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When one considers the excuse given for the website delay over a month ago, and if you understand that to remedy that would take one developer at most one day, then
A) It is being held to align with an update, or
B) Solgold have reached a spectacular new level of incompetence and waste
*talking a stock up
Morning DBW
He should be willing to talk the stock openly if he's going to put his thoughts out there. I don't subscribe to only talking a stop up when you hold it.
The delays with the website are poor really. It doesn't inspire confidence that SolGold can achieve much else if they can't get a new website up and running promptly.
The whole theory of aligning it with a news item doesn't really float for me either. It sounds like a ramp that is best left for the sh*te on AIM.
Just get the new website up SOLG and announce any news when it is ready for release to market.
Morning Bozi
No idea if Irwin is right but he’s invested so I guess his opinion is relevant ( unlike some on here recently) plus he’s hardly likely to talk the stock down …… it’s just a waiting game now
I was told a month ago the revamped website would be ready in a couple of days . One theory is that they were expecting to announce something alongside its launch but who knows?
I do feel for Warren. He has, by proxy, become a virtual masseuse for bruised SOLG bulls who need regular reassurance.
I'm sure he'll be thinking "I didn't sign up for this!"
Lets hope he is right.
He doesn't seem to be getting Quady's message that it's clear it's going to production for some reason?
Ah, that'll be because he too is a Mathematician, understands logic and isn't a moron!
For those of you not interested in WI please feel free to ignore this
https://twitter.com/itswarrenirwin/status/1692312091766735143?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
*bankrupty protection
The soldier might not be a bad option for us, he may want to beef up security which will require more in the tax coffers. Mining can give him that.
As for polls, well we simply can't rely on them. They all depend on whom you ask. I doubt many indigenous people in small villages or TCLs have engaged
Chinese Real Estate giant files for bankruptcy
Here we go
Environmental issues are now way down the list of priorities for the electorate.
Incidentally, I've come across a paper written by two Ecuadorians about Chinese involvement in mining. It was published in 2021 by the Carnegie Endowment for International Peace and can be found on Google. It's well worth a read.
I think a Gonzalez / Topic run off will be fine for us, clear winner of these two even better. Removes the uncertainty of the environmentalists screwing thing up for us. Fingers crossed 🤞 . C
To note the stellar rise in the opinion polls of Jan Topic. Equally interesting is the collapse of Gonzalez's and Perez's support.
Given security is now the number 1 concern for the voters and Topic is an ex-soldier, I suppose this is not unexpected. Looking at his cv, which is 'unusual', I think his background may be more favourable to us.
Burry's position is interesting and far more nuanced than the headlines suggest. His main angst is that tech stocks are wildly overvalued and this is difficult to argue with. His position on the S&P is more complex, as is demonstrated by the fact he's long on a number of stocks.
It should also be borne in mind that since 2008 he's only been right once - when he described bitcoin as being a speculative bubble - and it didn't take a genius to work that one out. Mind you, only a fool would completely discount what he says, particularly as it relates to the money supply.
Whilst the political situation is beyond our control, we appear to be doing what we can to ensure the local community continues to benefit from the Cascabel project ….
“For its part, SolGold, the company responsible for the Cascabel gold and copper project, is also promoting programs that have generated a positive impact in the parishes of Lita and La Carolina in the Ibarra canton, Imbabura province.
In terms of health, it works in coordination with local governments through cooperation agreements with which improvements were made to the infrastructure of medical centers and the homes of resident doctors.
Also read: Mining in Ecuador: Companies ratify their commitment to boost the economy in areas of influence
Medical supplies are also delivered and collaboration with the mobilization of health brigades so that their services reach priority groups. In 2022, 7,016 services were provided with this project.
Likewise, it opened three computer centers in the communities of Getzemaní, Santa Cecilia and Parambas, where more than 300 families access these interactive consultation and navigation spaces.
In parallel, SolGold develops the Café Cascabel project with which it seeks to implement 110 hectares of this product. In 2021, the delivery of plants to producers began and to date 74 hectares have been planted, benefiting 79 farmers from Lita, La Carolina, Jijón and Camaño in Carchi.
As part of this plan, economic incentives, fertilizers, phytosanitary kits were granted, and a team of agronomists and agricultural promoters was formed to provide technical support to producers.
During 2022, SolGold's investment in its social programs amounted to more than 1.6 million dollars.
