HXG looks the same as it did last week, high cost and going...

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FiendishRedbeard

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04/07/17

22:44

Post #: 25666665
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Originally posted by Gwaihir ↑

Yes Bullant, you are correct.
It looks like there is no grey area, or joint arbitration facility, in this new Tanzania legislation.
I'd hate to be a company that gets on the wrong side of the government.
If the government says they want more tax, then you have to pay, otherwise it seems like they can simply cancel your project, just like that.
There is knowhere a company can go for arbitration, the Tanzania government will not recognise it.
This all seems very draconian to me.
I definitely will not invest in any company with projects in Tanzania, even if the legislation is softened somewhat.
Lets see how things play out, but the big point for us, as you so rightly point out, is there will definitely not be an oversupply, in fact, if anything, there will be an undersupply, and the costs of those operating is Tanzania will be significantly higher, and probably much higher than Hexagon in the end when all things are taken into consideration.
Companies like MNS and KNL already have large costs associated with compensation for the relocation of whole villages.
Hexagon looks better and better.
"Go the Hex".

Gw

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HXG looks the same as it did last week, high cost and going nowhere fast. SYR is still commissioning, the market is still flooded with graphite pretenders.

HXG Price at posting: 8.3¢ Sentiment: Sell Disclosure: Not Held
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Last 2.1¢		Change -0.002(8.70%)		Mkt cap ! $11.79M

Open	High	Low	Value	Volume
2.3¢	2.3¢	2.1¢	$1.912K	83.41K

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No.	Vol.	Price($)
5	456427	2.1¢

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Price($)	Vol.	No.
2.4¢	50568	1

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No.	Vol.	Price($)
1	100000	0.024
2	386221	0.023
2	147000	0.022
5	1217500	0.020
2	54368	0.019

Price($)	Vol.	No.
0.025	498695	1
0.026	289259	4
0.027	396549	3
0.028	281127	2
0.029	50000	1

Last trade - 11.44am 28/11/2024 (20 minute delay)

HXG (ASX) Chart

HXG looks the same as it did last week, high cost and going...

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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