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Morning C.
I take it ‘muppets’ was the misspelt auto text – should be ‘legends’?!
Please bare in mind popcorn only has a 3 month shelf life so it would be an awful waste if SOLG drag their heals any longer than that – mid September sounds about right to seal deal 4 me, with 1st bid landing in June / July once Ayten Saridas has settled in.
As I am sure many others do on this BB, I question / review my investments every day. I have about 30 stocks on my watch list (from all different sectors) and time & time again Solgold seems not only the safest haven, but the stock most likely to bear fruit in the short term IMO.
At the moment the market seems to agree. Although we have a quiet week last week, numerous of stocks have been absolutely hammered.
So what do we have to look forward to if no bid lands for SOLG in the next couple of months:
1. Porvenir MRE-2: If they pull a rabbit out of a hat with a greatly increased mineral resource (as they did with Tandy) it should give us a nice boost.
2. A JV or buy-out of Cascabel – lots of permutations here as we have discussed.
3. A positive drilling update from the Moran target @ Cascabel.
4. We have all the JV possibilities for other concessions around Ecuador.
5. Some left field news which we had not thought of (the most likely scenario!).
Something has to give – the beast is too big and has progressed to far.
The appointment of Cuzzubbo & Saridas has been calculated & consented by BHP.
The futures bright.
Shipright - Already have them (well it's a Yamaha Virago 1100)
Padmaster - True story. At the end of last century, I was offered the opportunity to partake in an online 'Russian Brides' business. Online businesses of any sort were nowhere near as prolific as now, and an English lawyer was acting on behalf of the female Russian who 'owned' the business to seek 8 investors to put up £12500 each. She was sourcing the potential brides, all early 20s and many of whom were quite pretty and the business was aimed at the US market. A little research discovered an amazing demand from middle aged Americans, who would take a short holiday in Russia on a 'try before you buy'basis. Selling the holidays was, of course, where the money was to be made as well as taking a cut of any money the 'brides' made, marriage or not! Lol! Apart from the moral issues, the absolute no-no was the Russian Lady's assurance that the Russian Mafia had given consent (this was necessary for all businesses at that time and possibly still is ) and their fees had been agreed. I may have briefly entertained the idea of being a pimp for bragging rights down the pub on a Friday night, but swimming with the fishes isn't my cup of tea/pint of real ale!
Fourteen trading days for the 'offer' to come in if those watching decide to get off the pot! GLA
It wouldn't surprise me tbh BBG /Novice,deramper
You haven't answered my question buddy following your 23.15 post yesterday. Why are you still invested then ?
If I had your view I certainly would not be and the fact that you admit to making and losing "mega dollars" you're clearly optimistic overall with the 50/50 chance of success here ? interested to know your thoughts...
Nuffy
Re Muppets...Am the Cookie monster lol!!:)a few know me :):)cc
Buddy,
Like DK said, future concessions.
What makes me wonder is why are so many South Americans moving up to North America?
Living conditions and work spring to mind, no work no money no food.
There is a fine line between looking after where you live and mining, keep disruptions to a minimum and these people will benefit and their country.
Let’s hope sense prevails and all will benefit, including the wildlife and the forest.
I think you will find that was only relevant to future concessions and does not apply to Imbabura if my memory serves correct
GLA
DK
Which begs one question buddy why the hell are you invested here lolzzz ? Harmless idiot comes to mind ; o ))
Gotta love auto txt... ( and red wine ) you get my drift re: below C
You're right guys, this could turn out to be a none event this summer and we may have to wait patiently a while longer, however the biggest leading indicator for me is the continual after hours big buys, someone with far deeper pockets than any of us is continually buying and I bet they've now far more than any of us muppets ;-) C
I don't think they would be doing all these presentations and an EGM end of month to tell people about the missing 4 million would you novice?,don't listen to him he talks rubbish use your filter button
Yep afraid to say I agree wholeheartedly with buddy this could collapse like a lead balloon with any sniff of negative news like for example if 4.6 million had been misappropriated but hey let’s deal with that if it ever occurs!!!
So buying a Harley and leather chaps Gino?
Multibagger from here safe haven asset /resources proven up and getting bigger mining friendly Ecuadorian government ,hundreds of jobs ,supporting all communities ,building infrastructure , agriculture focussed and let's not forget Solomon Islands still on the books
I thought Lelo had abandoned plans to float on the Stock Exchange?
Sounds good to me Gino ( but steer clear of those Russian brides dating sites)
Pad - In the event of a takeover bid, agreed by all concerned and heading towards completion, shareholders would always have the option to sell their SOLG shares in the market (admittedly at a small discount to the takeover price) so as to avoid the risk of a variance in the SP or even, in some circumstances, an abandonment of the takeover.
Personally, in such an event, unless the discount to takeover price was substantial, I would be mostly/totally sold out of SOLG and reinvested where I felt it would benefit me most, which because of my age, would probably include vain attempts to relive my youth! (Know what I mean, nudge, nudge!)
