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I have trouble finding accurate (truthful) statistics showing a breakdown of tax paying v benefits claiming immigrants over recent years. Such information would be useful when discussing the pros/cons of Border Policy.
1984, I get the impression from reading your posts that you are unmarried with no kids. Am I correct?
So, you do know the reason why the government is allowing ethnic people into the country is to make up the tax base because white folks aren't having kids, and the population is aging? I think folks need to do their duty and reproduce the required 2.4 kids. Otherwise, there won't be enough of us around in 10 years time to drive back the invading hordes😆
One cannot complain unless one is doing one's duty in the bedroom!!😆
"Pierre Lassonde Says Gold Could Hit $25,000 in 30 Years...."
https://www.forbes.com/sites/greatspeculations/2019/09/23/pierre-lassonde-says-gold-could-hit-25000-in-30-years/
"Pierre expects the Dow to Gold ratio to once again reach parity. He compares the 1976 to 1980 cycle where gold went from 90 to 800, and we saw rampant inflation. Today’s situation is very similar, and that is why he expects gold to ramp up over the next three to five years."
https://palisadesradio.ca/pierre-lassonde-11-dow-to-gold-ratio-25000-gold-coming/
"Pierre Lassonde... Gold prices could soon hit $20,000 — and then go on to reach parity with the Dow Jones Industrial Average at over $34,000. "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173801735
Good pretty much tracks money supply and inflation. As the saying goes, an ounce of gold will always buy you a top quality man’s suit from a tailor. It did in 1980 and it does today
Savile row rope end suits are about 3-4K apparently so we still could be undervalued at current levels
I’ve only ever had a suit from burtons
I think for balance, if I am not mistaken, the point was that gold could shoot up and/or the DJ could crash.
Pierre Lassonde of FNV has this theory that the Gold price should track the Dow in the long term...
In March 1980 the ratio bottomed out at 1.4 when gold peaked...
Its currently c16.50...
When gold peaks next time, could it hit $27,000/oz...i.e. A Dow Gold ratio of 1.4...
In fact Lassonde said gold could go to $30,000...
With some of the BRICS countries, esp China and Russia, buying gold with a view to creating a quasi gold backed currency, could this happen...? It would make those countries immensely rich...
China wants the rebminbi to be an alternate global currency to the dollar and in case you doubt the possibility of a gold backed currency, Chinese citizens also hold large amounts of gold, which could be pledged by the Chinese Govt.
So we may not have seen the craziest moves in Gold yet...
$5,000...$10,000...
And remember, SOLG has more gold than the Japanese government...(and the UK of course, thanks to the economically dumb Gordon Brown...)
Here we go again Add, the inexorable slide to 5p is in full swing once again!! Thanks to Scott The Rocks Caldwell's inability to organise his way out of a paper bag😆 Everything the man does has confusion and guesswork as a resulting consequence!!!
Fort, can you help me with the timelines for the exploitation agreement? I thought the tweet on Friday was related to that, due to the fact that it references the 33 year timeframe that the exploitation agreement covers.
From the July 2023 RNS: https://www.lse.co.uk/rns/SOLG/exploitation-agreement-with-government-of-ecuador-lpviw3v6bmqdwj5.html
"In the following months, the Company must apply to change the SolGold Project's official status from exploration phase to exploitation phase (the "Phase Change Application"). The Company has up to six months after the approval of the Phase Change Application to execute the Exploitation Agreement with the Government of Ecuador. Once executed, the Exploitation Agreement is required to be registered with the Mines Registry and will be made publicly available on the Company's profile on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com."
This agreement was non-binding.
Then from the quarterly MD&A, published Feb '24:
"The Company has applied to change the Cascabel Project’s official status from the exploration phase to the exploitation
phase, which was registered before the Energy and Non-Renewable Natural Resources Regulation and Control Agency of
Ibarra on 6 December 2023 ".
And then:
"The Company has up to six months after the approval of the Phase Change to execute the Exploitation Contract. Once executed before a public notary, the Exploitation Contract is required to be registered with the Mines Registry. The Exploitation Contract will govern the legal, economic, technical, social and environmental commitments of the Company and the Government of Ecuador. Management expects the Exploitation Contract to be finalized and announced prior to end of the current financial year"
Perhaps this news is the finalisation of the exploitation contract?
