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7.6¢ indiana resources limited

If they want any company in the future to invest inTanzania they...

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Thalamus

576 Posts.

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13/03/24

22:17

Post #: 72872075
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Originally posted by Rampaul: ↑

All the talk on distributions is premature.

There is no enforcement mechanism for ICSID or IDA to make Tanzania pay. The main reasons I have thought Tanzania would pay are:
Attorney General gave an undertaking to pay, but this was a precondition for Tanzania to appeal case.
World Bank funding- but if you read recent World Bank's and IMF reports they mention nothing about ICSID awards, noting Tanzania has a few outstanding.
Confiscation of assets from state owned entities like Air Tanzania- but they no longer fly to jurisdictions where courts would be amenable to seizure as in Sweden.

I had previously bought in on the Attorney General undertaking but after looking into the quantum of funds and the fact they have other awards outstanding plus cases on foot, I think there is a high risk that after ICSID award Tanzania goes radio silence. I ended up exiting for a loss and wish holders well.

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If they want any company in the future to invest inTanzania they will pay up. Otherwise who the hell will invest there again. It will become a basket case.
IDA Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
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Last 7.6¢		Change -0.002(2.56%)		Mkt cap ! $46.99M

Open	High	Low	Value	Volume
7.9¢	7.9¢	7.5¢	$122.1K	1.583M

Buyers (Bids)

No.	Vol.	Price($)
3	565417	7.6¢

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Price($)	Vol.	No.
7.8¢	291916	2

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No.	Vol.	Price($)
2	415539	0.076
1	9961	0.075
2	180000	0.074
1	140845	0.071
1	1000000	0.070

Price($)	Vol.	No.
0.078	291916	2
0.079	263269	1
0.080	193695	1
0.082	30000	1
0.083	300000	1

Last trade - 15.43pm 27/05/2024 (20 minute delay)


Last 7.6¢			Change -0.002 ( 3.80 %)
Open	High		Low	Volume
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