wookie77
29 Aug 2017
Re: Price action suggests deal done $450m uk government grant to Tanzania announced today. Cant see that happening if there was a genuine threat of repatriation of assets.....
massmid
29 Aug 2017
Re: Price action suggests deal done Reaction to the gold price
tornadotony
29 Aug 2017
Price action suggests deal done Looks like Acacia and the government must have a deal being made otherwise it would not be this high.
appamama
28 Aug 2017
Re: Likely to seize Bulyanhulu Comparing the Acacia situation with the US government, the acacia mine shutdown and the US government shutdown (due to debt ceiling) are both about 4-5 weeks away. Surely, the US shutdown will be much more spooky for the markets. Will the politicians try and resolve it soon enough to avoid a cliff-hanger? The answer is no. Nobody can make good money if situations get resolved well in advance of reaching a cliff. The real money is in letting the situation deteriorate long enough. The resolution then leads to a tidy sum for some.
tornadotony
24 Aug 2017
Likely to seize Bulyanhulu Tanzanian Government is waiting for Acacia to close Bulyanhulu for them to seize the mine. Likely to pursue what is left of Buzwagi mine later on. Mara virtually under a siege needing police to protect it. Barrick have no where to go to help Acacia on all of this. Mine is 5 weeks away from total shut down. Clock is ticking down here.
onedb1
18 Aug 2017
Re: I got stopped at 180 today Thanks T I vaguely follow fundamentals and news flow . Perverse as it sounds to many know. Helpful to know and interesting but my original 500ish short was only based on TA LOL. Am going to wait and see what price does now am neither long or short at the moment Many thanks for the info. Crazy story this Acacia Mining. I do hope it resolves the situation though . In principal I prefer to go long stocks not short. All the best
tornadotony
18 Aug 2017
Re: I got stopped at 180 today Just responding to your note by saying that Bulyanhulu shuts down in 6 weeks. Politicians have whipped up rioting outside of the Mara mine and police had to break it up. Acacia has been accused of stealing Mara land and politicians are inciting criminal damage against Acacia and potential violence against the workforce in the Tarime district. The whole issue is coming to a climax. I am not sure how Magafuli can unwind this situation as he has created so much tension against the company .All to easy for politicians anywhere to create hatred. It is a lot harder and longer to establish and maintain peace.
onedb1
17 Aug 2017
Re: I got stopped at 180 today Doesn't seem to have moved much since my stopped short in July ( over 320 points gain for me there ) Still wondering if this will stay at these levels for ages now My biggest short profits on a single stock I think . At least from a technical side this was executed well . I don't get too nervous on longs but shorts really can get me very nervous, as Gap ups make shorting very expensive . ----For the BULL case -----( sorry to discuss just the technicals here ) ( fundamentals next time maybe) I'd be looking at that price vs 20 day moving average crossover and then the 50 and 100 . The formation reminds me of the IGG chart I so much discussed on that BB post the crash . Did rather well there. IF I had to hope for a good scenario here, I'd be wanting to see a good congestion area being formed with a defined rectangle / channel of say 165 - 185 , the longer the area stays the better, it could be weeks or a couple of months patience here . So staying patient you wait for the channel to break out . That will be the catalyst of your next trade decision IMO . And in theory the longer the pattern the better the breakout target. Look at IGG chart for parallel I also use 165-185 as an example ( not being precise ) 152-207 is closer to the 2 extremes post crash.Happy trading onedb1
tornadotony
10 Aug 2017
From RBC [link]
shugg1e
09 Aug 2017
Re: Now up 10%. Why? nm Great little short that today
tornadotony
09 Aug 2017
Now makes sense Okay it looks like a fund decided not to hold a short position so hence no RNS. Quite possibly a million short was closed off and hence the big short cover rally. This probably will have an up day but more in line with expected moves on gold etc.
Emerald Carrots
09 Aug 2017
Going down. Some rumour that was bull I expect.
tornadotony
09 Aug 2017
Re: Short tracker positions closed [link]
Emerald Carrots
09 Aug 2017
Re: Short tracker positions closed How do you know that?
tornadotony
09 Aug 2017
Short tracker positions closed Acacia short tracker positions collapse to zero.
