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"Ecuador has identified 8 areas that have high potential for mining a/c to state co, Enami.
Country has 2 major mines in production, Fruta del Norte gold and Mirador copper mine.
Mining products are Ecuador's largest export item after oil, bananas & shrimp. Govt expects that mining exports will be over US42.6bn this year."
"Ecuador expects combined investments will be over US11bn in SEVEN of the projects which the GOVT forecasts will come into production in the COMING YEARS.
The projects are:
La Plata [polymetal]
Curipamba [copper & gold]
Loma Larga [gold & silver]
Mirador Norte, part of the Mirador concession
Ruta del Cobre
C A S C A B E L
Warintza."
https://www.bnamericas.com/en/news/ecuador-identifies-47mha-for-mineral-exploration.
---
I have another article that is from Lexology: Law in Ecuador and Cascabel is also named.
I will post after this.
Sorry but more and more fantasy from DG1.
We are having a strategic review and looks like streamers are involved.
That doesn't sound like a bid, it sounds like we continue to the DFS.
It would be nice if this is all wrapped up soon… anything over 40-50p will be a result from here….. get the deal done, and get us paid.. preferably before Putin has his moment of nuclear madness and world markets collapse further. The lost opportunity cost associated with sticking with Solg is just too much
Still here for my sins ……although I’ve promised to exit when we go back past 40p for the umpteenth time
Solg mgt couldn’t really have done much worse - but I for one am hoping the CGP team bring new urgency - new motivation to get the job done
We all (pretty much all) know production is a complete fantasy ……I personally think moving to DFS and spending another £50m-£100m to get there would be a waste as it’ll only get ripped up by a major and binned
Nah - CGP have joined up for one reason ……Nick M called them up, told them he’d been too tight in the past and now wanted to give them 15:1 for their shares !! Seriously though CGP joined up as they can smell an exit and a big one at that ……they haven’t signed up to be diluted …..they’ve signed up for a deal
We’ve heard nothing from any major investor since the merger - neither endorsing it nor throwing mud at it ….I’m taking that as a sign that things are now moving along
I do hope we’ve all long gone from this board within mths …..one can hope
Sean ……glad your still here …..plenty hurting and under right now …..your churchillian comment made me smile earlier
ATB
Not Quady bubble
I have to admit, I didn't like doing it but filtering Quady was the best decision I've made on here.
Poor old Quady.
Of all the souls I have encountered in my travels, his was the most human.
*sob*
Lot of green posts today Quady must be at boiling point over today's posts lol!!:)
Truss gone... and while everyone cheers no one seems to have noticed that here energy price guarantee is going with her. from next April the only people able to sit in a warm home will be those on benefits.
Bankers bonuses cap removal stays...
Her support went...if you'll forgive the pun.
Truss gone
addicknt
Missed your post ... thank you getting clarification.
I guess this is a reminder to all of just how valuable Cascabel is!
"how much patience do some of us have ?"
Novice, I'm clearly one of those on here with less patience than most when it comes to SOLG. We could have been here years ago. We've been to 40p three times in my experience and each time it ends with ashes in our mouth. I can't stand the "jam tomorrow" philosophy. I detest dilution.
In other words, I am in no way suited to investing in miners.
But I do feel patient right now because I do feel the techtonic plates are shift positively beneath our feet towards some end game concerning Cascabel. After all, if not now, when?
Our merger with CGP will bring some pushy, hungry people in a rush into our tent, and I approve of that.
I can be patient when I think the timescale is now limited when it once seemed endless. No £1.32 predictions from me (far from it), but I do feel we could be far north of here shortly.
Thank you LunchMoney so water permits I take it are required for Porvenir.
If and when CGP place their shares, it would be interesting if the company who takes them up already has an undeclared holding ( ie just under 3%)yhis could then put them on a level footing with BHP / NCM …. Just a thought
Addicknt,many thanks for passing on reply does infact give confidence that we are indeed waiting on where we going regards takeover or j/v status atm
Thanks add, board definitely need to be more transparent ! hey who knows it might actually encourage more people to invest yes ?
zoros, I did so immediately.
Novice/Fort, I agree with your general sentiment but I would point out that the article made a specific statement about work at Cascabel having been halted. This, it turns out, is untrue.
It may just be me, but if someone makes a statement like that, I want to know the truth.
Rapid response from Fawzi - thank you addicknt for your efforts.
Can you thank him for his dilligence in responding so quickly - next time you communicate with him?
Best
Z
This has been going on for yonks. Nothing new here. Apart from the fact that Ecuador recently had a mini revolution and Lasso had to provide some concessions to bring the saga to an end. Perez hasn't gone away. Ecuador like Chile, Peru and so on have a real lefty following. I actually thought the article was positive as it showed some key decision dates and Lasso looking to get the cadestre up and running again.
I agree that it's better to agree on the licence blocks that are up for auction and then present them to locals and see which ones they are against and which ones they aren't bothered about.
Cascabel won't be producing until 2028 so long way off. It's the blocks that are keen to get moving in 2024 and 2025 that need to get through the red tape. They are the ones being held up and should set a benchmark/example or pathway for Alpala.
Yes, but I can probably find 10 posts over the last 5 years that have confirmed this in one way or another Sean, but every time it rears its ugly head there is always a lot of commotion, I am pretty certain that the last decades work by Solgold would not have continued if there was a clear and present risk that Solgold would be forced to end operations. The incumbent government is also mining friendly so am pretty confident this will be way north of here one day, but the only question still remains... how much patience do some of us have ?
ONWARDS & UPWARDS !
Shame shareholders need to go knocking on their door though for them to say something about this.
Thanks for that addicknt. Really appreciated.
addicknt, great news, thank you for sharing.
Onwards!