CAN ANYONE EXPLAIN WHY BARRICK GOLD AND ACACIA MINING ARE FALLING TO PIECES?

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BARRICK GOLD SHARES
July 2016       –  around  US$     22.30
August 2018. –  around  US$    09.80

ACACIA MINING SHARES
August 2016  -  around  GB£  600.00
August 2018  -  around  GB£  109.00  

We are NOT happy about this because it is is in our interests for these companies to be successful so that our people have employment and our country receives VAT, export royalties, Levies and more!

So, who can explain why these companies are falling to pieces?

AND – WHY SHOULD THE CHINESE BUY ACACIA MINING WHEN THERE IS SO MUCH DIRTY LAUNDRY IN THE COMPANY ?

Almost ALL the senior management have run away from the company:

Gary Chapman         -  Manager of North Mara Mine
Katrina White           -  Head of Legal
Kelvin Dushnisky    -  Chairman of the Board of Directors
Brad Gordon            –   Chief Executive Officer
Andrew Wray           -   Chief Finance Officer
Mark Morcombe       -  Chief Operating Officer
Peter Spora               -  Head of Discovery
Deo Mwanyika          –  Vice President and  Mr. Fix-It in Tanzania

Kelvin Dushnisky – a big problem for Tanzania all the years ran away from Acacia which we were all happy about BUT then we found he is coming back into Tanzania via AngloGold Shanti !!!

This will be more problems and we will write separately about Kelvin Dushnisky – God help us!!

Samantha Cole
Tanzania Business Ethics