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I wonder if this investment is recognition that she's too late to the party at Cascabel and therefore she's going elsewhere?
Add, surely our concern should be why hasn't she shown any interest in us? At least as far as we know. If what we have is a tier 1, then I am curious why she didn't make a play for us.
Eloro, as I said, perhaps she thinks she's too late to the party. She's obviously perfectly happy with the sovereign risk and recognises the country's great potential, but as far as Cascabel's concerned there are other players already in situ. Or do you think there's something else putting her off?
I know you're very depressed at the moment, so I'd highly recommend you watch the discussion Jerry referred to yesterday. It'll cheer you up no end.
The Tital deal is a good precedent for Porvenir
Plus Cisne Loja falls in the middle of the Titans projects.
Add, I would understand if the reason was it was too pricey for her. She is on a buying spree with rare earth etc. She already have concessions near us, so one would have thought that that we would make a logical addition to her position in Ecuador. I am not thinking anything on towards. Just curious why her name hasn't been linked to us, whereas folks have been saying that Twiggy might be coming after us.
Yep, I am exhausted waiting here, and concerned after HfH previous post where he didn't came across as being happy. I note his follow-up post where he must have obtained reassurance from the company. I emailed Bob, no reply, which generally mean that an rns is coming and he can't communicate with shareholders.
Agree, and we know Mr Liu likes Porvenir ... It's signifciantly more advanced than Titans Linderos project and is perfectly positioned for existing chinese infrastructure.
In my opinion, Porvenir is worth our market cap alone. Gina R has pitched £100m cash buy of a decent acreage but it's at least £100m cash spend away from being close to Porvenir's status.
So we've had Barrick invest £100m via deals for Ecuador blocks with Noboa in Dec 2023 followed by Gina now spending the same for some early ops. Seems like suddenly a few key players are revealing their hands and showing their interest in Ecuador. Without a doubt that bodes well for SOLG... but why hasn't a deal been signed with SOLG and our 60 licence blocks?? Well... that's entirely down to Bob, Scott and team. The interest is clearly there... big time. It's seems Bob, Scott and co can't hit a home wrong at the moment... but still time to get a lucky strike and knock it out the park. But time is ticking on and lets face it... with our major assets, it should be a doddle to sell assets in Ecuador with mining in the country in such high demand and licence blocks virtually impossible to acquire.
We re all waiting Bob... time to deliver before liks of Gina and Barrick start discovering resources bigger than Alpala or Porvenir. We are losing out first mover advantages.
Fort, good post, although it's worth pointing out that we are far more advanced than others, who are literally years behind. Mind you, with the funding they have they can catch up. As you say, we mustn't lose our much heralded first mover advantage.
Poor old ramper bay gold 118 days to 120p and he is further away from his pie in the sky prediction.
Poor old ramper doesn’t look like he’ll be up the pointy end of the plane any time soon.
One wonders if the hope of turning left is a novelty for the poor 🤡, for some of us that is the only way we ever turn…..
Fort - Yep, Blind Freddy can see what is happening behind closed doors at Solgold.
Thankfully this holding pattern has a time limit due to our reducing cash pile.
I suppose we just need to remain patient for all to be revealed.
I thought Stackhigh and Needatooth told us that big business would be deterred from investing in Ecuador after the Mexican embassy debacle? Might it be the case they were talking absolute b*llocks?
Shouldn’t really surprise anyone, they are after all both clueless clowns
Stackhigh, a few days ago: "The UN confirming that this is a violation of the Geneva convention simply cannot be a good thing for the president's chances of attracting investment. There is violence and corruption in lots of the countries where majors invest, but blatant disregard for 'inviolable' international law is a troubling precedent. Majors sign IPAs which are underpinned and upheld by an adherence to international law. They can cope with the occasional coup or assassination, bribery or extortion, because the ruling parties in other jurisdictions are smart enough to adhere to the relevant bits of these legal agreements. Ecuador has just clearly demonstrated that it won't."
Aged well, didn't it.
SM, once again, making things up.
I never said big business WOULD be deterred.
