Investor Relations Home
Welcome to African Consolidated Resources PLC Investor Centre. Here we aim to provide current and potential investors with access to historical and up-to-date information, including the latest share price, announcements and annual reports, along with other financial related materials and tools.
ACR began with a focus on gold in Zimbabwe. The strategy rapidly evolved to a multi-mineral approach and now encompasses the acquisition and development of a diversified portfolio of mineral holdings in Zimbabwe with prospects in Zambia and Mozambique. Such acquisitions and exploration when measured against global comparatives are expected to be extremely cost-competitive. To achieve this whilst simultaneously managing risk, the Company has assembled a dedicated and professional team with extensive experience in Zimbabwe and mineral exploration. Having already achieved success with its strong gold assets, ACR has accumulated signficant PGE-related ground, has identified and procured properties strongly indicative of nickel and others showing kimberlite/diamond prospectivity. The diversification of the portfolio inherently manages risk by limiting exposure to a single commodity price.
Marange Project news:Following the announcement of ongoing dialogue with relevant parties on 2 July 2007, there have been no further developments with respect to the hearing in the Zimbabwe High Court of its civil action in order to recover the Marange deposit. The directors remain hopeful of a lasting, mutually beneficial agreement with the Government of Zimbabwe which will provide genuine wealth creation to the country and the company.
Should there be a successful outcome to the Marange issue then the Company will aggressively pursue the exploitation of that deposit as a priority.
Should there be an unsuccessful outcome to the Marange action, then there is a possibility that the Company may itself be the subject of a charge under Zimbabwe law for illegal possession of diamonds. Whilst the Company has taken legal advice and is comfortable that such a charge would be without foundation, it is an illustration of the potential risks of the environment in which it operates.
The Company would like to re-iterate that at this point there can be no certainty as to the outcome of the civil action or any agreement on the ownership and operations of the Marange deposit prior to that action. Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.
Outlook:
- Work progressing on our portfolio of existing and new projects
- Continuing buoyancy in metals and commodities markets fuelled by consumption and development of China and India
Share Price
11.00p
change of
-0.75p
at 19:54
on 23/7/08
Share Price
Gold AM Price:
$934.75
[$-38.25]
on 23/7/2008
Gold PM Price:
$926.5
[$-35.0]
on 23/7/2008
Platinum AM Price:
$1778.0
[$-99.0]
on 23/7/2008
Platinum PM Price:
$1771.0
[$-94.0]
on 23/7/2008
Stock Market Announcements
Information on this page is updated via a feed from the London Stock Exchange's Regulatory News Service.
- 21/07/08 - Final Results
- 30/05/08 - Statement re Total Voting Rights
- 23/05/08 - Statement re Holding in the Company
Click here for more announcements
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