Acacia Mining

Acacia Mining

Acacia Mining Socially Speaking

Acacia Mining News, Fundamentals and Discussion on:

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Acacia Mining RNS, News & Media


Headline
21 Apr 2017
RNS press release - Result of AGM from Proactive Investors
20 Apr 2017
RNS press release - 1st Quarter Results from Proactive Investors
18 Apr 2017
RNS press release - Holding(s) in Company from Proactive Investors
3 Apr 2017
RNS press release - Total Voting Rights from Proactive Investors
24 Mar 2017
News - Acacia Mining in talks with Tanzania authorities to lift ban on gold and silver concentrate exports from Proactive Investors
24 Mar 2017
RNS press release - Update on the export of metallic mineral concentra from Proactive Investors
21 Mar 2017
RNS press release - Termination of Discussions with Endeavour Mining from Proactive Investors
17 Mar 2017
RNS press release - Holding(s) in Company from Proactive Investors
15 Mar 2017
RNS press release - Notice of 2017 Annual General Meeting from Proactive Investors
3 Mar 2017
RNS press release - Response to the Ministry of Energy & Minerals from Proactive Investors
1 Mar 2017
RNS press release - Total Voting Rights from Proactive Investors
27 Feb 2017
RNS press release - Maiden high-grade Resource at West Kenya Project from Proactive Investors
15 Feb 2017
News - Acacia Mining rallies as JP Morgan and Jefferies lift target price from Proactive Investors
14 Feb 2017
Media files - Are Acacia shares set to test all-time highs? from Proactive Investors
14 Feb 2017
RNS press release - Correction : Results for the 12 months ended 31.12 from Proactive Investors
14 Feb 2017
News - Acacia Mining doubles dividend as revenues top US$1bn from Proactive Investors
14 Feb 2017
RNS press release - Results for the 12 months ended 31 December 2016 from Proactive Investors
1 Feb 2017
RNS press release - Total Voting Rights from Proactive Investors
19 Jan 2017
News - Strong finish sees Acacia beat gold production forecasts in 2016 from Proactive Investors
19 Jan 2017
RNS press release - Q4 Production Results from Proactive Investors
16 Jan 2017
News - Acacia Mining and Endeavour merger could be "compelling" - analyst from Proactive Investors
13 Jan 2017
RNS press release - Response to Media Speculation from Proactive Investors
30 Nov 2016
RNS press release - Exploration Roundtable from Proactive Investors
1 Nov 2016
RNS press release - Total Voting Rights from Proactive Investors
24 Oct 2016
News - Acacia Mining's turnaround progressing well, says Deutsche from Proactive Investors
21 Oct 2016
RNS press release - 3rd Quarter Results from Proactive Investors
4 Oct 2016
RNS press release - Total Voting Rights from Proactive Investors
27 Sep 2016
RNS press release - Successful restart of operations at Bulyanhulu from Proactive Investors
16 Sep 2016
RNS press release - Operations Update from Proactive Investors
8 Sep 2016
RNS press release - Dividend Declaration from Proactive Investors
5 Sep 2016
RNS press release - Holding(s) in Company from Proactive Investors
2 Sep 2016
RNS press release - Holding(s) in Company from Proactive Investors
1 Sep 2016
RNS press release - Total Voting Rights from Proactive Investors
2 Aug 2016
RNS press release - Total Voting Rights from Proactive Investors
1 Aug 2016
RNS press release - West Kenya Exploration Update from Proactive Investors
22 Jul 2016
News - Acacia profits soar 300% as costs fall and gold price rises from Proactive Investors
22 Jul 2016
RNS press release - 2016 interim results from Proactive Investors
1 Jun 2016
RNS press release - Total Voting Rights from Proactive Investors
26 May 2016
RNS press release - Holding(s) in Company from Proactive Investors
23 May 2016
RNS press release - Holding(s) in Company from Proactive Investors
20 May 2016
RNS press release - Eurazeo: Adjustment of the Exchange Ratio of the B from Proactive Investors
9 May 2016
RNS press release - Conversion Rate for the 2015 Final Dividend from Proactive Investors
3 May 2016
RNS press release - Total Voting Rights from Proactive Investors
21 Apr 2016
RNS press release - Result of AGM from Proactive Investors
21 Apr 2016
RNS press release - 1st Quarter Results from Proactive Investors
12 Apr 2016
RNS press release - 1st Quarter Results and Conference call from Proactive Investors
23 Mar 2016
RNS press release - Correction : Director/PDMR Shareholding from Proactive Investors
23 Mar 2016
RNS press release - Director/PDMR Shareholding from Proactive Investors
16 Mar 2016
RNS press release - Notice of AGM from Proactive Investors

Acacia Mining 3 Month Chart


Acacia Mining Discussion on Interactive Investor

A Question by walterbloodaxe13

  Fri, 21 Apr 2017 16:25:00 GMT

Hi All,

Don't own any ACA but am thinking about it. On the face of it looks like an attempt by the President to create a situation where the share price is pushed down. Then force a sale of 30% of the stock to local's (I wonder who has any money?, maybe the president and his friends). At the same time being able to claim he is doing something to help the locals, and at every stage extract a bribe for each step back to normality.

Any thoughts on the above?

At what price does this become a buy if the above is true?

Responses welcome.



By walterbloodaxe13

Supports lines all breached by tornadotony

  Thu, 20 Apr 2017 14:54:00 GMT

With all the support lines giving way the Fibonacci lines now give 385p as likely strong possible support. There is a gap around the 370-375p that has to be back filled at some point. The real crisis is that Bulyanhulu mine may need to shut down once 100,000 ounces of gold are stored as ore effectively in the production circuit and this could happen in late May. The crisis for Acacia is possibly next month. Mara is not affected and Buzwagi is only partly affected.

