WKT 0.00% 9.5¢ walkabout resources ltd

Ann: Tanzania Special Supplement Bills, page-227

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  1. 8,996 Posts.
    lightbulb Created with Sketch. 6888
    Thanks Croc ,
    Wouldnt be surprised if WKT goes about inserting a UK registered entity or listing into the holding structure to leverage being from a country that has BITP , apparently Australia does not have such a treaty , The Tanzanian government appears to have missed the unintended consequences by passing this legislation , the targeting of Accacia has brought the entire mining sector to major alert , this hastily thought out legislation looks like it will fall apart very quickly with the effect of the BITL protection and compensation , just one result from arbitration rebutting the legislation as un enforceable will be it and if losses occur, the miner is entitled to compensation , There is another part of earlier legislation that takes force next month enforcing 25% of the companies shares with SML's on the Tanzanian Stock exchange, no Idea how that will work .

    The Detailed engineering has commenced with the final estimate due soon, that should lock in the amount to be financed and there was that testing for 32% TGC or testing the $32% TGC product for plant design optimization or both ? look forward to the next announcements .

 
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