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Padmaster. I posted last week, that when your shown to look a clown. Your only pathetic course of action, is to roll out the basher, infesters are here, sorry attemp at distraction. And what have we seen tonight. Yes mate, the basher, infesters attempt at distraction. Unfortunately we have fools like fort, full of sh**te, posting sh,, te.. But even more hilarious, we have clowns like you, defending it.
Ā£4.50 by xmas
It appears you're quoting a BA article. I'm not sure this says that projects had been agreed with indigenous groups though, does it?
Do share, Pad- where is this nugget from? Because searching your quote only returns LSE as a source... And that's you.
Not trying to disrupt- if you or fort can provide evidence then we've no issue, have we? And one can't 'DYOR' into a made up story, so it's important to provide evidence. Got any?
ācurrent (11mining) projects in the country will not be affected as part of the agreements with the indigenous groups and that when the mining cadastre is opened, the owners of new projects must carry out prior consultationā
Maybe Iāve just made it up needagar or maybe DYOR or maybe youāre here to disrupt
Pad, with respect, people become trustworthy when they say things they can back up. If they just make up nonsense they are the opposite of trustworthy. I'm not sure why you'd have an issue with asking fort to provide evidence to support a very important fact: that the government has included cascabel in a list of 10 ('or so') 'safe' projects that had been okayed with main groups representing indigenous people? I tried searching for a report of such an agreement. If fort is as trustworthy as you say, he'll be able to easily substantiate this important claim. Just ask him?
IMHO Fort is a trustworthy poster and each to their own to DYOR
So you've seen the report of that discussion be mentioned?
Needagar - Fort adds valuable input into this board unlike your purposeful, disruptive sniping.
Zoros,
Have you read EY's recent Chile review? Keep yourself informed and you'll do ok. Have you changed your GGP Len's colour yet? Try yellow? Nice glow on that one.
https://assets.ey.com/content/dam/ey-sites/ey-com/es_cl/noindex/doing-business-mineria-2023.pdf
Slight correction, I'd happily call Fdn Tier One.
Be interesting to watch for the AT's again come 2pm / 2.30pm time as yesterday saw a bucket load fire in around this time.
Colonel Drake - bless you. You see the world in rose coloured specs for sure. Let's stop for a second and take a look at Peru and Chile, now remaind me, what are they up to as a future mining fraternity?
Mmmm.......latin americans have a totally different outlook on life matey, especially the indigenous brand.
If Conaie get anywhere near control of the country in August - we're in deep doo doo.
As for yesterdays blitz by dubious outsiders about a takeover........................cruel, I thought.
Z
DM,
In my experience, businesses that operate in a region and get along with the gov ultimately get first dibs at new licence blocks when they arise. SOLG is a classic example of a first country entrant of which gained them many licence blocks. But let's get real here. The new SOLG (CGP guys included) are not going t be splashing $50m or $100m a year on exploration even if they had permit licence' drill ready' approvals.
I think most are expecting SOLG to split the business into two parts. ENSA part 1 and Exploration folio part 2. How many licence blocks and exploration plays do you want in part 2? Do you want 50 licences with $7m commitment each as minimum? For many investors, monetisation is priority right now. Not all want anything to do with part 2 (if that happens).
I'm not sure where you got the idea of a firesale? Where did that come from?
And yes as Mr Mather has said on numerous times... growth comes from exploration. But for now, SOLG is preoccupied with selling or negotiating terms on Ecuadors first tier1 mine ever. It's a shame exploration has had to take a back seat but maintaining a healthy cash balance to see us through the SR and ENSA discussions actually adds value and strengthens our position.
Spot on again, DM.
Pad, just ask fort to back up what he has said. If he can, it would add value to this board, if he can't we can all ignore the lying tool.
I'm self employed so not on anyone's payroll. And I'm not bashing the share, I'm invested here. I'm a realist trying to avoid fantasy from people like fort becoming accepted wisdom on an already sketchy BB. If people can back up there rampy claims, they should go for it. If they are just making up stories, they should join an amateur writers' BB and FO from here.
Wow, their paymasters are really cracking the whip today.
Just a reminder of some of their modus operandi from the Basherās Handbook:
BASHERS POST MANY TIMES A DAY. They try to wear you out. They comment on everything, every other post, and can answer every question. THEY KNOW IT ALL! There is no positive comment they won't Bash. They try to control the board. True longs may have to confront the Bashers or they will appear to the newbies as being the people with all the information.
