Yes Acacia has seen the writing on the wall and is leaving Tanzania. I don't think you can read into the price Acacia is accepting what the value of the project is - they are a distressed seller dumping and running. The value of the project will be what ORR can get a new partner approved of by the Tanzanian government to pay or what they can sell the entire project.
The really interesting question is how far along the negotiations with the government and/or a new partner are. Things might be about to move quickly. The one thing we can be sure of us retailers will be the last to know - the tree shake 10 days ago was not a co-incidence.
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