Shanta Gold Takeover Rumours (SHG)

Shanta Gold Chart

Shanta Gold Takeover Price

Shanta Gold Takeover Forum Posts

For me it is too small to attract a significant player so you would be looking for tier 2 companies. I suspect that Tanzania is not going to attract a significant amount of interest currently from either tier 1 or tier 2 companies which would leave the 'chancers' and you don't get much of a premium from them. So, I doubt that a takeover is likely. Should the gold bull really start roaring then you may have a different story.
Could Shanta be a takeover target.Seems to me that the hedge would not be a major problem.Debt reducing, reserves increasing and definitely undervalued
Nothing here that we haven't already been told - time and again! Shanta’s current VAT receivable is US$25.3 million (June 2019) ▪ Barrick takeover of Acacia announced in July 2019 ▪ Barrick tax resolution and implementation of Framework Agreement with the GoTwould mark an inflection point (before year end?) 17th September Effective date (Acacia delisted) . So will there be movement on the VAT after this date. We can only hope.
Redtrend The way i understand it is that Shanta have been advised by government officials that their gold is eligible for VAT rebates but i guess we shall have to wait and see.. Once the Barrick takeover goes through then the consignment held by the government is due to be released and the proceeds handed over to the TZ government in part payment of monies owed. That's when i believe we shall see movement on the VAT issue.
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