Tony


By tornadotony

Re: First quarter results- Acacia trade valu... by Johandesilva

  Thu, 20 Apr 2017 14:48:00 GMT

Do you think TAX going forward will cost around 6.78 British Pounds????

Based on the last RNS that leaves a quarterly profit of about 14.3 British Pounds for a company valued at a staggering GBP1.7billion.

In contrast Pan African Resources earns GBP7m after tax and is valued at 300m (after funding issue for new low cost production).

I obviously know PAF better than ACA.



By Johandesilva

First quarter results- Acacia trade value by tornadotony

  Thu, 20 Apr 2017 07:20:00 GMT

The first quarter results give a bottom range value of 312p up to 374p for a gold price average of 1225 per ounce. At 1280 if maintained through out the quarter gives 371p bottom price to 444p as top end value.



By tornadotony

Export ban re-iterated by tornadotony

  Mon, 10 Apr 2017 12:39:00 GMT

LINK

The ban absolutely sticks on ore and sand concentrated exports containing gold.


By tornadotony

Gold refinery plant tanzania press by tornadotony

  Mon, 10 Apr 2017 12:33:00 GMT

LINK Mwanda.




By tornadotony

Gold eagle sales first quarter by tornadotony

  Sun, 09 Apr 2017 18:33:00 GMT

Sales of gold eagle coins were down 32% from those sold in Q1 last year. March sales of gold eagles were just 21,000 ounces out of 166,000 sold during the quarter. Interest in buying coins and bars is nearing melt price values. I wonder who is the buyer for the gold miners ounces as they deliver to the physical market. The retail market is on life support with very limited demand at the current dollar denominated gold price. The current gold rally is completely divorced from the physical market and this is really bad for gold miners across the board. 2017 is not following 2016 at all in this regard.

By tornadotony

Re: Gold support line breach by shugg1e

  Wed, 05 Apr 2017 21:43:00 GMT

Gold is fine tony

By shugg1e

Gold support line breach by tornadotony

  Wed, 05 Apr 2017 13:56:00 GMT

Second support on gold is around 1241-1242 area. If this does not hold, gold miners are in big trouble.

By tornadotony

Ore issue by tornadotony

  Tue, 28 Mar 2017 19:27:00 GMT

The whole enterprise of smelting has a net value of just 1% after all costs which include environmental safety issues. If a country like Tanzania valued its tourist industry and wild life it would try and develop this area further which is far more profitable with spin off services and industries that give additionality and real economic growth.

The quick answer of course is to have an export ore tax that is equal to $12 per ounce of gold and its paid retrospectively after processing. It would be worth paying $3.6M dollars a year to have an exemption licence and be done with it. The payback on building a smelter takes 20 years and is a pollution risk and quite an awful job for people to go and do. The business case on earnings growth is simply not there. The Professor being dismissed is likely a loss of material wisdom.

To get things done requires working and motivating the best out of others through their free will. A dictatorship approach leads to bankruptcy and usually economic ruin. Soon everyone in Tanzania will do nothing for the President but await his orders and carry them out as inefficiently as possible. In the meantime this is very troublesome for Acacia. The stock has to re-rate to 15PE while this messy issue is going on.

TT




By tornadotony

Magufuli rules by jergen

  Mon, 27 Mar 2017 10:55:00 GMT

27.03.2017 -- President John Magufuli yesterday sacked the Energy and Minerals Permanent Secretary, Prof Justin Ntalikwa.

The State House statement gave no reason for Prof Ntalikwa’s removal, but sources in the ministry said it was likely his sacking was linked to his remarks about the cost of establishing a facility for processing gold and copper concentrates, which were in conflict with President Magufuli’s publicly stated reasons for banning the export of the compounds.

Prof Ntalikwa told Mr Ndugai and his team that it was too expensive to establish a processing plant, adding that it could take time before the country was ready to process concentrates locally.

Mr Ndugai announced the formation of a parliamentary team that would seek to establish how Tanzania could benefit more from its mineral wealth.

LINK


By jergen

Smelting costs by tornadotony

  Mon, 27 Mar 2017 09:29:00 GMT

LINK

Why on earth would a government really wish to take this on.


By tornadotony

Viewing as a TAZ Minister by tornadotony

  Fri, 24 Mar 2017 11:48:00 GMT

From the Tanzanian Government perspective they see gold mine shares of Acacia going up. If it was going down the proverbial swanee, they might believe what the company was saying. As the share price holds up, I can not see any reason why they would be in a hurry. After all Acacia were quite happy to spend a few hundred million merging with another company only a week ago. (Something a TAZ minister would not have been keen on.)

No quick outcome happening here. Roll on to May. Taz government likely to let the market find the solution.


By tornadotony

RNS Huge losses mounting by tornadotony

  Fri, 24 Mar 2017 07:16:00 GMT

They would possibly need a specialist smelter to deal with the ore. Tanzania Government retains ban. Company will need to change operations from end of April to limit losses.

The value of the company needs to go back to 600,000 ounces per year at $1050 AISC per ounce. It is back to $120M profit year company at best which equates to around 432p top end at 1250 gold price.


By tornadotony

Waiting fo 365p by tornadotony

  Wed, 22 Mar 2017 08:23:00 GMT

This share has a long way down to go. Risk versus reward needs to be rebalanced and a PE adjustment required.

By tornadotony