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Most interesting part is the commitment of $3,2B
Scott knows how this is getting funded.
Wish...your hard earned cash doesnt disappear unless you sell before monetization is achieved...
2.9m at 9.5 average and patiently waiting...good luck.
Excellent news, another part of the Jigsaw put in place, the Big Picture coming into view,
Great result by the BOD
Let’s play guess the end of day share price…
There you go shippy is that juicy enough for you ? Mind you I wonder if the price will perform with the usual apathy
55p by this Friday maybe 🤷♂️
Hfm...SOLG IS NOT AN AIM STOCK!!!!
I'm hearing from friendlies that there are a lot of filtered muppets on this thread that are changing their tune regarding Scott.
Scott is delivering the goods. Funding will be revealed very soon.
Q, wherever we sit on the production argument, this is great news and will hopefully lead to far more market confidence.
$3,2B commitment sounds like the phased approach is already out the window.
Someone with deep pockets is going to fund cascabel.
Noboa or SOLG wouldn't be making any undertakings without knowing how it would be financed.
I'm thinking of becoming a citizen of Ecuador so that I can vote for Nobby at the next election. Seems my prediction on Friday was spot-on.
DBW, I suppose we mustn't crow - oh, hang on - why not?
Oh well, I guess that means the finance has been sorted, and why we have two new finance guys.
We do appear to be moving a little faster.
OK, I apologise. But, then when you see your very hard earned cash disappear having invested into "A No Brainer Investment", there have to be times you feel very aggrieved! I now I am but an amateur at this and took a punt!
We are NOT there yet!!!! El Dorado!
Just the minor issue of us having to find $3.2bn over the coming years.
Bingo! It is the IPA.
Cascabel Complementary Investment Protection Agreement
SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint
declaration with the Government of Ecuador in preparation for the execution of
the Complementary Investment Protection Agreement ("IPA") for the Cascabel
Project ("Project" or "Cascabel") in Ecuador. The signing took place in
Toronto at the Prospectors and Developers Association of Canada ("PDAC")
convention, representing a significant advancement in the Company's commitment
to the Project and its partnership with the Ecuadorian government.
The signing was conducted by the Minister of Production, Foreign Trade,
Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of
SolGold, on behalf of SolGold plc and SolGold Finance AG, along with
representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A.,
in advance of the definitive Complementary IPA to be signed in Ecuador.
In addition to the US$311 million investment addressed by the current IPA,
under the Complementary IPA, there is a commitment to invest a total of US
$3.2 billion over the subsequent years in activities related to the Cascabel
mining concession. The Complementary IPA embodies the largest mining
investment in Ecuadorian history, highlighting the scale and importance of the
Project, SolGold's commitment, and the impact on the broader Ecuadorian mining
sector.
SolGold's CEO and President of SolGold Ecuador, Scott Caldwell, commented:
"The Complementary Investment Protection Agreement not only reinforces the
protections for our key investment in Ecuador but also symbolizes a deepening
of our relationship with the Ecuadorian State. President Noboa's attendance
and insightful speech at the PDAC convention were warmly welcomed by the
mining community and underscores the significant support of his administration
for responsible mining in Ecuador."
Morning all interesting times indeed.
And all those who said Scott was sitting on his hands and achieving nothing may now have to hold their hands up.
Those 30m options might well look cheap again soon .
I won't be surprised if AJ gets sparked out tomorrow night. Worth a punt.
Here is an image of Scott signing something
https://x.com/ByronBayGold1/status/1765250191756501040?s=20
David, following the merger with Cornerstone the whole landscape changed. The company is no longer in the control of NM and a significantly different approach has been adopted. In fact, the company can no longer be regarded as being Australian and the axis of power has shifted firmly to the Canadians who came on board with a clear ambition to create shareholder value.
The new team have stated they do not regard us as being producers and have been gradually putting in place the many building blocks to make us appear to be a viable and compelling investment story.
Following the PDAC meeting over the past few days, it looks like we are on the cusp of a significant announcement which will hopefully move us further along the path to a monetizing event for shareholders.
Pbow, thanks for the link.
The details are going to be very interesting. Does this imply a new IPA, or will it relate to more specific investment plans? The article yesterday said that there will be no expenditure implications for the government, so one has to assume that in return for this commitment we will be given various assurances on licences and protections.
At long last it looks as if real progress has been made. Fingers crossed, chaps.
Communiqué Chamber of Mining of Ecuador
At a crucial time for the Ecuadorian mining industry, President Daniel Noboa Azín led a series of strategic meetings during the World Exploration and Mining Convention in Toronto, Canada.
In collaboration with the banking giant BMO, a meeting was held with investment banks interested in Ecuador.
At the meeting, which was also attended by authorities and partners of the mining companies of the Chamber of Mining of Ecuador, the president commented on the conditions in which he received the country, the lines of government, the ways in which it is facing organized crime, and the plans to make Ecuador a safer country and thus more attractive to investments.
After the meeting and with the presence of the ministers Andrea Arrobo, of Energy and Mines, and of Production, Foreign Trade, Investments and Fisheries, Sonsoles García, the signing of six investment agreements was carried out that represent a joint value of more than USD 4.8 billion, which represents an unprecedented milestone for our country and reflects the transformative power of the mining industry.
This signature represents a testimony of the mutual interest of both the Ecuadorian State and investors in developing sustainable and responsible mining projects.
The investment commitments were made through notable projects in the mining industry.
Among these projects are: Cascabel, led by Solgold and signed by Scott Caldwell; Crabs, by Lumina Gold, represented by Marshall Koval along with Diego Benalcázar; La Plata, from Atico Mining, subscribed by Alain Bureau; Cóndor, by Luminex - Adventus, signed by Álvaro Dueñas; El Guayabo, from Torata Mining, under the signature of Sergio Rotondo; and Bactech with representation by Ross Orr.
These collaborations represent a significant commitment to the growth and sustainable development of the mining industry in Ecuador.
These agreements not only lay the foundation for future negotiations, but also demonstrate a shared commitment to economic growth and job creation, while addressing concerns about environmental and social sustainability.
Ecuador's participation in PDAC 2024 not only marks a milestone for the convention, but also establishes a new chapter in the sustainable development of the country's mining industry.
David. if you go back over bbg or dreamboats history from 5 or 6 years ago.
there saying exactly the same today, nothings changed.
as for novice. I'm pretty sure he hasn't held for as long as he says, so maybe a couple of years with him.
but also exactly the same as what he was saying then.
they think if they get something wrong, keep posting it, and it will come right.
ByronBayGold, Novice, and dreamboat, I recognize you guys from a while back.
Whats the deal with SolGold these days?
What happened to all the takeover talk when Nick Mather was CEO?
This company still hasnt been taken over 4 years later?
Been holding for 6 years. Lesson Learnt