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Stackhigh's true colours revealed... "terrible for the chances of solg LTHs getting their money back"
Your clearly not invested here
Rinehart's invested $300m recently, which I believe equates to 'hundreds of millions'.
As for Nobby, are you really sure you'd welcome a radical left-wing President? Do you think he's wrong to want to crush the cartels? Clearly, the people of Ecuador don't share your opinion. The parallels with Duerte are very apparent and he managed to turn the Philippines into the fastest growing economy in SE Asia with considerable levels of inward investment.
Invested millions, but not the hundreds of millions people here think it will take to buy solg in a couple of years time. Still- a week is a long time in politics. If Ecuador becomes a pseudo-dictatorship under a 'strongman' president with a superhero complex, all hopes of investment are off.
SH, so you accept the fact nothing has changed? Just to reiterate, the 'companies with deep pockets' have invested multiple millions under the prevailing arbitration environment, so how exactly does Sunday's vote change things? Answer: it doesn't.
I do agree that we need Nobby to be re-elected and it's good to see he received a high level of public support for his crackdown on the drugs cartels (I note they've re-captured the bloke who kicked this whole thing off by escaping from jail).
Don't think there's is any doubt we're trying to get the IPA across the line. Whether companies with deep pockets will trust the president after the combination of this vote and the embassy disaster remains to be seen. My guess is not, so whether we sell in 2026 might depend on who gets in at the next election. It is curtains here if we reach a stage where only Chinese companies will invest. Fine for Ecuador, terrible for the chances of solg LTHs getting their money back.
Perhaps the clever people on here can explain what has changed as far as arbitration is concerned? The referendum voted to maintain the status quo, which didn't deter BHP, Rinehart, the Chinese and many others from investing, did it?
Sure, it would have been better if Nobby had got his way, but he didn't, so the country carries on as normal and we carry on with the process of finalising the amended IPA.
"Be quick Monday morning!"
"Top up!"
Both said at prices well north of here, whilst I was telling people to get out because this current dip was coming.
Not only is slug a repetitive bore who is obsessed with me, he's also consistently called this wrong. Arrogance is fine by me, if you can back it up, but he is thick as treacle and yet writes like he's god's gift.
Simple way to judge those offering the kind of unsolicited investment advice quoted above from slug: does the poster fall for April fools jokes about cars that run on water. If so, do the opposite of them. đź‘Ť
Just going back over yesterday's posts.
I'm struck by how many good news is coming, and lots going on in the background posters are missing in action.
Come on boys, chins up. You've been posting positives for 8 years.
Don't give up now.
Wouldn’t entertain that mullet BBG, his mantra is buy high and hold while you think a stock will fall. Proper knob jockey that weirdo
Meanwhile let’s look at 2024, gold already on the up despite a breather, few and msm desperately trying to bully the dollar north in preparation for their impending black swan event which is the real estate refinancing crisis, a $2.2 trillion poo storm about to wash through American banking
In the US domestic mortgages are usually agreed for 30 years but commercial real estate follows our more typical domestic model of 3-5 year deals then refinancing. Their real estate sector is about to hit what our housing market is about to hit
The collapse is going to be spectacular. We will see negative rates both sides of the pond before next year is out and a light will be put under the price of
Gold as fiat enters its death row
Lock and load people it’s going up not Down
Stackhigh, fair point.
There are lots of ways this can go.
Maybe they things are dragging as they are waiting to receive the ESIA before announcing anything. We're a much stronger ship with that in hand.
Hoo roo
What the outcome of that vote is telling us, the sooner we get out the better before cascabel become another Panama Cobre. We don't have the protection of international laws, anything can happen.
The way thing are going, we are not going any were fast and if some think, things are imminent think again, the price seems to be retracing back to the low pence's no one wants to take a gamble.
What about others though, bbg? We absolutely don't want a situation where only Chinese companies would consider investing in solg. In a couple of years time, when this starts to come good, we want plenty of parties able to express an interest. I wonder how many shares will be in issue by 2025? 3.8bn? 4bn? Who knows.
Bob the Bat explains this over on the Telegram Group. You can also chat to Tuffers
China wouldn't give two seconds thought to that result
The vote in Ecuador went against returning to International arbitration... which may explain some weakness in price..
https://www.tni.org/en/article/ecuador-holds-the-line-on-isds
Orth, you are wrong! Not everyone is peed off. Add believes that Scott is doing an excellent job by placing 1 brick at a time to build the wall and that anyone who doesn't see that can't see the woods for the trees.
Scott The Rocks Caldwell is an inept buffoon who is not ceo material. I haven't seen anything he has done to convince me otherwise. And oh, the SP is continuing its inexorable slide to 5p, again!
Cash in bank must be incredibly low.
I do feel sorry for anyone selling into this drop.
I believe we are incredibly close to news hence the silence at Solg HQ
Agreed Orth, thank you.
For what its worth, I believe they are crossing off all the negatives that Ecuadorean people had against mining, slowly all the bits fitting together to get a decent price when it goes up for sale/bid on.
You wouldn’t sell are car with parts missing and no m.o.t would you, be patient which is frustrating, but it will come imo of course
Enjoy letting off steam if it helps
Atb
I assume we are all ****ed off at the moment Woody.. Our successive management have been appalling for 3 years now. Nothing but fob offs , excuses and pleas for votes come the AGM.
I hope I'm wrong, but to me this has all the signs of financing has stalled, or hasn't been as easy as they expected/hoped for...
So I am fully expecting another painful, can kicking raise, probably by placing the CGP shares at a disgustingly cheap price, followed by some Scott interviews where he will talk about 'continuing to derisk' and avoid answering any questions regarding the now forgotten about strategic review... That will cause the share price to quickly fall back from any short spike.
IF... and thats a massive IF... Any monetising deal is being lined up, It will be far far below most peoples expectations, and will certainly not reward any long term holders for their investment... Scotts admission he would take 23p has already illustrated that.
This has been and will probably stay, a poor investment for most.
3 weeks to MD&A
Share price is where it is because management have not resolved the old market mantra of.... 'you've got no cash, so we'll mark you down'.
Bob & Scott are not youngsters... they are old guys who know the old market mechanics never change.
Perhaps Bob's done a deal with the chinese and that deal is partly designed to enable them to acquire as many shares as they can in open market at sub 10p before an offer gets tabled... of course within limits... like say 5%+.
Why else would Bob allow someone to simply chip away at the sp at levels sub 10p?? He can announce funding sorted anytime he likes according to some sources. So one has to assume that by waiting and waiting and leaving the sp to the wolves... he's doing so because it helps him or his buyers sweeten some deal.
Overall, all miners are taking a breather after a very solid April month. But nothing has changed to Alpala or metal prices give or take a minor swing on pog and silver... so just another share price swing for the traders to play with.
Bob isn't interested in supporting pi traders... he's interested in getting Alpala or SOLG sold. Well... that's what we all think.
i agree orth but they are really ******* me off now so i'm going to do my token effort to reciprocate.
True, E.T.. This should have happened long ago but wasting money and having no clear feasible direction or plan and peeving off major investors did not help.
Right now still no defence of sp.
You just will not get this share price up with silence!
Still, we have a Tier One for sale and PM's will continue to reach for the sky!
Is at the bottom of the last rns