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Eloro.
Nonsense.
- why are you ignoring the fact that PoG has retraced from $2420 to $2300 over the 2 day period?
- why are you ignoring the fact that numerous gold stocks dropped a similar percentage as Solg over the same 2 day period?
.
How do you know that it isn't link to that news Add? You are being difficult. The only news that coincided with the SP retrace was the outcome of the vote. All other known unknowns have not changed to paraphrase Donald Romsfeld. Bottomline, like you, I am surmising. Neither of us can speak conclusively until Scott The Rocks Caldwell inform the market which won't be anytime soon by the looks of it. The poor buffoon is struggling to tie his shoe laces😆
Add, Sangha had confirmed via email to DG in the Telegram group that this development doesn't impact the IPA or exploitation contract. It's more to do with free trade type agreements between countries. Ignore the idiots on here.
Bbg- I got out before this drop. Did you hold? I told you this drop was coming- you could have bounced in and out. No risk of missing out at the moment so I don't know why you'd hold into a predictable drop? Seems madness.
As I've said before, it goes without saying that I've got a small hedge, but that's just for adjustments.
How do you know it was linked to that? Surely it's more likely to relate to the lack of news on funding?
On that issue, has anyone received any form of reply to their emails or phone calls to the company?
Add, what I think isn't that important. The important thing here is the market reaction to the news which wasn't positive, ie SP retraced.
Eloro, yes, it would have been preferable, but the point is the situation hasn't changed. Did you worry about it before, because I don't recall either you or anyone else mentioning it previously? All inward investment into the country has been subject to this for a long time and has it deterred them? The facts appear to suggest not. As for corruption, can you name a developing country where it isn't an issue? Has it deterred people from investing in the dodgiest nations in Africa? No, it has not.
Rampybaygold’s true colours revealed... "terrible for the chances of solg LTHs getting their money back"
You’re clearly way way underwater here
🤡
Add, my concern is that with international arbitration we would have a degree of impartiality whereas with local laws, they can be bribed. We know that corruption is a problem in many Latin American countries, ie Panama, Venezuela etc
Stackhigh's true colours revealed... "terrible for the chances of solg LTHs getting their money back"
Your clearly not invested here
Rinehart's invested $300m recently, which I believe equates to 'hundreds of millions'.
As for Nobby, are you really sure you'd welcome a radical left-wing President? Do you think he's wrong to want to crush the cartels? Clearly, the people of Ecuador don't share your opinion. The parallels with Duerte are very apparent and he managed to turn the Philippines into the fastest growing economy in SE Asia with considerable levels of inward investment.
Invested millions, but not the hundreds of millions people here think it will take to buy solg in a couple of years time. Still- a week is a long time in politics. If Ecuador becomes a pseudo-dictatorship under a 'strongman' president with a superhero complex, all hopes of investment are off.
SH, so you accept the fact nothing has changed? Just to reiterate, the 'companies with deep pockets' have invested multiple millions under the prevailing arbitration environment, so how exactly does Sunday's vote change things? Answer: it doesn't.
I do agree that we need Nobby to be re-elected and it's good to see he received a high level of public support for his crackdown on the drugs cartels (I note they've re-captured the bloke who kicked this whole thing off by escaping from jail).
Don't think there's is any doubt we're trying to get the IPA across the line. Whether companies with deep pockets will trust the president after the combination of this vote and the embassy disaster remains to be seen. My guess is not, so whether we sell in 2026 might depend on who gets in at the next election. It is curtains here if we reach a stage where only Chinese companies will invest. Fine for Ecuador, terrible for the chances of solg LTHs getting their money back.
Perhaps the clever people on here can explain what has changed as far as arbitration is concerned? The referendum voted to maintain the status quo, which didn't deter BHP, Rinehart, the Chinese and many others from investing, did it?
Sure, it would have been better if Nobby had got his way, but he didn't, so the country carries on as normal and we carry on with the process of finalising the amended IPA.
"Be quick Monday morning!"
"Top up!"
Both said at prices well north of here, whilst I was telling people to get out because this current dip was coming.
Not only is slug a repetitive bore who is obsessed with me, he's also consistently called this wrong. Arrogance is fine by me, if you can back it up, but he is thick as treacle and yet writes like he's god's gift.
Simple way to judge those offering the kind of unsolicited investment advice quoted above from slug: does the poster fall for April fools jokes about cars that run on water. If so, do the opposite of them. 👍
Just going back over yesterday's posts.
I'm struck by how many good news is coming, and lots going on in the background posters are missing in action.
Come on boys, chins up. You've been posting positives for 8 years.
Don't give up now.
Wouldn’t entertain that mullet BBG, his mantra is buy high and hold while you think a stock will fall. Proper knob jockey that weirdo
Meanwhile let’s look at 2024, gold already on the up despite a breather, few and msm desperately trying to bully the dollar north in preparation for their impending black swan event which is the real estate refinancing crisis, a $2.2 trillion poo storm about to wash through American banking
In the US domestic mortgages are usually agreed for 30 years but commercial real estate follows our more typical domestic model of 3-5 year deals then refinancing. Their real estate sector is about to hit what our housing market is about to hit
The collapse is going to be spectacular. We will see negative rates both sides of the pond before next year is out and a light will be put under the price of
Gold as fiat enters its death row
Lock and load people it’s going up not Down
Stackhigh, fair point.
There are lots of ways this can go.
Maybe they things are dragging as they are waiting to receive the ESIA before announcing anything. We're a much stronger ship with that in hand.
Hoo roo
What the outcome of that vote is telling us, the sooner we get out the better before cascabel become another Panama Cobre. We don't have the protection of international laws, anything can happen.
The way thing are going, we are not going any were fast and if some think, things are imminent think again, the price seems to be retracing back to the low pence's no one wants to take a gamble.
What about others though, bbg? We absolutely don't want a situation where only Chinese companies would consider investing in solg. In a couple of years time, when this starts to come good, we want plenty of parties able to express an interest. I wonder how many shares will be in issue by 2025? 3.8bn? 4bn? Who knows.
Bob the Bat explains this over on the Telegram Group. You can also chat to Tuffers
China wouldn't give two seconds thought to that result
The vote in Ecuador went against returning to International arbitration... which may explain some weakness in price..
https://www.tni.org/en/article/ecuador-holds-the-line-on-isds