Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.625p 3.50p 3.75p 3.75p 3.625p 3.75p 514,337 11:45:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 86.8 -3.5 -1.2 - 27.77

Shanta Gold Share Discussion Threads

Showing 31526 to 31549 of 31550 messages
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DateSubjectAuthorDiscuss
27/7/2017
08:41
is that a bounce up today DCB
edjge2
26/7/2017
22:15
ag Self explanatory but they haven't so are still bound by it. Why are you always so negative ?
redhill
26/7/2017
21:59
Redhill, and Tanzania can give notice to withdraw anytime they like. I am sure that the 30% steal was in place before 2012.
augustusgloop
26/7/2017
21:49
Re treaty I see no mention of USA.
edjge2
26/7/2017
20:51
That's because South Africa gave notice to withdraw from 2012.
redhill
26/7/2017
20:18
harry, none of that seemed to apply to South Africa - where they 'stole' 30% of the mines. There are plenty of cases where locals have appropriated the assets -- I can't think of any where the international agencies have successfully defended share holder interests.
augustusgloop
26/7/2017
20:15
Very interesting article.I see that the UK , China & Tanzania are party to the treaty.
redhill
26/7/2017
18:01
legal view http://www.kwm.com/en/au/knowledge/insights/tanzania-natural-resources-mining-legislative-reform-changes-20170710 Bilateral Investment Treaty Protection One question that arises as a result of the new legislation is whether the amendments amount to an expropriation of assets of foreign investor contrary to the provisions of a relevant Bilateral Investment Treaty (BIT) or individual agreements between foreign investors and Tanzania. Tanzania has Bilateral Investment Treaties with a number of countries, including the UK, Germany, Sweden, the Netherlands, China and Mauritius. These Treaties all contain a provision to the effect that the investments of nationals of the Contracting Parties shall not be nationalised, expropriated or subjected to measures having an effect equivalent to nationalisation or expropriation unless there is adequate and effective compensation. Normally, BITs provide that this compensation is measured by reference to the genuine value of the investment immediately before the expropriation event. The provisions of the new legislation requiring a grant of a 16% free carried interest in the share capital of resources companies without any compensation are likely to constitute a breach of such provisions. Additionally, the new provisions that grant the State a right to acquire a 50% interest in resources companies may also constitute a breach of the anti-expropriation provisions of a Bilateral Investment Treaty or specific investor/State agreements if the compensation payable is less than fair value. As noted above, the formula for payment of the additional 50% interest is very vague and seems to relate to forgone tax revenue. The unilateral expungement of so-called “unconscionable terms” of investor/State agreements may also constitute a breach of the anti‑expropriation provisions to the extent they abrogate valuable rights of the investor. Many resources companies choose to structure their investments in African jurisdictions, including Tanzania, in a way that enables them to take advantage of a Bilateral Investment Treaty and the relevant provisions preventing expropriation without appropriate compensation. For those companies that have had the foresight to do so, it may be possible for them to recover: the value of the 16% free carried interest they are forced to grant to the State; and/or any difference in value between the fair value of any 50% interest transferred to the State and the amount paid by the State for that interest, by bringing proceedings under the relevant Bilateral Investment Treaty provisions. Under the Bilateral Investment Treaties that Tanzania has entered into, these proceedings must be submitted to the International Centre for the Settlement of Investment Disputes (ICSID) pursuant to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States 1965. Specific investor/State agreements may also provide that investment disputes are to be submitted to ICSID for determination. This Convention provides for independent international arbitration in a neutral venue outside Tanzania. As noted above, there is a real question as to whether the amendments introduced by the Tanzanian Government purport to prevent referral of an investment dispute to ICSID arbitration. Critically, consent to ICSID arbitration (including, for example a clause in an agreement with the State of Tanzania agreeing to refer certain disputes to ICSID arbitration) cannot be unilaterally withdrawn. If a Claimant is successful in obtaining an award against the State of Tanzania the award can potentially be enforced against the assets of the State of Tanzania held in other countries that are signatories to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958, for example bank accounts, real property assets and other assets. We suggest that this is a potential remedy that should be considered by companies affected by these changes in Tanzania, as well as their financiers and investors.
harry vederci
26/7/2017
17:28
China will not be building the infrastructure for free, no-one said they would and you know it. Exim Bank of China funding for East African infrastructure projects will however be available particularly for Governements that have chosen to re-align themselves away from the old colonial powers and also have natural resources that China values. They could pop over the border for a chat with Magufuli after checking up on the latest developments at that shiny new railway they helped the Kenyans with. Who knows, perhaps they already did?
tomrob
26/7/2017
15:52
scenarios possible, Barrick biding time with ACA. Price a 1/4 of peak here and gold likely to rise gloriously as economies malfunction, wars come and ability to rise rates dissolves.
edjge2
26/7/2017
15:21
And the Chinese wont be worried about the same thing happening to them?? I dont think so....Zimbabwe a prime example...
wookie77
26/7/2017
15:02
There is no suggestion that mines will be nationalised or Shanta's mine being taken away but hey ho you have it all worked out. The bogey man Chinese will come in & build the infrastucture and all for free.
