Jim Sinclair wrote a book in 1990s that emerging nations would demand more of a share in foreign mining companies
in the decades to come, which is bearing out now to be correct.
Not that I think the new court case challenging THO’s permit and doing proper
due diligence with natives surrounding it’s mine is part of a shake down to
get a bigger percent Guatemala gov’t stake holding of THO.
However I wouldn’t
be against that either because I believe an unbelievable $5000 silver oz is
coming in the foreseeable future, due to world economic, financial and debt
bubble crises coming up, which will make capital gains from present price go crazy,
and beneficial to all involved – ie the gov’t, company, communities surrounding
THO’s mines, and shareholders.
From
‘Tanzanian Royalty unfazed by new Tanzanian mining laws
Mr. James Sinclair reports, owner of TNX, in Tanzaniz, 2017-08-11 16:19 ET
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aTNX-2494635&symbol=TNX®ion=C “The new mining laws in Tanzania appear to be an action to gain a
fair share of the financial rewards for the people and nation of Tanzania
while still providing incentives to the investors. The proposed legislation
is not nationalization," stated James E. Sinclair, executive chairman.
Mr. Sinclair co-authored a book titled "Boom," written in the 1990s
with F. Vogl, former director of communications for the World Bank.
"Boom" outlines the authors' prediction for the economic development
of China, Tanzania and India as those countries move into the modern
global economy. Many of the new laws adopted in Tanzania (and
elsewhere) were outlined in the book. The authors' premise, which
is being borne out in present legislative trends, stated that to
participate in the development of a foreign economy, investing
companies must enter into mutually beneficial contracts.
The company executed a joint venture contract granting 45 per cent
for Stamico, the state mining company, and 55 per cent for the
company as investor. The company carried all the costs for the
Buckreef project up front. These front-end costs of the project shall
be reimbursed out of production. Tanzanian Royalty paid to the
government of Tanzania $3-million (U.S.), a non-refundable upfront
fee, for the privilege of operating in Tanzania.”