Political risk is real......, page-99

Regarding the terrible fundamentals, Acacia now has a tax bill many multiples of its market cap and at a level at which it will not be paid. It can't be paid by Acacia and Barrick would let the mines shut down before paying anything like that amount as the mines would never make enough profit to pay back that tax bill. Despite that, Acacia trades with a market cap well above its cash backing. Fundamentals can be a tricky beast and often deceive shorter sighted investors.

"Technically the outlook is very bearish. First major support on a weekly chart is 10 cents followed by 5 cents."
That ignores the fact that we have a 12c cash backing and another project.
This is a good long term higher risk company especially considering the management coupled with the cash backing. I'm not looking for very short term out-performance until something changes in Tanzania. Acacias market cap suggests the market is allowing for a reasonable chance that change may be ahead.
If not we still have the cash, one other promising but still spec project and management that can find high quality projects at low cost and deliver high returns with a proven track record of doing just that.

This is a stock that could still deliver multiples of upside longer term without Tanzania and would deliver multiples of upside shorter term if the situation in Tanzania improves.