If you were Barrick looking at a total loss any deal is better than no deal but the conditions, new company, £300m gift, more "local ownership" just looks like the Tazanian Government have their snout in the trough.From a far it looks like the big losers will be Acacia shareholders as they get squeezed out of the crumbs by Barrick after the Government have had their fill.Best of luck to those that are down, hope I am wrong for you all.
tornadotony
20 Oct 2017
Wait for the fine print Difficult to value the stock without knowing how a new company would operate. Likely to have new shares and a new name and could have new management. Government to have a say on sub-contracts that support the company. Barrick would still own half. Ordinary shareholders may or may not face a hit with all the changes. How many government employees would also be added to the Acacia pay roll? Perhaps unfair to say if it is now a sell but it looks speculative.
tornadotony
20 Oct 2017
Avoids Court Proceedings So the deal sparked some action.
kolwezimundele
19 Oct 2017
Re: Government agreement Welcome to Africa. Government take a 16% share of the company and 50% (.......???) of revenue in return for nothing. Now the SFO will investigate a case of bribery and send the SP down another 50%....Still the White Man's grave.
Rhino1958
19 Oct 2017
Government agreement Acacia Mining parent Barrick Gold has agreed for the Tanzanian government to take a 16% stake in the London-listed company's three mines in the country and to share revenues.Barrick, which owns 63% of Acacia, has agreed for the company to pay Tanzania a one-off $300m as a show of good faith.Speaking at a press conference in capital Dar Es Salaam, Barrick chairman John Thornton the deal would have to be approved by the independent shareholders and directors of Acacia Mining.Palamagamba Kabudi, Tanzania's minister for justice and constitutional affairs, said: "We have also agreed to have a 50:50 share of revenues between the government and Acacia Mining from all the mines."
appamama
19 Oct 2017
Re: Talks undeway: Crisis resolution The crisis seems to have been resolved with the company paying a lump sum to the government and also giving the Tanzanian government a stake in the company.
appamama
19 Oct 2017
Re: Goes to court Tanzania Excellent timing, TT. A' strong sell' call just the day before the SP jumps 18%. Unfortunately, I missed the call. I would have bought a few if I had seen that yesterday!
tornadotony
18 Oct 2017
Goes to court Tanzania [link]
Damp Seaweed
04 Sep 2017
Re: Price action suggests deal done RNS out .....no deal don
