Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yea Darren.
will you have pink pigs flying over.
Just to add as per the newspaper article every single canton in Imbabura province (where Cascabel is located) is in the low risk group so no curfew applies.
Further please find a link to the UK foreign office travel advice.
https://www.gov.uk/foreign-travel-advice/ecuador
This a copy and paste directly from it.
State of Emergency declared
In January, the President declared a 60-day state of emergency (SOE) across Ecuador following an increase in criminal activity and security incidents.
The initial daily curfew has been now replaced by a traffic light system. Different districts (‘cantones’) have different restrictions.
High risk cantons (red): from midnight to 5am
Medium risk cantons (yellow): from 2am to 5am
Low risk cantons (green): no restrictions
Do you know better than the UK foreign office too?
Needalife I am loath to post on this board as i find people like you somewhat annoying.
Notwithstanding here is a National Ecuadorian Newspaper concerning the torque de queda which is English means curfew.
https://www.eluniverso.com/noticias/ecuador/conozca-el-horario-del-toque-de-queda-en-ecuador-para-este-lunes-5-de-febrero-del-2024-nota/
I appreciate you may not be able to read Spanish so I will translate sections for you.
"The movement restriction hours are based on different risk levels: high, medium and low."
"For three and six hours during the morning each day of the week, including Saturday and Sunday, it is prohibited to circulate in 61 cantons of Ecuador, divided by its level of risk."
"A total of 38 cantons are considered to have a high risk and traffic restrictions will continue from 00:00 until 05:00" It then lists them - I cant be bothered.
"The traffic restriction for three hours during the morning, from 02:00 to 05:00, will extend to a total of 23 cantons" it goes on to list them - I cant be bothered.
It then lists the ones with low risk where "In the cantons categorized with a lower risk if the restriction of freedom of movement is totally eliminated, it is decided that there is no need to do so." - it doesnt say how many there are but its a lot more than have and i cant be bothered counting them.
So unless you are saying that a national newspaper in Ecuador is telling lies you are wrong
Orphencopper,
Not sure what you mean? The original PFS was printed May 2022. If using US inflation numbers for 2022, then 6.5% would be baked in.
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
Today, if they publish using 2024 US inflation numbers, then you will be lookint at around 3.5%.
Hence why they have waited for figures to drop before publishing.
In simple terms, US inflation has halved since the last time SOLG issued a PFS.
Perhaps I could send you a photo of me standing in front of the letters which say \ibarra in the city? or maybe a photo of my house with me holding a local newspaper el norte which is the local rag with current date. what a plonker!
GLA
DK
Darren, as we know, facts aren't his strong point. It's much easier just to make it up.
Anyway, as we all know, he doesn't live in Australia. In fact he lives in West Bromwich, where he runs a burger bar at the football stadium.
You really are a strange character! What proof do you need that I live in Ecuador? You state I am not in Ecuador!!!!!! on what grounds? How do you supposedly know I am not living in Ecuador? you state the curfew is national, it is not!!!!!!! how is fact a wishfull thinking abusive misleading post !! What a Richard Edward you are!!
GLA
DK
Dbw, bnc, adikt, Darren.
Read the below posts. Official government updated advice.
Not the 4 of you posting wishful thinking abusive posts, misleading people
Darren. That's because your not in ecuador. Only the desperate, craving news, believe you.
The curfew is national.
I don't want to sound like adikt.
But I have friends of friends who've been and still are in ecuador.
There reporting they wouldn't go out after dark.
And the authorities still have road check points all over.
And whatever you and the other clowns try to bulk s££t your way through.
The country is not safe at this moment
Last I saw was about 20 percent of all provinces have mid to high risk assessments now in place. By my reckoning that means 80 percent have no curfew !
GLA
DK
Evening all. NAL I suggest you yourself do some research into the facts! The national curfew that you claim to be fact was actually ammended late january! Each province was designated a certain curfew or non atall according to goverment assessment of risk!