redhill
26/7/2017
14:54
REDHILL 26 Jul '17 - 11:37 - 24666 of 24668 0 0 If he takes the mines its goodbye to inward foreign investment. Not from the Chinese it won't. They will not care what the provenance of the mines is, when he offers them these 'nationlised' mines they will take it. Look elsewhere in Africa, the Chinese buy up resources then build the infrastructure; railways, roads, docks to get it out. El Presidente will look pretty good with all his countries mines repossesed and a new deal with the Chinese with shiny new roads and railways for the voters to use.
jungle jim
26/7/2017
12:55
http://www.edisoninvestmentresearch.com/oils-blog/entry/killing-the-goose-that-laid-the-golden-eggs?utm_campaign=853686_Edison%27s%20daily%20research%20summary%20260717&utm_medium=email&utm_source=Edison%20Investment%20Research%20Limited&dm_i=2PWO,IAPI,2GNG1V,1WTKP,1
ohisay
26/7/2017
11:37
If he takes the mines its goodbye to inward foreign investment. He wants the mines to contribute more towards the economy. What i do find odd is why haven't Barrick Gold sent in a negotiating team yet .
redhill
26/7/2017
11:34
Redhill. >>> "so compromise must be on the cards." Does this sound like compromise? Magufuli speaking in Singida (ring any bells?) today: "Tanzanians are being cheated out of the country’s mineral wealth and should take more control of their natural resources, President John Magufuli said. Investors in Tanzania’s mining industry have “stolen” from the country by failing to provide a fair share of the revenue they generate from gold and other minerals, Magufuli said in a speech in the central region of Singida on Tuesday. “We are surrounded by wealth; we have to stand up and protect it,” he said. “It shouldn’t happen that we have all this wealth, sit on it, while others come and benefit from it by cheating us.” https://www.bloomberg.com/news/articles/2017-07-26/tanzania-should-take-more-control-of-mine-wealth-president-says >>>> "What they may want & what they get is totally different." So you seem to think that Barrick (ACA) holds the whip hand over the TG? How much more obvious can Magufuli make it that he's on a mission to take back the mines from the Western companies that are operating them? Might is right applies.
stevea171
26/7/2017
11:32
The miners won't be laid off if/when Tz government appropriate the in country operating companies that own the mines in return for not pursuing the European/Australian holding companies for the back taxes they 'owe' and if you think the Chinese won't be prepared to provide mine engineering expertise and investment in infrastructure in return for favourable access to the output of Tz's extractive industries then you'll very likely find out you're wrong in due course. I'm not invested here but I do have an interst in Shanta succesfully navigating this situation however I have very little hope that they will. I find it hard to believe that anyone is suggesting that Shanta is investable at any price.
tomrob
26/7/2017
10:45
ag That's the worst possible scenario although i don't believe for one moment they have the technical expertise to run one. What they do want desperately is foreign investment into the country as they want to industrialise. If they take over Acacia's mines they are stuffed.What they may want & what they get is totally different. Don't forget the country invited mining companies in to develop their resources in the expectation of high revenue through royalties & taxation. Generally speaking it seems to have worked for them but there is this nagging feeling that they are not getting enough. Magulfi won't be too popular if all these miners get laid off so compromise must be on the cards.
redhill
26/7/2017
10:22
No, they have not made a mistake. They don't want the position clarifying. They don't want extra tax revenues. They don't want a better deal. They want the mines to be owned by black Africans - not white Europeans. They believe that the gold in Tanzanian ground is the property of the Tanzanian people - and that the mines should be in their possession for eternity. They don't want the money for back taxes -- they simply want the mines. They know that the tax cheating was nowhere near $40bn -- and they don't care.
augustusgloop
26/7/2017
09:21
In the Times it says that Acacia total revenue from the mines in question is $9.4b since inception. TG GDP is $46b. Do you think the claim of $190b should really be million ;-)Cheers,Niels
nielsc
26/7/2017
09:18
yep , could prove to be a great bet at these prices.
juju44
26/7/2017
07:57
Probably if Helio shareholders approve. Not sure if they will get a better offer !
redhill
26/7/2017
07:22
Will the acquisition of Helio still go ahead?
dontbuuy
25/7/2017
16:43
25 Jul '17 - 13:02 - 24650 of 24656 0 0 (Filtered) stevea171 25 Jul '17 - 13:24 - 24651 of 24656 0 0 (Filtered) REDHILL 25 Jul '17 - 13:34 - 24652 of 24656 0 0 (Filtered) augustusgloop 25 Jul '17 - 15:11 - 24653 of 24656 0 0 (Filtered) REDHILL 25 Jul '17 - 15:17 - 24654 of 24656 0 0 (Filtered) augustusgloop 25 Jul '17 - 16:31 - 24655 of 24656 0 0 (Filtered) juju44 25 Jul '17 - 16:42 - 24656 of 24656 0 0 (Filtered)
johnrxx99
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P:41 V: D:20170727 12:55:58