Shanta Gold Share Discussion Threads

[redhill] 22/5/2019 15:56

Simple jasper2712. GOT should have set up an escrow account to hold monies due but they didn't.
If you look at the article i posted at the weekend it explains what has happened and basically no provision was made in the 2018/2019 tax year for the outstanding monies.
Too strong to say stolen but long overdue being refunded.

Sort out Acacia and use the fines to start the ball rolling with the VAT refunds.

[jasper2712] 22/5/2019 15:45

Why should we have to wait for the ACACIA problem to be resolved. The VAT has been "stolen" from all these companies and it should be paid back now . This has been going on for far too long and more pressure needs to be brought to get them to refund this seized cash!

[redhill] 22/5/2019 15:18

Well the question is how much is Acacia worth with these massive fines hanging around its neck.Be worth doing the deal with Barrick because at present they up a blind alley with no where to go.

Pay the fines and get the VAT refunds sorted.

[redtrend] 22/5/2019 10:59

I guess you are completely clueless about seizure rights and their enforcement when it comes to arbitration and the fact when the Tanzanian Government lost a previous case, a brand new Bombardier plane was seized in Canada due to be delivered to Tanzania Air.

The plane's resale value is likely worth far more than the $38m owed.

There are multiple examples of International Arbitration working time and again when government assets can be seized outside of the host country and bank accounts frozen.

It's a last ditch resolution as of course your assets in-country would be seized in retaliation. It's the "nuclear" option when all else fails.

Even Acacia aren't at the nuclear option yet, but it appears to be getting closer to that stage being screwed by both Barrick and the Government.

[redtrend] 22/5/2019 10:02

It's terrible for ACA shareholders too, although that's all down to Barrick offering circa eqv. £1.50 per share, not the Tanz Government.

The offer is derisory and I can see big minority shareholders like Odey taking them to task and even taking them to court, if such an acquisition was to go through. I can't see this going through unless Barrick offer significantly more.

So unfortunately I can't see this being resolved anytime soon and if the Tanz Government overplay this hand, international arbitration would loom.

[jc2706] 22/5/2019 09:56

QS99,

I wouldn't call the Huawei situation 'normal'!

[qs99] 22/5/2019 09:40

no different from the Huwawei furore surely? Or Govts blocking foreign takeovers? GoT have obviously lost all faith/trust in ACA management so someone else (related) taking over makes sense IMO

[jc2706] 22/5/2019 09:34

Agreed. Certainly not your normal course of events. It has, however, been obvious that the relationship between Acacia and the GoT has been broken for some time and that there has been a perceived historical wrong (with some justification).

Of course you cannot preclude the possibility of this government picking on the next company and the next but I think to make that leap is not justified currently. After all, the resolution still appears to be foreign ownership although there is to be 'sharing of the benefits' (we will need to see precisely what this means once the final deal is revealed).

[nav_mike] 22/5/2019 09:21

Much as I am loathe to even inhabit the same planet as augy, I must admit that the taz govt deciding who they will settle with does seem dangerous.

[qs99] 22/5/2019 08:45

Interesting development as may mean resolution, BG buy ACA, do deal with GoT etc etc

[redhill] 22/5/2019 07:47

I note Acacia is in play with Barrick.

[redhill] 20/5/2019 15:36

Not quoting me to buy more than 15000 at present.

[carlsagan1] 19/5/2019 17:29

fair enough augustus, who is hb?

[redhill] 19/5/2019 15:27

cpapman

Yes and we all know how long these projects take to reach fruition.All the fund raising and 10 years before any divi is paid.

[carlsagan1] 19/5/2019 15:09

augustuss, whenever i see one broker claiming they get better than the other, i look at the order book and it shows every1 paying the same price all barring the one of trade cost(usually £5 or £10)

[cpap man] 19/5/2019 13:56

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[redhill] 19/5/2019 13:37

Found this article interesting. December 2018 so quite recent.

[redhill] 19/5/2019 13:37

Yes i use Barclays.

[redhill] 19/5/2019 13:07

I don't suppose you will get it much cheaper than £5 with no other fees.
That sounds a real bargain.