Some Bashers Guidelines:
Encourage people to call the company. 99% won't. They'll take your word for claims made. If they do call you can always find something that is inaccurate.
Three or four aliases can dominate a board and wear down the longs. Bait the Longs into personal debates putting their focus/efforts on you and not the stock
Assume fort has most realists filtered, so someone please ask him:
"after the last consultation between these groups and the gov it was agreed that there would be around 10 or so mining concessions that would be deemed 'professional' and SOLG was one of them" - where is the official report on this consultation?
Fear not, DM. Fort hasn't substantiated the claim that this had been agreed between (ex-) government and indigenous groups. Until he does, I would assume it is more BS. You are right that regionals are what lots of us are here for- long game stuff for people who aren't over-exposed.
Fortissimo. Do ever do research. Or do you post the first thing that comes into your head.
You say Ecuadorians can live of oil exports. Do some research mate. The indigenous residents don't want oil either.
Report from reuters.
QUITO, Feb 15 (Reuters) - An indigenous community in Ecuador's Amazon region ended a weeks-long protest affecting production at two oil blocks belonging to state-run energy company Petroecuador, the company said on Wednesday.
Facts fort. Facts. Not your fiction
ANOTHER lovely monologue, fort, but have you got that report you alluded to, or are we just taking that as BS? Anything to back up your other claims about Chinese companies competing for TOs would be good (if it exists) as well.
In summary, I think I'm with the indigenous groups in that they would prefer mines to be the big mines that are well managed and protect the land vs having loads of little mines doing small scale production (illegal or legal) and creating many many scars and environmental issues across the green green land of Ecuador.
Far better to have a few mines that are the big producers. One area is then effected but carefully managed.
DM - what's the point of all the other licences if nothing comes from them. SOLG will be relinquishing a bucket load soon in my humble opinion. As for future growth... do me a favour... Cascabel has more than any super major needs. And there is much to do in and around that area. Porvenir is in the south and very much within the Lundin/codelco/chinese regional play with infrastructure and mining already accepted. What else do SOLG have?? Plenty but we are years and years away from finding out what that holds and most of us would have cleared off long before that.
If SOLG were one of a handful of operators that had the only permits and mines in Ecuador... then can't you see how that boosts our value several fold?
I don't think it's fair to pepper all Ecuador with small mining operations. Just stick with the big established ones for now and things will no doubt change in 10 years+ time. Walk before you can run is the phrase.
A lovely monologue, fart, but have you got that report you alluded to, or are we just taking that as BS? Anything to back up your other claims about Chinese companies competing for TOs would be good (if it exists) as well.
Ecuador can continue to live off oil, shrimp, bananas, coffee, cut flowers, cocoa, and Panama hats if they want to. But these are tough jobs and the 'new' youth of Ecuador are not interested in 'tough jobs'. They want white collar jobs. Engineering etc. Mining is far from easy but there are many more lucrative jobs in that industry than there is in Panama hats or shrimp!
At end of the day, you have ingenious groups that are right to fight mining that is not legal. It's a real danger to the country in terms of environmental and health. But as I said, they are not against mining 100%. They know that mining done correctly is actually good for environment. Good for communities and good for jobs.
In past there was no real limit on mining activity or permits. By limiting these the indigenous groups are doing a great job. Ecuador doesn't need 1000 mines all working at the sometime. Cascabel by itself could run for 50 years and would not require a huge amount of environmental change to where things stand today. Cascabel would deliver multiple rev compared to existing mines. So is it better to approve several 'MAIN' mines which do the lions share and then close down all the damaging minnow mines that are mostly illegal??
In years from now (20 years) Ecuador might be doing 5 to 10 main tier 1 mines. Do they need more than that? Business gurus will say yes but gaining the right compromise between where they are now with zero Tier1 mines and loads of little illegal mines to having 1 or 2 tier 1 50 year long mines makes more sense to me. But you gotta discover those tier 1 mines first! And SOLG have done that already. No one else has. Fact!
Funny thing is padmaster. Bonkers post made me think what cascabel will look like in a year or two if the indigenous get they're way.
Yea mate. Not Ā£4.50 by Xmas. But brush wood and signs swinging in the wind.
Well said DM.