I did say how does it look, and that they could be deterred. and to be honest, we don't know yet.
but dont let facts stop you from looking clever with the wishful thinkers
Almost as well as “plenty further to fall
Before the car crash finance”
Whilst simultaneously holding long and selling out for said car crash. Absolute burk
Bbg, your constant, almost pitiful pleading that something is happening in the background,
was pretty much shown to be laughable yesterday. you must of missed it.
wasn't it pretty much made clear that Scotty boy couldn't of brought shares, if that was something was afoot.
Give need a shyte some credit at least he is trying to backtrack gradually on being totally wrong
The other two pains in the backside never would
Slug claims to have blocked me but just CANNOT stop thinking about me. It's a bit creepy. He'd love to know how many shares I'm holding, when I've bought and sold, but like most on here I don't update the board about every position I open/close.
As for investors being put off Ecuador, they definitely will if the president continues to act more like a dictator. Deals being announced last week and this were inked before he ordered the raid of an embassy or tried to pin an embarrassing power outage on a minister.
As for car crash fundraise I've predicted... Has anyone got details of how we're getting the cash? Apparently it will be non-dilutive, so shareholders will still own the same percentage of the same assets... 🤣. Must be one of those charity deals where a major or a streamer chucks us $50m in exchange for nothing?
Simple advice you don't have to follow: stick with the person who is yet to be wrong about solg. Or, it you're a brain-out loon, stick with the guy who thinks they make cars that run on water and likes to rant for hours about COVID vaccines. The choice is yours!
"stick with the person who is yet to be wrong about solg". Provided you ignore that person's suggestion no one will invest in the country under current circumstances. And who knows, when the financing is announced it could be another amusing egg-on-face moment? We wait with bated breath.
As I say, add (you can read!), the deals announced last week and this were penned a while back. The impact of Ecuador's president displaying dictator tendencies is yet to be known, but it won't be good for future investment. Don't think I said it would prevent investment entirely, did I? Just that it will put investors off. Which it will. Any questions?
"Just that it will put investors off. Which it will" Are you sure about that? The article is dated today.
You're in back-pedal mode and it's amusing to watch. And the great thing is there's a lot more to come, although I don't imagine for one moment anyone on here will take advantage of your discomfort.
Add, you're doing your usual trick of slowly trying to make this less relevant, presumably to gloss over the conversation about where our funding is actually going to come from (clue- it won't be 'non-dilutive'), but I'll bite, just for you.
1) sticking to your guns and stating the same thing again isn't "back peddling". I said the president's behaviour would damage investor confidence and I stand by that: no change in stance.
2) for the third and final time, the investments announced last week and this were not penned yesterday or even last month. They represent the final 'reveal' of negotiations that will have been ongoing since before lasso stepped down. What they don't represent (and I know you know this, so I assume you are playing dumb?) is an endorsement of recent 'strongman' politics. If you believe deals announced now are the work of a couple of days, that might explain why you think there's more going on at solg than there is?
SH, I love it when you make your definitive statements - they're nothing more than speculation and you know it. The ONLY guidance we have on this matter has come from the company itself, and no disrespect, but I think they may be closer to affairs than a lad running a small building firm in the North of England.
As for your point 2, I believe you're wrong and the numerous articles which have appeared today suggest the latest deal was signed in recent days. She's committed $300m to Ecuador in recent weeks and even if they've been in discussions for some time, which they will have been, she could have pulled out if she was concerned about the impact of the Mexican situation. She quite clearly isn't.
You are desperate to find a justification for your gloomy prognosis, sadly for you Rinehart isn't delivering on your agenda - quite the opposite. You'll feel better if you accept the fact and find something else to moan about. Suggestion: keep banging on about the "car crash" funding right up to the moment of the announcement. But make sure you've got your reverse ferret boots on and have a ready supply of "I didn't say that" posts to hand.
Should I join the brainless rampers and pretend everything is good for solg, add? Would that please you? We'll just ignore what's happened to our market cap, and the fact we're about to run out of money with no details of any options, let alone a plan.
My claims: riding roughshod over the Geneva convention will be bad for future investment. Your reply: Rinehart has announced an investment she could have stopped but didn't, therefore I'm wrong. Can you see the irony about definitive statements? I should 'accept the fact'? One swallow, and all that...
When the fundraise happens, and it is bad for PIs, may I say 'I told you so'? Because your naive apparent believe (which I'm sure is disingenuous) that it'll all be fine for PIs is not only wrong but also always delivered with such sanctimonious pomp. Time will show readers here who is right (again) 👍