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Traditionally the share price always tanks after Scott opens his gob in an interview...
My surmise is that the 'selloff' in gold, copper, silver was actually a dollar surge.
All those metals charts are symmetrical and inversely correlated to the dollar reaching just 0.3% short of an all time high.
They start to recover the instant the dollar cracks...so no worries...but...even at these levels...
The uplift from PFS3 on the figures 'in the ground' at current prices is:
Copper $18.9 BILLION
Gold $19.4 billion
Silver $0.4 billion
Total $38.7 billion
Or £30.9 BILLION
And, using an acceptable industry metric to convert it to delivered metal...
1% of this is £309 MILLION
Thats just the increase in value over and above the PFS3 assumptions
And our MCap is a mere £266 million
And thats JUST CASCABEL...
PORVENIR has $16.7 BILLION of copper and $5 billion of Gold
Total $21.7 billion or £17.5 billion
Which at 1% gives £175 million or...
5.6 pence per share...and Porvenir would be OPEN PIT
Then there is Blanca Nieves, Rio Amarillo, etc...
Now I completely understand that some investors may find these numbers unreal and difficult to comprehend, but...
Its only a matter of time...
Morning Eloro, one reason for the recent sp fall is that SC is slated to speak at the conference in June. Some people were hoping that the business might have been sold by then!
What 'effort' is involved in selling? It only takes the push of a button. I'm sure you can manage it.
As for arbitration, the answer is probably no, but I only said I'm sure SC is trying to negotiate it - every single company involved in similar discussions would try the same thing. In any event, as SM pointed out - which you immediately tried to rubbish - this arbitration issue relates primarily to international trade deals between sovereign nations. Single commercial transactions are not the same thing.
Quite right NAL old Buddy, for once we are in total agreement😆
The default response when a person have nothing constructive to say here: if you don't like it, why don't you sell up and go! It doesn't take genius to come up with that one. The other idiotic response is: you are not a shareholder😆 Add, I would love to sell and go, but your buffoon mate has decimated the SP it isn't worth my effort to sell. Plus, if I sell, you and BBG would be asking: why are posting on a share you don't own? Logic and common sense doesn't exist on this BB. Add, do you think Ecuador would agree to arbitration in London after just passing a vote which says it should be held in Ecuador? I thought you oxbridge guys are supposed to be bright?!!! Nobby would suddenly become unpopular if he agreed to London....going against the will of his people and all that.
Adikt.
Why does every happy clapper on here resort to.
Sell up and move on. When there on the losing side of a debate.
That coupled with, scotty boys doing a good job. And there's lots going on in the background.
Do you not think, how ridiculous your beginning to sound.
Sp in the 8p range
SM, quite right. Commercial contracts will designate where arbitration would take place and London is one of the global centres for such events. If I were SC, I would be trying to get that included in the IPA.
Rk. If bob always responds to your emails.
Why would they send you the secret codes you claim.
Eloro, why am I being difficult? Simply because I disagree with you? Does it not occur to you the same accusation could be levelled against you?
Honestly, for your own peace of mind and given you see negatives everywhere you look, why not sell up? Take your losses - which is not a bad thing- and invest in something else.
Of course he’s invested here BBG, he’s so rich he fancied losing money for s.hirs and giggles so he bought high and holds long while thinking it’s going lower
It’s called Stackenomics
Or in other words BS
Funnily enough addickt, nothing, nil, nada...
Which is interesting as Bob always sends me a courtesy reply, even though it contains the standard "MPNI blah blah...I have 5% invested...Scott has a huge incentive...blah blah...
However, I cpuld take one of two interpretations:
1 He's fed up being unable to reply constructively
2 There is something big about to break...
Of course the vote will not impact the IPA, nor Exploitation Agreement you blistering pratt SM. We will only know what impact this vote will have when or if a dispute arise between solg and Ecuador which require arbitration. Only then will we see how weak our position is. One doesn't have to be a lawyer to see that future possibility. Further, Bob couldn't say otherwise because if he had, the SP would be 1p already and everyone would be slating him like they rightly have with Scott The Rocks Caldwell 30c statement. I see that IQ has fallen. I blame too much alcohol at the time of conception😆
Adikt, once again deflecting.
You've now toid us half a dozen times. The result changes nothing, and nothing to worry about.
It makes you wonder why he called it.
And I also recall you telling us more than once,
When, not if nobby wins the referendum, we will be on the move. Another glorious failure prediction to add to your ever increasing list.
What changed your mind.
Also your memory is failing you once again.
Many people on here have expressed concern about corruption and the financial risk to investers.
No amount of your spin changes anything.
Scotty boy doing a cracking job.
Plenty going on in the background.
Sp, sliding down again. Back in the 8p again.
Eloro.
Nonsense.
- why are you ignoring the fact that PoG has retraced from $2420 to $2300 over the 2 day period?
- why are you ignoring the fact that numerous gold stocks dropped a similar percentage as Solg over the same 2 day period?
.
How do you know that it isn't link to that news Add? You are being difficult. The only news that coincided with the SP retrace was the outcome of the vote. All other known unknowns have not changed to paraphrase Donald Romsfeld. Bottomline, like you, I am surmising. Neither of us can speak conclusively until Scott The Rocks Caldwell inform the market which won't be anytime soon by the looks of it. The poor buffoon is struggling to tie his shoe laces😆
Add, Sangha had confirmed via email to DG in the Telegram group that this development doesn't impact the IPA or exploitation contract. It's more to do with free trade type agreements between countries. Ignore the idiots on here.
Bbg- I got out before this drop. Did you hold? I told you this drop was coming- you could have bounced in and out. No risk of missing out at the moment so I don't know why you'd hold into a predictable drop? Seems madness.
As I've said before, it goes without saying that I've got a small hedge, but that's just for adjustments.
How do you know it was linked to that? Surely it's more likely to relate to the lack of news on funding?
On that issue, has anyone received any form of reply to their emails or phone calls to the company?
Add, what I think isn't that important. The important thing here is the market reaction to the news which wasn't positive, ie SP retraced.
Eloro, yes, it would have been preferable, but the point is the situation hasn't changed. Did you worry about it before, because I don't recall either you or anyone else mentioning it previously? All inward investment into the country has been subject to this for a long time and has it deterred them? The facts appear to suggest not. As for corruption, can you name a developing country where it isn't an issue? Has it deterred people from investing in the dodgiest nations in Africa? No, it has not.
Rampybaygold’s true colours revealed... "terrible for the chances of solg LTHs getting their money back"
You’re clearly way way underwater here
🤡
Add, my concern is that with international arbitration we would have a degree of impartiality whereas with local laws, they can be bribed. We know that corruption is a problem in many Latin American countries, ie Panama, Venezuela etc
Stackhigh's true colours revealed... "terrible for the chances of solg LTHs getting their money back"
Your clearly not invested here
Rinehart's invested $300m recently, which I believe equates to 'hundreds of millions'.
As for Nobby, are you really sure you'd welcome a radical left-wing President? Do you think he's wrong to want to crush the cartels? Clearly, the people of Ecuador don't share your opinion. The parallels with Duerte are very apparent and he managed to turn the Philippines into the fastest growing economy in SE Asia with considerable levels of inward investment.