The political decision to promote responsible mining. Mining has become a strategic sector for State development in administrative policy in recent years. The State identified five large-scale projects that it classified as strategic. While the second-generation projects have made significant progress, 275 new areas were granted for exploration since 2018 and more than 28 new international companies have been domiciled in Ecuador in the last six years. As of May 2021, President Guillermo Lasso established the bases to develop a new mining policy in executive decree 151, seeking to promote responsible and efficient mining that guarantees the legal certainty required for the development of greater investments in this sector. The national government, through the energy and mines ministry, promotes strengthening of institutions, tax, legal and administrative stability and adherence to the Extractive Industries Transparency Initiative (EITI), which means Ecuador is an attractive mining country for investors.
World demand for minerals for the energy transition. According to a report prepared by the International Energy Agency (IEA), by 2040 the demand will quadruple for minerals such as copper that are required for the construction of clean energy technologies. Global decarbonization plans will require significant additional mining capacity to enable growth in electric vehicles, energy storage and electricity transmission (between US$0.7tn for 3°C+ and US$1tn for 2°C). China, the world's largest consumer of most metals, is ready to make a significant investment in its energy transition to carbon neutrality by 2060, occupying a dominant global position in the production of lithium-ion batteries, solar modules and wind turbines, as well as in their associated supply chains. The European Union is also seeking to move away from its energy dependence on Russia in the medium term due to the conflict in Ukraine.At the same time, the development of committed projects in the world is not sufficient response to the increase in demand for minerals. The lack of development of projects will manifest itself in a structural shortage and in a sharp rise in prices from the end of the decade. There is currently a rebound in metals prices (gold and copper are at highs equal to 2012-2013) due to the impact of the pandemic and now the crisis in Ukraine (copper prices were up 34% in March 2022 compared with January 2021). This establishes clearly favorable conditions to search for markets with high potential for mining exploration, such as Ecuador.Competitive tax burden, access to productive factors and auxiliary value chain. In 2014-2016, important reforms and incentives were approved that have had a significant impact on the economy of mining projects. They include tax stability contracts, standardization of the treatment of historical investments for the Ajuste Soberano [Editor's note: an adjustable formula incorporated into project contracts to ensure that the benefits of the State are higher than those of the operating company] and simplifications of extraordinary income tax, etc. The changes implemented have allowed Ecuador to reduce its tax burden to the competitive range for the region. According to the Fraser Index report for 2021, Ecuador's score grew by 26% compared with 2020, as one of the most attractive countries for investors in the mining sector, ranking 24th among 84 mining jurisdictions, with a score of 72.79 out of 100 compared with the 57.95 points seen in 2020. The country represents low investment costs for production due to the geological conditions of the minerals (excellent metallurgical grades and high mineral concentration per tonne). At the same time, the electricity master plan, with the construction of eight hydroelectric plants in the last 15 years, has made Ecuador an exporter of clean and low-cost energy (US$5.8/kWh) in comparison with Peru and Colombia, which improves competitive conditions investments in mining projects.
“By Rebecca Illescas
Deputy mining minister and mining minister in Ecuador between 2017 and 2018. Consultant for companies and government in the efficient management of natural resources in Ecuador.
Geological Potential. Ecuador is the least explored country in the region, with only 10% of the country explored, according to data from the Ecuadoran ministry of energy and mines for 2021. The country is part of the Andes mountain range, so there are eight identified areas that have high mining potential due to their geological, mineralogical and structural characteristics. Ecuador has at least five projects that are emerging as world-class deposits. One of them is the Cascabel project, which is one of the world's largest copper discoveries in the last decade and is expected to go into operation by 2028. It also has four investment projects in the initial exploration phase.
Sustained growth of exports, investments and importance to the national economy. Ecuador's central bank stated that the mining sector exported 697,000t of mining products for US$2.09bn in 2021, making them the fourth largest export product for Ecuador and representing 5.70% of the country's total exports, while minerals were the goods that drove up Ecuador's non-traditional exports most in the first quarter of 2022. It is estimated that exports from the 12 biggest mining projects in the country would have a current value of US$176bn until the end of their useful life in 2052. In 2020, with investments of US$568mn, mining was the economic activity that attracted the most foreign capital, accounting for 48% of Foreign Direct Investment in the midst of the pandemic. Over the next four years, direct formal employment created by mining would increase by more than 215,000 jobs compared with 2020, ending 2024 with 270,180 employees. As of 2027, the mining sector would generate more than 500,000 formal direct and indirect jobs.The high potential for mining expansion could transform this sector in the medium term into a driver of economic growth through production chains via intermediate consumption with the other industries and generation of direct and indirect employment.
Good evening buddy. it looks like it’s only me who doesn’t have you on filter.
Since I expect Solg to be bought out, the answer would depend on whether the buy out price includes a proportion of the value of those fabulous tier 1 discoveries, or whether we re-invest our winnings in the new owners shares to reap that future reward, or indeed whether as part of a buy out we are offered shares as part of the deal. What do you think oh wise one?
How sad must its life be that this is its only outlet and only when it's not challenged.
Let it creep in behind the walls and spout bile at who?
I went out to my garden last night with a torch after all my new plants had been consumed.
It was an orgy of snails and slugs slimming over snails
It's important that we give this individual a place to vent their wrath, if not they might be dangerous.
Indulge them for the weekend. Don't reply or rise to the bait just let them implode.
Correct anon3
Really??,up on tsx atm DYOR markets all down ........see you all Monday gla onwards and upwards solgers!!!:)