The Tanzanian Government cost me a fortune when I owned a very large amount of $$$ shares in a certain ASX listed company in TNZ.
The Government apparently kept making promises about going into production but it never delivered!
As far as I am concerned IDA should only negotiate with TNZ if they make a serious offer of US$50m + and even then I would REJECT THE OFFER because this nickel deposit was built by IMX/GPX/IDA and should never ever have been taken away from IDA by the TNZ Goverment!
Simply put the legal owners of Ntaka Hill Nickel Project spent millions and millions and millions of dollars in exploration over many years that went onto finally define a resource which was then stolen?! from them without ANY compensation, if this is 100% true then this is absolutely disgusting behavior!!
I want to see this company, 100% go to court and legally get back what is rightfully yours IDA! Get the Ntaka Hill Nickel Project given back because it is worth a bloody fortune!!!!
Oh and for the record the TNZ Government is sure to make a fortune of money as well simply from future production and the current price of Nickel!!
GLTAH+DYOR
Ann: Discussions with Tanzania on Ntaka Hill Nickel Project, page-4
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