Member Info for woodfromthetrees

RSP looks shot to bits. Whoever supposedly bought out the seller is just now selling them themselves for 10%.

who who who who?

Rabid one this is

Got to be a contender,quite remarkable achievement from this pony BOD given oil price is up way up since the beginning of the year too.

Osa's reputation about as low as could possibly be

simple as that from what I can see going of cash in accounts and burn rate... what a dire market for that too

from 6m euros at the beginning of last year to $4.9m euros by year end. that will be nearer 4m euros by now . The cash is gradually being bled dry here with absolutely no progress

£5k director buy almost worse than no buy as its such a tiny amount vs salary it shows they have barely any conviction... small buys like this make me suspicious they want to try ramp SP for a raise.

Interims end of November they had £1.1m left on the books... their cash burn for 6month period was £1.1m.
That means theyll run out of cash 6 months from end of November last year, which takes them precisely to the end of this month.
A coincidence the book is so weak? Its going to be 2months before any Coal Offtakes are agreed at the earliest so the only positive news is on the gold asset end of this month

If I were a betting man id say this is likely to need more cash to construct the mine shaft for this Chinese offtaker.... placing incoming whats causing the weakness? Just speculating.

can see this going on a big move soon TA looking great at this level.

worth a look at £6m with its helium asset DYOR

market seemingly not liking the very low TGC %? lower than all its peers unfortunately

thats a load of boll** that IIs are the only ones that can short AIM stocks

Seems very low? was expecting a bit more

Said this would happen when San Tropez con artist and his cronies were ramping poor mug punters in at 3p calling 10p+

This management team cannot be trusted as they have never delivered *full stop*

Cant see how this deal will pass shareholder votes.Only winner is Sprift.

Good value!? I turnover more than that and actually make a profit too....will someone buy me out for £35m?lol

that turns a revenue of £200k? Got to be joking right?

even the old faithful coming under pressure today

50/50 profit share and also SHG would be taxed 50% on their share (as is always the case) so would end up with 25% post tax... thats how I read it.

Again you have to wonder why the directors that put money in here at 16.5p end of last year are suddenly both selling at 13p whilst using the excuse theyre hard done-by and need the cash yet are on $500k+ cash salaries as a base case with the share based payments on top of this. Hasnt anyone questioned them on this yet? They need to go on record explaining their actions..id like to see a Crux interview.

Selling pressure here a bit fishy if you ask me.

"During 2017, the Tanzanian Parliament enacted several legislative bills, which amended the Mining Act 2010 to provide for an increased government shareholding in mining projects. The amendments entitle the government to a minimum of 16% free carried interest in all mining projects, and the right to increase this commensurate with the value of historic tax reliefs and exemptions enjoyed by the mining company (up to a maximum of 50%). Since the incorporation of its Tanzanian subsidiaries, Shanta has not been the recipient of any preferential tax arrangements in Tanzania nor has it been party to a Mining Development Agreement.

These changes preceded the announcement by Barrick Gold on 20 October 2019 that they had entered into a bilateral agreement to share the future economic benefits from Barrick Gold's mines in Tanzania on a 50/50 basis. It is management's view that a similar arrangement between Shanta and the Government of Tanzania could be required.

On 30 October 2020, the Mining (State Participation) Regulations 2020 were published, which expanded on this free-carried interest and provided that the Government of Tanzania shall enjoy the right to receive a proportionate share from any repayment of equity or loan.

It remains uncertain how the new legislative bills will be interpreted and implemented. To date, with the exception of the increase in royalties from 4% to 6% and the introduction of a clearing fee of 1% which was effective from July 2017, there has been no material impact on the Group. The Company continues to take in-country legal and tax advice to monitor the situation carefully."