Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Fortissimo. I'm afraid your post is flawed.
FMG. Won't be desperate. They're pulling out. Most of they're aus employees are now back in Australia. Not sure if your aware but FMG are now focused on Gabon. And that's where the aus geos are now heading. I'm afraid your big words and epical post, as usual. Don't pass scrutiny
Addicknt- if a so called civilised country like the UK can ban fracking in its entirety……conaie can decimate mining in its own back yard simply by protesting for months.
We are not looking at a stable country here!
The only player with any ‘teeth’ in this conundrum is China.
Hopefully “behind the scenes” they can ‘ manipulate” decisions……….as they have done in Ecuador for many years…….it’s our only lifeline.
Hang on, dm, this is fort we are reading here. Where is the report on this consultation which says exactly what he is claiming it does? Because we've seen misinformation from him before, remember. Pinch of salt time.
Fort, I didn't know that. Do you know if it's extant?
I should add, that 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. If that means that all other licence blocks become illegal then sobeit. That's a major win for indigenous groups. It's also a major win for SOLG shareholders as we effectively become almost a state backed company and with licences in short supply, the likes of BHP or Forstescue only have one way into Ecuador (near term) and that's through buying up SOLG lock stock and barrel.Chinese know this and appear to be ahead of the game which bodes well for them when 2025/2026/2027 copper deficit hits home across the globe.
Poll to support this or you made it up:
"many of the indigenous groups are ok with likes of SOLG and other mining firms"
Never mind. You made it up. I don't know why we even bother trying to fact-check this fountain of nonsense: it's all tosh. In 24hrs we've had:
- not unusual for Chinese companies to bid against each other (no evidence provided)
- Brazil are trying to use Ecuador as a trade route to the Pacific (no evidence provided)
- many indigenous groups are fine with solg and other miners (no evidence provided)
He's working overtime today!!
I sent a message to Fawzi, partly to ask if was able to shed any light on recent events. He was not. He's obviously bound by an nda or is still regarded as an Insider. He did say that as a private investor, he's as frustrated by the lack of corporate comms as we are.
Personally, I regard the demands made by companies for people they make redundant to sign an nda as being totally iniquitous and it should be prohibited by law. If Fawzi is deemed still to be an Insider, I get it and it makes things far more interesting.
It's important to understand the issues in Ecuador surrounding mining. Ironically, many of the indigenous groups are ok with likes of SOLG and other mining firms that have taken care to relocate locals and reimburse them handsomely. Not to mention doing environmental and school/community works.
The biggest problem and damage to the environment is from the cowboy miners. These are illegal miners which are now prolific in Ecuador due to surge in Gold price over last 2 years. These are not professionals... but criminals. They don't have permits and just leave pollution and devastation behind them. What the indigenous people need to do is work with Ecuador government to sanction the projects under 'professional' mining firms based on committed environmental promises. And then fight hard against the cowboys which ironically are mostly local people lol!
Article below worth a read
https://www.context.news/nature/will-ecuadors-illegal-mining-crackdown-protect-indigenous-people
Your analogy, Bonkers, reminds me of the setting for “A Fistful of Dollars”.
Ironically, when this is sold shortly, that’s exactly what we’ll all get.
In the meantime we have to endure, “The Good, the Bad and the Ugly”. And we all know who “The Ugly”one is, eh needagar?
Speculation, interpretation, manipulation, examination. Leading to right and mostly wrong conclusions, feeding wildly varying theories and opinions.
Over many many years this board been home to loads of convincing nonsense fuelled by persuasive arguments that serve to unite and divide opinion on here.
But right now there seems to be a strange lack of all of the above as the tumbleweed blows through the board as the old posts and associated assertions become obscured under the hot dessert dust, as the now partly detached sign flaps precariously with every fresh gust of wind, it’s humorous message painted many years previously in much more optimistic times now somewhat ironically still reads………………… WELCOME TO THE FOOLS GOLD SALOON
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