Another mining company that seeks to diversify agricultural production and generate new business opportunities for communities is the mining company La Plata de Atico Mining Corporation. Its Sembrando Futuro project promotes agriculture in the Palo Quemado parish of the Sigchos canton, Cotopaxi province.
The La Plata Operations Manager, Fabricio López, indicates that the initiative contemplates the progressive planting of seven hectares of non-traditional products from the area; the formation and strengthening of the agricultural production association Tierra Unida; the generation of transfer processes of good agricultural practices; and training for the producers of the parish.
For the execution of the project, more than 42,000 dollars were invested, among the actions carried out were the construction of infrastructure; planting and care of agricultural products such as that of more than 15,000 sweet potato plants. Soon, about one more hectare will be planted”
https://www.vistazo.com/amp/enfoque/proyectos-mineros-impulsar-desarrollo-comunitario-CL5782224
1982Investor - the caped crusader who generously unveiled itself yesterday at 17.30, 7 messages, flies in to save us all from our investment folly. Put this one on ignore.
1982Investor is talking from both sides of its mouth, and is a selfish wannabe manipulator.
Burry is the guy who has regularly put on these bets, and since 2008 he has predicted 27 of the last two crashes. He is a well known permabear. He has obviously been right, but not very often.
1982Investor, however, is a manipulator, as it has already sold its long position, ( perhaps gone short ) and hopes there will be a panic and drop. it will be scooping up those shares and waiting for the long opportunity. Traders talk heir book. Snakes have a forked tongue. This BB has a marginal effect on sentiment, but 1982 cant stop itself and plays out this pantomime to flatter its ego.
His exposure is $1.6bn, that's fairly to understand. His puts are on S&P500 and Nasdaq100 Indices, that info was provided below so you don't need to remember it, just read it.
Additionally, Buffet's fund has sold net $8bn this year despite Wall Street's gains of 17%.
These people see it. I see it. The Maths really isn't difficult.
Idiotic increase in money supply directly parachuted into the economy this time, even more idiotic and pointless/failing measures (rate rises) to try and tackle it without understanding that retail borrowers aren't nearly as connected to the bank rate as they used to be when interest rate rises could control inflation.
Suicidal energy policies leading to dependence on other countries for energy security. Ballooning public sector and immigration crisis.
Who is going to pay the surging demand for tax pounds when the urging demand for mortgage repayments consumes all cash?
There's a crash literally on our doorsteps. America is some 4 months ahead of us on the curve
To suggest as you have done that he has risked anywhere near 1.6bn of his fund's cash is so wide of the mark it shows you haven't really understood the bet he has made. It's like me saying if I placed a 10 bet on a horse at 50/1 I've made a £500 bet. He's taken out some put options on SPY and another ETF that I can't recall from memory.
Yes he is short the market and FWIW I think he will be right but the sensationalist reporting of it is a nonsense and you of all people should know better our mollusc friend.
Shorts is the plural of short.
He has two SHORT positions of a very sizeable nature, one on each of the the indices mentioned below.
Which bit don't you understand or class as "financially illiterate?"
Read the article for yourself, it's in most of the broadsheets today.
Do you understand what put options are? Do you understand the size of confidence of this bet that he is willing to put 90% of his portfolio on it? They made a movie about this guy. He's not a dimwit on an internet forum
If you really think he made "$1.6bn of shorts" you're as financially illiterate as the journalist who penned the article.
Just facts, hopefully the Fed and BoE reverse back from the abyss but right now they're trashing their respective economies.
See in the DT today the guy who made a fortune from spotting the 2008 crash has placed $1.6bn of shorts (2x put options on S&P500 and Nasdaq 100) - he's looking for a significant crash and all the warning signs are there.
Meanwhile the incredibly incompetent Bailey continues to use a one year lagging indicator to measure inflation...when it already passed in Jan/Feb this year (hence how snake Sunak was able to confidently predict a halving of inflation, it was already baked in and nothing at all to do with interest rates - the latter will just shatter the housing market and economy)
FFS 1982, If the 2 first statements occur then WTF does it matter, we'll all be foooooked for a while whatever stock, pension, savings, property you hold you numpty.
Believe me a few million or so shares in a small but prospective discoverer will be the least of our worries.
Now quit with the negative nonsense... WAWWA 🤷♂️
Chinese economy collapsing fast, America next.
If it's not sold soon it may need to be mothballed
Sleep tight Parrot Zzzzzzzzz