Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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You are absolutely correct. It's June 6th deadline.
But considering we'll be down to almost zero cash by then, I think you'll find we'll be executing it before June 6th.
They'll need to get it all sorted within next 8 weeks IMHO.
Happy friday all
By my reckoning the deadline is 6th June which is 6 months after the pre-terms were signed on 6th December. ( May 6th is only 5 months)
Yep could well test 9p today, hopefully the post noon autobots are kinder to us today, nice to see base metals continue to rise Gold just shy of $2200
Mather is very relaxed at the moment. What does that illustrate?
Schlem, DGR took one hell of a hammering on Armour and their cash balance isn't that wonderful either. NM really needs to get a return from Solgold.
Yes... plenty due before May 6th exploitation deadline. Of course... like the Technical Report, they can execute the exploitation agreement any time they like leading up to May 6th. So it could be next week if they wanted to do it then. But there's a few things that need releasing before then so should be steady news flow over the next 6 to 7 weeks.
All parties involved will be acuteoy aware of the May 6th deadline, which incidentally is roughly where our cash pile runs out so looks like Bob knows that funding is coming before then and has been working toward the May 6th date for a long time.
SOLG has a history of a 'marching' share price when leading up to big news releases but recently the controlling hand has been playing its part on the share price. If it wasn't there... we'd likely be 14p levels right now.
Alot of of pent up steam building and when it blows... it will blow fast and hard.
Well this is as good as an RNS this morning and hopefully we should break into the 9's today, which would be extremely nice...
NICE, lots to look forward to
Well Schlem, when this does go off you'll be able to afford Spanish lessons buddy, ( i'm sure you can already though) 😜
Additionally, the ministry has set itself the goal of addressing the requests for concessions that were pending before the mining registry was closed. The official recorded that in 2018 said registry was closed, but some small, medium and large mining requests remained to be attended to. Regarding medium and large mining, there were 75 pending procedures and of those, 13 have been attended to by 2023, so there are 62 left to attend to.
During this period they want to finish serving them. Regarding small mining, in 2022 37 procedures were attended to and in 2023 64 were attended to and this year a balance will be attended to. In non-metallic mining there were 78 procedures pending attention before the closure of the cadastre and 46 were attended to until December 2023; and during 2024, 32 pending procedures will be attended to. In the artisanal mining category there were 174 before the closure of the registry and 79 have been attended to. The rest will be attended to during the term of the Government.
Another project that is underway is Cascabel, managed by the company Sol Gold. Regarding this concession, the company completed the issue of its pre-contractual phase and is now going to a change of phase. In the next month or two months the project will be signed as such.
The vice minister said that in 2023 mining will generate a tax revenue of $658 million. In addition, mining exports were $3,099.13 million, which was the fourth item for the national economy. This year he would come in third place. He stated that a few days ago, during the PDAC fair in Toronto, Canada, investment intentions for $4,000 million were signed. (YO)
And you accuse me of deflection!
The government of President Daniel Noboa has three mining projects in sight that will advance at a good pace in the coming months. This is the second phase of the Mirador project, in which the pre-contractual negotiations were completed and the previous permits were obtained. This project, which is managed by the Chinese company Ecuacorriente, is the continuation of Mirador and must receive, this week, the fiscal sustainability opinion from the Ministry of Economy and Finance, in order to be able to sign the corresponding addendum in 15 days.
This was announced last Wednesday by the vice minister of Mines, Andrés Delgado, who also described the various projects that are underway. He did so during the rendition of accounts agreed by the Ministry of Energy and Mines.
Another project that is underway is Cascabel, managed by the company Sol Gold. This project presented a few days ago a new version of the study of prefeasibility, in terms of the conditions previously negotiated with the Government of Ecuador in July 2023, which confirms the economic viability for the development and financing of the Cascabel project.
The first phase of investment for the development of the project, of $1,500 million, implies an optimization of more than 40% of resources compared to previous estimates; However, the total investment throughout the project is similar to what was anticipated in the previous prefeasibility study. This approach optimizes project development by gradually expanding operations, efficiently managing costs and minimizing financial risk. It is expected that the project will produce 2.9 million tons of copper, 6.9 million ounces of gold and 22 million ounces of silver during the mine's first 28 years of life. In the next month or two months the project will be signed as such. Thus, the pre-contractual phase ended. It is within a period of six months to sign the mining exploitation contract.
