Acacia mining (ACA) has dropped around 40% over the last month due to issues with the Tanzania Government. This issue relates to claims of gold concentrate in their mined exports. There are some very interesting RNS with regards to this. Is this share now worth an investment? The Stockopedia Quality and Value look good, also, the Piotroski F-Score is a 9.
Any thoughts?
Latest issue of Investors Chronicle has an article on this. To summarise there are still major issues with Tanzanian govt, the question of underreporting is still unresolved and they are still sellers even at today's price.