I don't think it's related to the CIPA agreement which was signed (but doesn't yet mean much) at PDAC.
Morning Fort
Also worth remembering we’ll probably qualify for re entry into the MSCI funds come the 14th May. The same thing that sent us tumbling from 14th Feb could soon have the exact opposite effect.
Maybe they've decided to give it a week before releasing news after the CFO's share purchase lol!
Yep 100% good news.
this latest report in the USA international trade commission backs your view up,
"Ecuador remains a challenging investment climate despite the current administration’s attempts to attract investors. Serious budget deficits and the COVID pandemic forced the government to employ cost-cutting measures and limit public investment. Ecuador has traditionally struggled to structure tenders and public-private partnerships that are bankable, transparent, and competitive. This has discouraged private investment and attracted companies that lack a commitment to quality construction, accountability and transparency, environmental sustainability, and social inclusion. Corruption remains widespread, and Ecuador is ranked in the bottom half of countries surveyed for Transparency International’s Perceptions of Corruption Index. In addition, economic, commercial, and investment policies are subject to frequent changes and can increase the risks and costs of doing business in Ecuador."
it's goes on to say the extraction industry, is having a difficult time attracting investors.
so good news all round.
LM always amazed, that the hours people spend going over every word printed about gold, copper and solg,
nobody ever finds anything, other than posssitive
Looking strong this morning, feels different and clearly the stars are aligning... I predict 12p + by EOW
ONWARDS & UPWARDS !!!
55p someday soon 😉
not sure, but pleased to see some good news about copper.
https://www.lse.co.uk/news/chiles-anto***asta-ceo-foresees-higher-2024-copper-prices-plans-growth-at-home-fjqqxss2jgbyjnt.html
Surely and RNS to clarify matters today?
And kicking them lol!
I thought it was the signing of the term sheet which they pre agreed in Toronto at PDAC. Basically a proper signing on Ecuador turf.
The exploitation agreement has already been signed and agreed. But it is down to SOLG to 'activate it' and they had 6 months from the signing date to do that which is up to June 6th. I'm unsure of the finer details, but it's pretty obvious that the exploitation agreement 'once triggered' will set the clock ticking so not surprising to see SOLG dragging their feet or taking it to the wire.
The chinese have been licking tyres for the last 18 months so they surely can't need much more time now.
Timing....?
Question...is it an event they have to RNS....?
Probably not...maybe they have something bigger up their sleeves, oven ready...
Symptomatic of just how lazy journalists have become, too. Trawling X for news. Did they bother contacting the company for comment? Doesn't appear that way. Perhaps we'll see something later on today.
Exactly. Particularly as the article stated "Solgold said on Friday..." Where did they say it? X is not a substitute for shareholder communication, although I suspect the infant we have recruited to do our comms seemingly disagrees.
Very odd addicknt. If the exploitation agreement has been ratified, it'd be nice to know formally, not on X.
The article posted by SM on Friday was specific and I thought would have led to an announcement today, but nothing has appeared.
It didn't appear to be a re-hash of old news and is definitely of material interest, so why no RNS?
So with the CFO buying shares in open market on Friday, closed period ifted for time being... who's next? Scott buying more stock? I recall him saying that he was desperate to buy more stock at these low prices once out of closed period.
Having spoken to many Muslims over the years, I get the impression they are actually very appreciative of the freedoms they are given in this country.
1984
The press hype that type of stuff up.
I was in Dubai last week and walking around a mall, eating and drinking during Ramadan wasn’t an issue.
They are pretty tolerant and adherence to law is a fair bit better than what we see here in England.
Indi
That’s the point we don’t force our religion on others, we are tolerant.
However when the boot is on the other foot you get swarms of people protesting outside a school in Batley threatening the teachers life, who has to go into hiding, because he showed a cartoon of Mohammed…….
Somehow I don’t see that happening, in referees, in a place where Imran Khan was prime minister. I can’t even write the country’s name on this board FFS……
The problem with Muslims is they don’t like their country because of the way it’s run, so they come here and are trying to turn it into the country where they came from. Thats why their country is not that great in the first place……