October was good month for gold bugs, but we're surprised by the market’s decision to bid up Acacia Mining (ACA) shares by 16 per cent given the group is still swamped in existential risk.
IC TIP:
Sell
at
155p
Tip style
Sell
Risk rating
High
Timescale
Short Term
Bull points
Rising gold price
Barrick support
Bear points
Management arrest
Dispute with Tanzania
Likely length of arbitration
Cash paralysis