Shanta Gold Share Discussion Threads

[jc2706] 20/6/2019 08:02

Fantastic grades this morning and suggests that there is an awful lot more at Bauhinia Creek to come with grades improving at depth.

Or to put it in AG terms - dreadful news.

[338] 20/6/2019 07:46

hxxp://news.goldseek.com/GoldSeek/1560957932.php

[338] 20/6/2019 07:39

Has Shanta Gold Limited just intersected £££; billions of gold at Bauhinia Creek from the Phase 2 Drilling Update?

heading to 45p ... :)

[qs99] 20/6/2019 07:33

👍👍

[redhill] 20/6/2019 07:23

More good news from Shanta on the drilling front. Onwards & Upwards !

[qs99] 20/6/2019 07:12

Looked at some posts on CEY and $1,362 was a "ceiling" and then I would agree $1,380 is the next one to consolidate around....let's see...

SHG RNS this morning however is a very significant one IMO....great grades and continuing to expand find and LOM.....

DYOR and GLA....POG and this RNS, possible upcoming VAT, let's see if we can push to that 20p++!! haha

[atlantic57] 20/6/2019 06:50

Gold needs to break out above 1380 decisively and stay there.
It has been a long wait for a gold breakout so I would not count on it yet.

[nielsc] 20/6/2019 06:32

Is this a gold breakout or will it be knocked back?With the rise since yesterday that should see SHG make an extra US$2.5m in revenue.Cheers,Niels

[qs99] 20/6/2019 05:45

POG really motoring now....DYOR, but blimey if nearing $1,400 won't take SHG through into double figures what will haha?

[bmnsa] 19/6/2019 23:56

PM's are the place to be.

[redhill] 19/6/2019 21:34

Gold now $1361 an oz.

[redhill] 19/6/2019 20:54

That is what they have been lead to believe.We shall see.

Talks in Dodoma have suggested this but it seems like Tanzania are a little bit short of the readies! I'm sure they will keep pressing for it.

[redhill] 19/6/2019 19:58

Gold seems to be breaking higher after the FED interest rate meeting.

[jasper2712] 19/6/2019 14:10

I cannot remember if it was a proactive investor interview with Eric or some other interview as it was around mid March. He did say in that interview that he was fairly confident that the VAT issue would be resolved and he was hoping to have more information around mid May. The interview is out there somewhere and I saw another interview where he implied that progress was being made.

[redhill] 19/6/2019 13:38

AG

They way i understand the situation is that after the Barrick takeover Barrick will pay the TZ government $300 million. That will resolve all outstanding tax payments with Acacia meaning there will be no VAT owed.

There will then be a 50-50 partnership with TZ government which is being broken down in a number of ways. ie economic benefits ,16% carried interest ,taxes etc.

Eric implied that once payment had been made then VAT repayments in the country would resume.

[redhill] 19/6/2019 12:07

No AG i suggested that the VAT would be repaid after Acacia was sorted.

No allowance was made in the TZ budget for VAT refunds in year 2018/19.

Acacia & Barrick are having a bit of a public squabble about valuation at present but think it will be sorted soon.

[jc2706] 19/6/2019 11:02

jasper2712,

can you point to an interview stating mid-May VAT resolution? I know that this has been bandied about but was wondering whether there is any solid basis for it.

I'll ignore the usual dim comments from AG.

[jc2706] 19/6/2019 10:36

I believe that the suggestion was that there was a link between the Acacia resolution and the likely timetable for VAT refund. I don't recall anyone saying that this would be sorted by mid-May unless you can point to evidence to the contrary.

[jasper2712] 19/6/2019 09:54

I noticed that there has been a lack of information as to the outstanding VAT repayments. Now mid June and we were meant to have this sorted by mid May according to Eric.

[redhill] 18/6/2019 15:37

I note the Barrick deadline has now been extended until 9/7.