Shanta Gold Share Discussion Threads

[338] 18/3/2019 10:39

AG, focus your energy to look forward... SHG can only get better from here :)

[jc2706] 18/3/2019 10:31

Nope. I think that it does matter. You think it affects cash.

[hazl] 18/3/2019 09:44

Chuckle ....keep trying.

[338] 18/3/2019 09:28

not greedy AG... it's very natural that SHG will come out of AIM and joining FTSE 250 with market cap £0.5B+... that's where I will earn my 45p target... :)

[goodgrief] 18/3/2019 09:01

Shanta also presenting in London on 10th April.

[juju44] 18/3/2019 08:50

Need a further lift here or we will have a double top

[qs99] 18/3/2019 08:33

Here we go nice start to the week

[jc2706] 18/3/2019 08:33

I doubt it. Investors are always hoping for significant news items before these events and the only ones that tend to give it are the tiny minnows that are desperately trying to raise the profile of the company. I suspect that Shanta has a timetable of likely news items and this is independent of these events. Of course, there is always the possibility that the two occasionally intersect!

[redhill] 18/3/2019 08:32

JC2706

Don't know about putting a toe in the well. Can't we just drop AG in a well ! :0 )

[338] 18/3/2019 08:29

some indication of big news might be revealed in this event? or RNS in the morning tomorrow...

prepare the rocket... ten bagger rewards :)

===
ShareSoc Growth Company Seminar in Birmingham, 19 March 2019
Featuring: Shanta Gold...

hxxps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-birmingham-19-march-2019/

[jc2706] 18/3/2019 08:19

Redtrend,

You are hereby authorised to use the term 'Meanwhile, in the real world....' or derivations thereof without the need to acknowledge my copyright (which, of course, I don't have).

One day AG will understand what depreciation is (I thought that he had got it but it would appear not). I didn't even venture towards 'technically insolvent' in the past because I thought that would be too complex for him but when he shows a clear understanding of depreciation, perhaps we could dip a toe into that as well.

[redtrend] 18/3/2019 08:08

Hazl - to add to this, a department of the UN recently issued a report on Tanzania showing that Foreign Direct Investment (FDI) has completely collapsed since Magufuli took power.

Things take time but these policies are only now hitting home and showing up in the stats. If the Government believed it would normalise, it hasn't, it's getting worse.

The ACA deal, if it does happen, will allow the Government to save face and use that news to reverse other policies that have completely failed. They need FDI and the only way to do this is change policies.

Based on some small concessions to date, it feels like a reversal of policy is beginning.

[338] 18/3/2019 08:05

but negatively for AG ... lol

[hazl] 18/3/2019 08:00

as previously posted they are worried that this is not working for Tanzania so I wonder if things might change positively for us.

[338] 18/3/2019 07:45

referring to the below news, it's imposible for Tanzanian Government to further increase the tax rate... so it can only stay or reduce... imagine how much cash will be generated by SHG if the tax rate is reduced by 10%?

VAT refund is overdue .. or should stop for the next batch of sales


hxxps://www.tanzaniainvest.com/mining/mining-taxes-highest-in-the-world

Using an Excel-based economic model that they developed for this analysis, the authors evaluated the impact of the fiscal regime on a number of hypothetical large-scale gold projects.

The result is that on a gold project with development costs of USD 420 million, per unit operating costs of USD 600 per ounce and a gold price of USD 1,300 per ounce, the average effective tax rate would be 74%.

This makes Tanzania the most taxed mining sector in the world, followed by Guinea (61%), South Africa (59%), Ghana (58%) and Chile (48%), Peru and Western Australia (45%), Zambia (44%), And Kyrgyzstan (39%).

[hazl] 17/3/2019 16:08

Or perhaps you are more blinkered than you know?

Who knows?
I guess time will tell.

[hazl] 17/3/2019 13:42

Have you written to the institutions and told them all this?

I guess they have the luxury ofemploying their army of researchers, that might beg to differ.

[juju44] 17/3/2019 09:08

This thread is now ridiculous . I rarely visit and am always disappointed when I do . Be nice if someone could start another thread