GLA
DK
BNC. I repeat my replyto adikt and his rose colour specs.
can you name many other countries that have a 60 day national curfew ln place.
because if unlike adikt, you take the time to do a bit of research, you will find that's what the ecuador
government has had to do, to stop civil unrest.
there the facts as they stand, no matter what some posters who stands to lose shirt tell us.
I know there’s a disconnect but my question remains. Why pay $100m for 1% when you can have the whole shebang for $300m?
It is of course down to the politics and the chess. Id we run out of money we’re instantly worth half what we were before until someone makes a move
Royalty deals will only happen if they think it will definitely be mined
1984. You ask why would Franco stump up a billion in royalty for a company “worth” 300m ? Well they stumped up 100m for 1% !
Forget about the current sp - it’s not an accurate reflection of “worth” Simple as that . If you thought so you wouldn’t be here ; none of us would
Who knows - maybe they might move away from their streaming model and bid for the lot . Stranger things have happened ...
Not like the media/news fraternity to blow things out of proportion and sensationalise to sell their respective "Stories"
nice to hear from boots on the ground for a dose of reality
thanks for sharing DBW and atvb m8y
R's
BN.c
Correct.. . And I was originally talking about inflation over the last 12-18 months, not future inflation… even the original 4.5bn capex would now be closer to 6
If you think construction costs/capex are 2-3% more than the last PFS the I have a bridge to sell you
Try 50%
Ortherncopper, the inflation story doesn't really apply much going forwards as I suspect it will be US dollar based PFS with metal prices in dollars as well. On that basis, inflation of 2%+ or even 3% is not going to be a country mile from the last PFS.
Metal prices should be same as last PFS although POG might be up a bit.
If the phased mine plan is based on 5 to 6 years mine life, then it's not going to require £2bln capex. A bit of common sense required. It's all about IRR so if Alpala phased plan is based on 4 or 5 phases of 5 to 6 year production, then in theory phase two would need to kick off after year 3 if assuming a 2 year build out. Lower block cave work likely to be required alongside with shaft work tests etc going on while first phase underway.
This will not be a massive money generator based on Phase 1 imho. But even an IRR on lower risk of 25%+ is very very attractive especially if phase 2 is derisked along the way as it effectively becomes phae 1&2 (or 10 to 12 plan) mid way through phase 1 and then that starts to generate serious profits for those involved especially if metals prices are heading where major US banks forecast.
Out of interest BPHIL why would Franco stump up a billion for a partial royalty on a company worth under $300m?
Wouldn’t they be better bidding for the whole business?
Well they’ve made a pigs ear of it so far spaffing £3m a month and getting nowhere, that’s why we’re diluted so badly.
Capex v recovery won’t change that much, what will change is the desire for metals which will drive up their price and therefore their viability to be mined
We’re at the absolute bottom. If this mine is ever to be viable it would attract a bud soon.
Don’t forget the PFS is largely BS anyway, a buyer would mine it their own way from the off
I think the colonel understands that quite well, 1984.
The idea of Franco stumping up a billion even if it’s for a far higher percentage than the previous donation is very appealing . That would be the catalyst for bids.....in theory
And if the deal were to leave some left over for active drilling elsewhere, all the better. At least we’d be back on track after the stalemate
All in all the negativity is way overdone imo.
That hope of a capex of around 1 bn is probably way too optimistic in my opinion.. doesn’t take in to account the large dose of global inflation… if we can get under 2bn it’s a result. As long as they are not shrinking the initial mine scale too much to achieve it.
And if, when the PFS update is released, there is no supplementary financial details of how Solgold intend to move forward with the new lower capex, I will suggest the share price will finish the end of the day in the red after a brief green jump start.
Hopefully we will soon find out.
Drake. Let me make it simple for you to understand.
Solgold want a bid, bidders want dilution. The only thing that angers them is royalty deals
Strategic review/endless PFS refinements it’s all a game of who folds first. Suitors are happy to let us spaff money on rubbish and dilute ourselves so long as another suitor doesn’t make a bid first
Luring a first bid is what the game is all about and doing it while we don’t have a trillion shares in issue would be ideal for us
more rampy unsubstantiated ****** from fort. yawn.