Shanta Gold Share Discussion Threads

[echnaton1] 31/5/2019 12:12

When looking at hxxps://resourcegovernance.org/blog/magufuli-seeks-right-balance-tanzania-mining-fiscal it sounds as if export of gold doré is not considered an activity which entitles a VAT subject to a refund; in other words the input factors which were subject to VAT will be deemed to have been for the companies own consumption and thus that VAT can not be recovered. One can argue about whether that is reasonable or not but if that is the lie of the land it seems pretty hopeless to hope for a refund. It would not even be a question of the authorities being difficult but they would be formally correct not to pay. The VAT on the input factors may need straight expensing rather than including the open balance as an asset. Does anybody have indications that this is not so? If it is true then the company needs to adapt its accounting accordingly.

[338] 31/5/2019 11:09

The gross debt keeps reducing

[redhill] 30/5/2019 16:30

AG

Yes but you believed we would need a rights issue every year for the last 3 !

[redhill] 30/5/2019 12:21

QS99

News on a VAT refund. Anytime but probably dependant on Acacia & Barrick being sorted out.( Mid June onwards)

Update on the exploration of the Lupa Gold Fields . Sometime before the end of June.

Drilling update .Hopefully by the end of June but not definite.With life of mine extension expected July.

Quarterly production numbers. 3rd week in July.

[qs99] 30/5/2019 10:01

When are we expecting any new updates from SHG?

[redhill] 29/5/2019 09:15

Yes what a pillock !

Might have actually garnered some information as i have posted some informative links as to what is going on with Acacia.

Still post 30132 makes a great thread. Nothing to discuss or argue about.

Perhaps he got bored there were no posts for 5 days !

[johnrxx99] 29/5/2019 08:40

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[redhill] 24/5/2019 22:38

No,no,no.I refuse to entertain such a ridiculous assumption !

[redhill] 24/5/2019 21:31

Yes but really. $500 m to the officials ?
Barrick could not entertain that.

[jasper2712] 24/5/2019 21:18

The 2018 CPI (Corruption Perceptions Index ) draws on 13 surveys and expert assessments to measure public sector corruption in 180 countries and territories, giving each a score from zero (highly corrupt) to 100 (very clean).

Tanzania came in at 99 th most corrupt on the list of 180 countries

36 score for 2018
36 " " 2017
32 " " 2016
30 " " 2015


So based on this they are getting SLIGHLY LESS corrupt. Their politicians are the same as ours -say one thing -do another!


The UK was 11th on the list with Denmark being the No.1 most honest and trustworthy to deal with.

[redhill] 24/5/2019 19:35

I think you are wrong about the bungs. I think the problems before may have been caused by bungs but this government elected on an anti corruption platform have had enough of the way Acacia have operated.

[redhill] 24/5/2019 13:59

It would appear they have upset a few too many people over there and there appears no way back.

[redhill] 23/5/2019 23:06

At the end of the day if we cannot manufacture goods to sell at a price at least on a par with foreign manufactured goods which have to be imported then there is very little we can do except impose tariffs.
This unfairly imposes extra costs on the consumer.

If every country stopped buying foreign made goods how would that help ?

I'm not sure what Oxford Universities have to do with anything but they do tend to take the brightest pupils and it often the brightest pupils who are more successful & rich in later life.

[redhill] 23/5/2019 17:56

I'm still confused about the grooming gangs that AG lets roam in his neck of the woods !
They can only exist if the local population lets them and that's you !

[redtrend] 23/5/2019 17:20

Again this concentration of wealth in the top 0.1% is global, not UK specific.

Is the Alumni of Oxford Uni to blame for the regression to Victorian-age levels of in-equality between the haves and have nots across the globe?

And how is leaving the EU or protectionism the answer, if all major players on both sides went to Oxford?

Please don't tell me Corbyn and Abbott is the cure?! He didn't go to Oxford Uni so that's a tick in your box... although he didn't go to any uni