tornadotony
28 Jul 2017
Tanzania violates its own constitution Tanzanian Government now seeking to harass Acacia staff, hold Acacia staff passports, detain staff in police custody until solicitors can get them released. Tanzania is breaking its own constitution in not allowing individuals to work freely for a bona fide employer that has not been found guilty of anything in the Tanzanian Courts.
tornadotony
28 Jul 2017
Latest press article Taz [link]
tornadotony
28 Jul 2017
press article [link] addition Tanzania blocks 20 Kenyan companies trading in Tanzania as they open up a trade war.
onedb1
27 Jul 2017
Re: insider trading? Torna, I agree . This vol was my limit day vol. so imagine how shocked I was today . In normal circumstances I would have closed out scaling my position or waiting for low vol to close . This flushed me out lol. Over 6 months shorting this I can't complain . If markets get jittery current profits will help me short loads of fuzzy tech valuations . I sense a move from growth to value may happen if we get a drop this year in equities . For the fundamental investors out there , CAPE on the S&P seems so high to me . I can afford to be patient and time my next trades .
onedb1
27 Jul 2017
I got stopped at 180 today Sadly as it hit my limit volatility for 1 day . I think that all in all this has been my best ever shirt . From just above 500p to 180 . Can't complain . Only have 1 short left in the market now and that is on Foxtons . Needless to say I may go short again, chart is appalling . Will post if i do . But put for now
tornadotony
27 Jul 2017
Acacia behaving like bit coin It is a binary event next week. Some folks brave enough to take a 50/50 chance. In some regards like bit coin. Cryptocurrencies can also go bust overnight. That said Acacia has Kenyan assets which the Taz President can not seize.
shugg1e
27 Jul 2017
Re: insider trading? Tanzanian president?No reason as such for this rise
tornadotony
27 Jul 2017
insider trading? Something is up. This is huge volatility.
shugg1e
27 Jul 2017
Re: All or nothing meeting next week Agreed this will not end favourably for this companyIts a case of yet another dirty bent African dictator thats probably running low on money and looking to steal it from somewhere to enhance their own selfish well being not really caring about the people they are supposed to represent and anyone else for that matter.This is going to totally kill any investment into Tanzania I see Shanta gold has been crushed as well on the back of this.Low base support its the last chance to stop these falling into oblivion not worth the risk in my view.
tornadotony
27 Jul 2017
All or nothing meeting next week Barrick CEO to meet TAZ President next week.Two outcomes are possible. The first is that no agreement is reached and Tanzania Government is to seize the Acacia mines on direct orders of the President. The second is somehow Barrick get some kind of settlement, we get to see the net damage to Acacia and they survive and can export gold sands as well. My bet is that Magufuli will seize the mines as he has put himself into a corner. It will then go to an International Court and the row will go on for years. The Canadian government need to back up Barrick but I bet they won't bother. TT
tornadotony
26 Jul 2017
FTSE 250 Promotion /Relegation link [link] speaking if Acacia drops to around 130p it would be most likely relegated from FTSE 250.
kolwezimundele
25 Jul 2017
SFO The SFO takes it upon itself to investigate Barclays, PFC, AMEC and now RIO but has nothing at all to say about what is happening in Tanzania. Seems fraud, corruption and lies are only bad if committed by a UK company, not against a UK company. How the Chinese must laugh at the British manner of 'supporting' its industries. Imagine the outcry if the UK government was doing this against an African company.
tornadotony
25 Jul 2017
Company still holds Kenya assets I do not think the Tanzanian Government can seize the Kenyan assets. The company therefore stays above 35-40p.
tornadotony
25 Jul 2017
Likely to drop from FTSE 250 Likely to be an AIM share in a few months time if it still exists.
onedb1
24 Jul 2017
Shugg1e was also spot on must add that to my post. Must say that Tanzania's government has gone mad in my view. Demanding that amount of tax is only going to destroy a good firm and employment . Certain countries never learn and will keep on making the same mistakes over and over. Bless. Am also honestly sorry for those who may be carrying a loss here. I know that feeling too.
