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Oh great and wise leader, Kalneedabari.
Pray share with us your great wisdom to us mere mortals.
No doubt thou hast sold all your holdings in that unlikely mining pit - because of bad people. Tell us oh great one, are there other investments in countries where there are big mines and investments where there is not such badness. Maybe you have invested in Mexico or Chile or Brazil.
Please tell us oh wise sage , that we may learn from your goodness and we thank you for warning us about that nasty Solg thingy.
Don't disagree with you Fort. I suppose I'm just concerned that Ecuador is particularly dangerous right now and that's just not conducive to trying to break new frontiers be that in a political context or other.
I hope Scott and SOLG can overcome it.
Yes fort. that's a better view of things. than just dismissing it as a couple of drug gangs. well done
For as much as I would like to see a higher price, I doubt that we will go beyond the 30-40p range. I would love to be wrong of course, and get the big sale followed by the 60ft sailboat.
Good luck to you BBG. Expect we'll all be long gone before you see that sort of return.
SOLG would hqve to be a viable and expanding producer to court 200p. More chance of finding some rocking horse sh*t in Byron Bay.
45 to 57
Well nerdylife a few of us have given an opinion of our thoughts on achievable price, what's yours ?
I think 200p unlikely but like your bullishness. For anyone wanting to take the risk on Alpala without the crucial elevator/decline drill data for block caving... they'll expect that risk to be factored into the price eg... big discount.
Bozi... Brazil mining and international commerce with major Super majors has been up and down but they are still there and they are still doing exports as are Peru, Chile and others.
It's very sad but I'm afraid to tell you it's par for the course in these regions as below link shows. Ecuador is actually way way better than bulk of SA countries. But politics is very different over there to what it is over here. They shoot you dead over there, whereas over here they just kill you a different way... usually through the press/media.
https://www.reuters.com/world/americas/brazil-party-official-shot-dead-pre-election-political-violence-escalates-2022-07-10/
I agree novice. some of the unresearched posts on here leave a lot to be desired. fort obviously posted the first thing that came into his head.
as you say onwards and upwards. 80p by xmas. or even better bbg £2 sounds good. very achievable
Sorry adikt. missed the date on your post. my apologies.
having said that though. its a little bit out of date.
none the less, im sure common sense will prevail eventually. whoever gets in.just not sure ive got enough years
Actually Bozi, I am waiting for 200p as this has increased in so much value recently.... happy to wait as long as possible too
Even the words most corrupted and violent country has its day... Ignore the nonsense posted here Ecuador will do what it needs to do after all look at the Colombian reputation and look at the reality
https://www.worldstopexports.com/colombias-top-10-exports/
ONWARDS AND UPWARDS!!!
Nal, read my post.
Adikt. perhaps you could tell us the date of that interview.
Fortisimo. just the findings of another major report. hopefully after reading my last couple of posts you will conduct some research before posting.
Corruption allegations have also swirled around Ecuador’s justice and security system. Last year, the US withdrew visas from high-ranking officers of Ecuadorian state security forces, alleged to be linked to drug trafficking, as well as several judges and lawyers.
Lizarazo said graft has penetrated the police, military, the judiciary and even the executive,
Fortissimo, click on any link, corruption in ecuador. not just a couple of gangs. wishful thinking does not alter facts
Most alarming of all, the Albanian mafia is alleged to have coopted members of Lasso’s inner circle. In January, the digital media outlet La Posta published a report based on a leaked police intelligence document attesting to an investigation into the possible mafia ties of several top government appointees. Two police generals were subsequently caught on tape discussing closing the investigation into the allegations in order to protect the president.
Fortissimo. your obviously not aware that the incumbent presidents brother in law, stands accused of being in the pocket of these cartels. and by definition the president is also taking back handers. also its widely reported that the mafia type gangs have heavily infiltrated all government departments.
its also heavily reported that kidnapping and extortion of prominent Ecuadorian citizens is becoming common practice.
I strongly suggest that before you continue to dismiss the problem as a couple of gangs fighting over drugs. you do some research.
if you look back over my response to quads claiming it was a tourist thing, you will see my documentation to back up what im saying.
you will find its exactly the same as I was saying last April, when met with ridicule.
An interesting video of an old interview between Crux Investors and Salazar resources on YouTube. Specifically, the section from about minute five is as relevant today as it was when the interview took place in 2020. It's worth listening to another mining company's perspective on the situation in Ecuador.
The Salazar representative states that mining is 'no longer a political issue' as all parties recognise its importance to the economy and the various social programmes. Personally, I think he's over-stating the case somewhat, but from an economic point of view he's right.
Separately, a few days ago Lasso asked the Constitutional Court to overturn its decree relating to mining referenda. A spokesman stated that the country 'cannot stop economic activity'. Of course, Lasso will be out on his ear shortly, so one wonders what impact his request will have. In any event, Cascabel remains unaffected by the decree.
Bozi, from what I gather it's some gangland battling between main drug dealers. Ironically, it's the export side... eg the Colombian's that are unhappy with some politicians. Bulk of Ecuador is absolutely fine, it's just drug cartels fighting it out as they've had their brown bag brigade disrupted... which happens with every Election or every 4 years.
Ecuador like Colombia and majority of SA is heavily dictated by the cocaine trade that all these countries 'openly' do. The world needs the white powder apparently!
I agree 80p or 100p not to be expected here. 79p possible though.
Bozi. You clearly haven't read our resident experts views on the turmoil in ecuador.
It's just tourist related.
Once the holiday season is over, 80p is nailed on.
Novice is never wrong.
No chance of 80-100p here Novice.
Another high profile murder today. The country is again becoming uninvestable.
I certainly would be uneasy about moving out there if I was Scott. Ballsy.
Nice to hear from you BNC
Hope you are well
Doh I missed shippy and pinot etc
its the alzheimer's
Stack high your 14p prediction is a moment in time stamped for posterity, what will you do now, sell up ?
All of us GLTH have a much higher target of at least 80p to £1 that’s when I will even look to sell. You may be right today but in a few months/years we will be right with all the moons ever so slowly aligning
ONWARDS AND UPWARDS!!!
The resource trade is getting spanked today. Suitors know they are entering the sweet spot now.