Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.


Shanta Gold Share Chat (SHG)



Share Price: 3.50Bid: 3.25Ask: 3.75Change: 0.00 (0.00%)No Movement on Shanta Gold
Spread: 0.50Spread as %: 15.38%Open: 3.50High: 3.50Low: 3.50Yesterday’s Close: 3.50


Share Discussion for Shanta Gold


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
RE: Acacia deal
Fri 10:39
MB60,

I have posted the link on the ACA board if you wish to follow their reaction.
 
Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
RE: Acacia deal
Fri 10:15
Interesting - thanks for posting. The more I read about Barrick's operations in Tanzania, the more I get the impression that there has been an awful agreement in place and the less savoury the practices appear to have been. You have to sympathise with the feeling generated in the local authorities.

Of most significance here is the word 'profit' rather than 'revenue'. A massive difference and effectively means that ACA will be paying 50% tax. That is high but not unworkable. Without tax breaks it will limit investment in Tanzania but at least it will be a known entity rather than the continued uncertainty.
Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
RE: Acacia deal
Fri 10:05
I believe that there is still confusion over the details of the deal owing to some comments made by one of the Tanzanian officials. What is needed is a firm statement of the details of the deal via an ACA RNS. At that point we can all form a better informed view of the likely impact on Shanta. This is why I am waiting for confirmation before investing further. Yesterday was more of a gamble!
MB60
Posts: 1
Off Topic
Opinion:No Opinion
Price:3.50
RE: Acacia deal
Fri 10:04
Maybe this local news report has a little bit more detail on the ACA deal http://dailynews.co.tz/index.php/home-news/53681-fair-mining-sector-era-dawns
Des1967
Posts: 3
Off Topic
Opinion:Strong Buy
Price:3.50
RE: Acacia deal
Fri 09:03
6m volume yesterday only 25k first hour thus morning . I was expecting a lot more buys based on the Aca deal and yet yesterday after the announcement their were a lot more sells ?
Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
Acacia deal
Fri 07:43
Just posted this on the Acacia board but I feel that it is highly relevant here:

If the details of the deal are anything like that stated in the press this morning then it is nowhere near as bad as has been speculated:

http://www.telegraph.co.uk/business/2017/10/19/acacia-mining-shares-surge-barrick-strikes-deal-tanzania/

The sharing of economic benefits would be via 16% of a JV that would hold the gold mines plus royalties and taxes. This is very far from the '50% of revenues' as stated by a Tanzanian government official and is actually less problematic than the current legislative framework in place in SA for example.
Eish
Posts: 1,252
Premium Chat Member
Observation
Opinion:No Opinion
Price:3.50
RE: Shanta next ?
Thu 20:11
I have just read the days post and thank you, Daisan for your dissection of where we are. I am quietly optimistic that Shanta will perform over the next year. I still worry about the government interference in other mining sectors. That is bad news for investors in Tanzania and indeed in other African countries as well. Looks like debt repayment will be well under control. Just wondering how the market reacted to the ACA reaction, not looked yet?
Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
RE: Shanta next ?
Thu 17:41
I already commented on the news!

I take it that you aren't considered the life and soul of a party are you?
allthatguff
Posts: 1,372
Off Topic
Opinion:No Opinion
Price:3.50
RE: Shanta next ?
Thu 17:25
Well done, play the man, not the news..
Daisan
Posts: 3,061
Off Topic
Opinion:No Opinion
Price:3.50
RE: Shanta next ?
Thu 17:22
Well, allthatguff, I thought I would lighten your post since, judging by your posting history, you seem to enjoy being the purveyor of doom around the place! And being Shanta investors we are all too used to doom.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.