Novice - I'm only 46 fella but Google won't translate it for me. It doesn't like me!
My apologies adikt.
I wasn't sure which of my 2 posts you had me on filter.
It appears to change daily.
I'm guessing I'm of filter today.
I wonder if you could do a little post early each day to let me know, whether I'm on or off.
Add - if only
I see DGR's released company results though nowt much new about SOLG
Yes Schlem, you right click and select translate to english ? are you quite old or something ? However it's just a confirmation of what we already know and why the stock has risen some 20% in the last month, just a shame we started from a base of 6p... Nothing to see or hear now just a case of being patient and accept it will take some time but deffo moving in the right direction
From exploration to exploitation surely implies funding is secured? It is surely preposterous that the opposite would apply ie, funding not in the bag in whatever form that funding takes...
Schlem, yes. It says we've been sold for £3.45 per share.
'Another project that is underway is Cascabel, managed by the company Sol Gold. Regarding this concession, the company completed the issue of its pre-contractual phase and is now going to a change of phase. In the next month or two months the project will be signed as such.'
'Another project that is underway is Cascabel, managed by the company Sol Gold. Regarding this concession, the company completed the issue of its pre-contractual phase and is now going to a change of phase. In the next month or two months the project will be signed as such.'
I was referring to your long held opinions and specifically your comment at 23:28 in which you say 'to stop unsuspecting fools buying into solg', not your reply to Fort. So it's hardly a case of me 'deflecting', I was addressing your direct quote.
1984, not all are as astute and savvy as you.
Ive read many instances on here of people seeking advice on investing in solg.
You need to accept, that not everyone knows about.
Heat pumpd
Electric vehicles
Climate change
Margerat thathcher
Gdp
Experts on how the financial markets work
Own castles in the northern UK.
Petrol engines
Covid
Immunisation
Thankfully we have you to enlighten ud
La primera fase de inversión para el desarrollo del proyecto, de $ 1.500 millones, implica una optimización de más del 40 % de recursos en comparación con estimaciones anteriores; sin embargo, la inversión total a lo largo del proyecto es similar a lo previsto en el anterior estudio de prefactibilidad. Este enfoque optimiza el desarrollo del proyecto al ampliar gradualmente las operaciones, gestionar eficientemente los costos y minimizar el riesgo financiero. Se espera que el proyecto produzca 2,9 millones de toneladas de cobre, 6,9 millones de onzas de oro y 22 millones de onzas de plata durante los primeros 28 años de vida de la mina. En el próximo mes o en dos meses se estarÃa firmando el proyecto como tal. AsÃ, la fase precontractual terminó. Está en un periodo de seis meses para firmar el contrato de explotación minera.
Adicionalmente, el ministerio se ha puesto como meta atender las solicitudes de concesiones que estaban pendientes antes de que se cerrara el catastro minero. El funcionario recordó que en 2018 se cerró dicho catastro, pero quedaron algunas solicitudes de pequeña, mediana y gran minerÃa por ser atendidas. En cuanto a la mediana y gran minerÃa quedaron 75 trámites pendientes y de esos hasta el 2023 se han atendido 13, por lo que quedan 62 por atender.
En este periodo quieren terminar de atenderlas. En cuanto a la pequeña minerÃa, en el 2022 se atendieron 37 trámites y en el 2023 se atendieron 64 y este año se atenderá un saldo. En minerÃa no metálica habÃa 78 trámites pendientes de atención antes del cierre del catastro y se atendieron 46 hasta diciembre del 2023; y durante el 2024 se atenderán 32 trámites pendientes. En la categorÃa de minerÃa artesanal habÃa 174 antes del cierre del catastro y se han atendido 79. El resto se atenderá durante el tiempo que dure el Gobierno.
Otro de los proyectos que está en marcha es Cascabel, manejado por la empresa Sol Gold. En cuanto a esta concesión, la empresa culminó el tema de su fase precontractual y ahora ya va a un cambio de fase. En el próximo mes o en dos meses se estarÃa firmando el proyecto como tal.
El viceministro dijo que en 2023 la minerÃa generó una recaudación tributaria de $ 658 millones. Además, las exportaciones mineras fueron de $ 3.099,13 millones, que fue el cuarto rubro para la economÃa nacional. Este año quedarÃa en tercer lugar. Destacó que hace pocos dÃas, durante la feria PDAC en Toronto, Canadá, se hayan firmado intenciones de inversión por $ 4.000 millones. (I)
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