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Copper dip before lift off?
Better hope Lasso survives what's happening in Quito now then.
Fort, I agree with much of what you say, however, as we approach 2025 the element of political risk ,which, as we know, has been significantly mitigated by Lasso, will return.
We were hugely held back by the previous uncertainty and it could easily repeat itself. For me, this suggests we are currently in a sweet spot and our board should maximise the opportunity by selling Alpala asap.
All of us breathed a sigh of relief when Lasso was elected and I have no wish to run the risk of a far left candidate winning the next election, which seems to me quite likely. Why do I say this? Because Ecuador will be subject to the same economic woes as the rest of us times 10, and in these circumstances the electorate could easily be swayed by the usual left wing rhetoric.
I am certain none of this has escaped our board.
Majors are flocking to Ecuador due to lefty controls across most South American commodity regions. It's all volatile and risky. Ecuador is at the moment the place to be. The recent lefty win in Colombia has threatened to close down oil producing fields! Might just be leverage ahead of higher tax rate talks or if true to the word, then you can see a lot of oil companies moving across the border to Ecuador. Lasso must seize this opportunity. But majors are risk off entities and know that Lasso's term is currently 4 years. So Come April 2025, a lefty could be in and rip up all the good international work Lasso has done. That's why recently Lasso has been doing more 'legal frameworks' which are much harder for a new gov to overturn as take years through the courts and ironically by the time they get to a legal conclusion, it's 5 years later and new pro business gov come in again. Not plain sailing but all the work lasso is doing at present is seriously underlining Alpala and SOLG's assets. It's adding mega buck value. Some might grumble about the time Nick Mather and his team have taken over this exploration project. But buying time looks like the right move as the background is so much better now both in metal price forecasts, green policies, global electrification and New pro business Government. The recent push to see majors exit Russian and surrounding regions is just the cream on the cake.
Red- on 130,000 traded half of which are buys I dont think its copper price based-just usual early morning shenanigans.
We know what happens as the day goes on.
Just waiting for the General meeting as the next bit of news.
Dont worry about the markdown...
Copper is being savaged...
DK it’s nothing to do with cascabel.
www.mining-technology. C O M/news/chile-ecuador-llurimagua/
Change . C O M to .com
Ecuador and Chile have resumed talks over the development of the Llurimagua copper-molybdenum project in the Andean region of Imbabura, Ecuador, following years of deadlock, reported Bloomberg News.
Located 80km north-east of Ecuador’s capital city Quito, the 982Mt Llurimagua project is in the advanced exploration stage.
The move comes as demand is anticipated to increase for copper in a clean-energy transition and as Ecuadorian President Guillermo Lasso intends to develop its mining industry.
Now it’s time for a coffee. It’s 6am here.
Evening all. Tried to refind an article I recently read but couldnt for the life of me find again. Anyway it said that Codelco were currently in discussions with the Ecuatorian gov about "investing in Imbabura". llurumagua? lunin/Intag? or could it be Cascabel? Interesting and fascinating if true. Did anyone else see the article?
GLA
DK
A lot of big late reported trades again, getting bit of a habit.
Just for information the tsx quotes I pass on there's no spouting about it like you say just information for others to take note ,now time for a sail before sunset
DBW yes steady trades again today ,not long till end of month
Woody it's no use, people on here always spouting about the % movement on TSX without bothering to check the equivalent in GBX
Bubble
CGP moving a little bit too …. Mind you they are well down recently
By the way all those late trades aren’t necessarily buys … every buyer needs a seller and vice versa , but looking fairly stable now though still massively undervalued
By my calculation that TSX price equates to 34.65p?
Up 3.77% or 55c on the tsx early
The PFS effectively put a line under the sp with exception to the usual market postulations. The PFS was based on just a fraction of the Alpala resources. The PFS was based on copper and precious metal prices that are relevant today but likely to be 50% higher in 2025 or 2027. Historically miners tend to close the discount gap as the project becomes derisked. Ecuador progress should not be overlooked either. Lasso is really going for it and all Major mining businesses are buzzing around it like bees to a honey pot. What's changed? PFS has arrived and backed by a load of industry respected individuals. What's changed? Ecuador. What's changed? SOLG management. What's changed? Lots of things have changed. The share price is the last thing to adjust but is getting there slowly!
Big buys after bell again
Luvly Jubly what's not to like... ONWARDS & UPWARDS !!!
Why is the SP enjoying relative strength against historical fallbacks? Is something actually happening behind the scenes or is this just speculative buying based on a June bid possibly forthcoming? Or is it based on the precious metals markets coming increasingly into focus? Who knows, but I’m enjoying it. Let’s hope things heat up as the summer progresses & the sunshine continues as it has today :)
LunchMoney you are not showing your ignorance, I don't know the answer either.
However as we have seen in the past BlackRock keep falling and rising above 5%, so it seems likely this is to do with the weighting of funds containing Solgold shares.
Thanks for the reply Quady.
Hi indi123, they are completely different. BlackRock purchase Solgold shares dependent on the weighting of the funds that people buy into, so it's because that particular fund is being purchased. If They buy independently then it is BlackRock taking a position.
Points
Look at eua and ggp as case in ponts
Naturally DBW, you were probably hoping it would be BHP, Norges or another.
There's a lot of misunderstanding about Blackrock still, continually pushed by BBG and lapped up by others. They have hundreds targeting every investment type/sector you can think of and they're increasing their equity position in SolGold, but instead some want to sow the seed that they're chief manipulators and keen to put a ceiling on our share price.
Just ask, what benefit would the 4.8% of Blackrock held physical equity derive from a 0.45% derivative position being used to loan stock out? None. Completely counterproductive. The 0.45% instrument is probably a long CFD for all we know.