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Adic. Sounds like a plan.
Maybe Dg1, shippy or copperpot, can suggest it to scott next time they chat. Or maybe the 3 of them can chat to the indigenous leaders direct. That's if Dg1 s calender is free
Sorry. Shippy not chippy. It's no wonder scott hasn't sold us. He spends his days chatting to
Shippy, dg1, and copperpot.
Let's make the bold assumption that these indigenous groups are not entirely stupid and that they are are capable of recognizing mining will be of considerable benefit to the economy.
Similarly, let's assume the government recognises the importance of the ecology of the nation.
This being the case, why don't they reach a compromise? No mining in protected areas, but no objections to those which are not, provided they conform to all environmental conditions. Is this a practical solution?
Just called in to say goodbye to the man child. never was going to hit 20p. despite all that excitement and chatter yesterday
he will be sorely missed.
on another note. read your post the other day chippy, quote
'That is not verbatim but what Scott told me"
ive just worked out. im the only one on here who doesn't, have a contact on the board
Ecuador’s main indigenous peoples’ confederation Conaie is looking to nullify a presidential decree that regulates the environmental public consultation process.
The president of the organization, Leonidas Iza, said in a press conference that the organization together with Frente Nacional Antiminero (national anti-mining front), will file a lawsuit against the decree before the constitutional court on June 13.
That date marks one year since the protests against the Guillermo Lasso government by indigenous groups erupted and which, according to official data, cost the country some US$1bn.
The decree was issued on May 31 by President Lasso and would help unlock a series of projects in various sectors, including the US$250mn Curipamba copper-gold project and the US$176mn La Plata polymetallic project.
The indigenous and anti-mining groups plan to carry out marches against the decree next Tuesday in various provinces and in capital Quito and go to the constitutional court to request that the decree be declared unconstitutional.
Fernando Benalcázar, a board member of Latin American mining organization Olami and former undersecretary of mines, told BNamericas that if the Lasso government does not stand firm in the face of the protests, the situation could get complicated and slow down the progress that is expected with the decree.
"The stability of the processes may once again be threatened and a detrimental environment may be generated for the sector, in the midst of the political instability that the country is experiencing," said Benalcazar.
On May 17, Lasso invoked a constitutional article to dissolve the national assembly, call early elections and govern by decree in the interim.
On August 20, Ecuadorans will go to the polls to elect a president, vice president and all 137 legislators, who must serve until May 2025 when a new government and legislators will take office who will be elected at the beginning of that year.
Https://www.youtube.com/watch?v=YSrjVA6sQeU
Solg gets a small mention around he 52 min mark… middlekoop explains it’s their largest position and expects a sale to Asia.
I see fort has moved on from tales of intra-communist competitive tension to LatAm 'copper road' theory... There is no end to this rampers creativity.
Meanwhile, has yesterday's momentum stalled? Is the order for approx 0.3-0.4% of shares complete? It would appear so, but dbw says it will be fine, so that's nice
We’ll be fine Jezz
Today.
Bugger
We know Chile gov active in Ecuador with Mirador and clear relationships with Chinese. Interesting dynamic if Brazil are following same path as Chile especially as Brazil is much closer. Potentially opens up Pacific Ocean exposure via Ecuador which has additional benefits vs Atlantic Ocean export routes. Maxit certainly mixing it up with the right parties if article accurate. Can't wait to see this unfold!
Hey Fort yes agree we could have a newco that holds the other licenses a CVR that you also see in pharma transactions.
I think Jiangxi is obviously in play but could work also with other players together. So can do it solo or in connection with others. Vale again interesting name and also a company that will be more comfortable with the LatAm risk. CRCC Tonguan operates Mirador I think so could be very synergistic to them.
I see there were quite a number of large after hour trades.
CRCC are yuge, fwiw.
Fort speaks with great knowledge about Chinese investment strategy. Is he right? Are there lots of examples of Chinese companies getting in to bidding wars over foreign companies? Or is this his usual rampy tosh?
The website is being updated due to it being old and difficult to manage. It's a good thing as it is terribly out of date and a new site would allow more updates more easily. That is not verbatim but what Scott told me
I think there's some real credibility to this especially when it comes to 'risk' in Ecuador. I did say a while ago that the Chinese have already been producing in Ecuador through two government changes (since 2019) and with the FTD history deal signed recently, they clearly have a different view on Ecuador to some of the more negative plaudits out there.
This bit does stick out...
"CRCC-Tongguan already has copper and gold mining projects in Ecuador. " END.
There is a clear opportunity for those that are prepared to take the risk on Ecuador to pitch a bid at a time when likes of BHP might prefer to see political bias unfold or situations calm down etc.
In summary... now really is the time to make a move on SOLG as counter offers might be more subdued with political shenanigans underway.
galapagos... your insights most welcome. I have a sneaky feeling that a sale of 'ENSA only' might be the play here with newco taking up all the other licences or a selection and then off we go exploring again but possibly with partners involved this tome and reduced interests blocks. New website due by end of the month according to Scott I believe. I wonder if that's going to involve the new proposed structure and plan forwards. Seems odd to update a website when there's not much to say that's different from last version... unless the changes are quite significant????
It's not unusual to see multiple chinese companies involved. Weird really as you'd think they are all essentially under one communist brand!
13.5m and counting
Bubble come back, £1.32 is on it's way, LOL!!!!
I think we may have ourselves a game !
Let's hope it is true then!
Lasso is busy at work. While protests are being organised to oppose the new environmental code he authored recently, a new law aiming at attracting foreign investment has been proposed
https://prensaminera.org/nueva-ley-atraer-la-inversion-extranjera-al-ecuador/
CRCC on their own have a market cap' of 16 billion USD. Pretty weighty for one half of the J.V.
One of the large shareholders, who is involved in talks, decided to leak some rumours to speed up the process and persuade suitors to start the bid from a more realistic base. Let's hope there's some substance to it
Indeed Fort and well over 10m traded here with plenty more to come
Big volume on TSX by their standards 377k up 10%+. Could be a million volume traded over there today.
Deliberate leak by certain parties imho. Classic way to get auction process underway.
Finger crossed this is the final one and bobs bat has been swung with some bite behind it.