Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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From the FT Live News desk 2 hours ago:
Ecuador’s rightwing president, who is facing impeachment charges, has dissolved the opposition-controlled National Assembly and triggered elections.
Guillermo Lasso can rule the country by decree for up to six months, by which time presidential and legislative elections must be convened.
“This is the best decision to give a constitutional solution to the political crisis,” Lasso said in a televised address on Wednesday.
The constitutional clause, known as “mutual death”, has never been used before, and comes at a time of turmoil in the Andean nation.
Lasso, a former banker, on Tuesday appeared before congress where he is facing an impeachment trial for alleged embezzlement. He denied the charges.
Oh Dear ....
Yeah read it ,well let's read some more positive news solgold director's settle to derampers here hey jezzo
Yeah read it ,well let's read some more positive news solgold director's settle to derampers here hey jezzo these A trades are a pain
Come on everyone nobody ever said this was going to be easy 😉
ONWARDS AND UPWARDS!!!
To Does this mean that no one would want to consider making significant investment in Solgold until after the election which can take anything up to 6 months If so we can forget all the outcomes of Strategic review that have been suggested on this board.
Hopefully he'll use a Presidential Decree to give us the various green lights we require.
Elections take time to organise so likely to see a decent 3 to 4 month period of election fanfare with Lasso already saying he'll cut taxes. The farcical impeachment is over so that means the corrupt games played by Correa are not going to work. I don't think he wants an election so soon. Ironically, it might well accelerate Maxit's work as buyers seek to secure Alpala deal before change of hands in political terms. Bit like the Chinese signing the FTA in a hurray lol!
The guys who recently signed a $300m royalty deal with Lumina clearly weren't bothered by the politics. Lasso news broke at around 2pm today and sp didn't move much at all so market non plussed too.
Pre elections.... a big mining deal delivering jobs and money to Ecuadorian people really would be a big headline for Lasso and co. We might get some decent news over the next few months as if there was ever a time to deliver it... pre elections is it.
Would be a great election bounce for Ted Lasso to announce the green light for Ecuador's greatest mine. Jobs, progress, blahdiblah.
Fortissimo exactly we may get news very soon imho ,novice nice to hear from you buddy
rampers having to work extra hard tonight. good effort, lads- keep it up. it's not pi55, everybody, it's rain! it's not ****, it's fertilizer! it's not a political stalemate forcing an unprecedented temporary power grab, it's an opportunity!
jesus wept.
Like you'd know.
Has something happened overnight?.
I've just had a report that a Chinaman was last seen running to the airport in equador with a case full off money, to catch the last plane of the day out.
Surely not, do you think it could be some sort of political unrest?. I hope not because if it is and the Chinaman has changed his mind. It could be a major issue with any cash raise we need.
If anyone has any info on what's happened, please share it
What's the boards take on it.
Oh dear, oh dear, oh dear.
I've just caught up with the news.
Couple of serious questions. Firstly for bbg and fdjyn,
Do you think this snap election call, with all of the uncertainty will effect your claim last week, that no news from solg, is good news, as it shows a sale is imminent.
Secondly, padmaster, do you think the derampers are behind the election call.
Lastly for quady, do you think the political uncertainty and unrest wich is sure to follow, will effect any cash raise required.
This report from reuters after the local elections in Feb of this year doesn't bode well for the general elections.
Coupled with the landslide approval of an anti-mining referendum in Ecuador’s third largest city, the writing could not be more up on the wall for mining’s future.
If you still don’t see the writing on the wall, the other interesting and painful statistic for the mining sector is that the most openly pro-mining candidate Geovanni Andrade, received just 0.22% of the votes. Out of a field of 16 candidates, he came in next-to-last.
I also urge you to read the Latin American mining investor Otto Rock’s Feb 9th blog post at inknews.com where he recommends that: “If you are still long Ecuador miners, you are a lucky person who has been offered a final chance to get out at a reasonable price so take that opportunity and don’t look back
Bubble. I know you told me an election was a couple of years away, and I was talking rubbish to suggest otherwisr, and it wouldn't effect solg anyway.
But do you think I should worry about today's headline in Bnamericas.
"Ecuador's political crisis expected to cripple mining sector
Mining projects will be severely affected by Ecuador’s political crisis, no matter the outcome."
Needalife this is all rubbish.
In the UK we have different parties.
Some to the left, some to the right.
We have newspapers who say lots of things and scare people.
It's the same in every country.
Whoever gets in business continues.
It's the same in Ecuador.
I suggest you take your own advice and sell up
If not why are you posting this rubbish.
If you are not Earthling, then you are his clone, as he was bitter.
It appears elections will be held within the next 90 days and whoever is elected will govern until May 2025, which was the date when Lasso's term of office was due to expire.
I'm sorry quady old mate. You must of either misread my post, or read what you wanted to read not what was posted. I never mentioned newspapers.
One of the reports was from reuters
The other from well respected Latin American mining investor Otto Rock.
And I'm still waiting for your responce as to why you can't understand why no one wants us. And that was before yesterday's bombshell.
JEEZ, smell the coffee quady
Sorry quady forgot to mention the 3rd report authur.
BNamericas.
Not a news paper either.
What do we do?
For 27 years, our experts across Latin America have analyzed the main economic and political trends in the region, providing thousands of global companies with crucial information to make the right business decisions in Latin America. We also track in detail thousands of key projects, companies and contacts, so that each of our clients can connect with the right opportunity at the right
Who do you think I should take notice of. 3 experts in there field or a keyboard jockey. Mmmmm let me think.
But while on the subject of newspaper reports. It appears the western called it right about FMG pulling out. Because of political uncertainty.
Now please read the post thoroughly before rushing to post in anger.
So needalife two questions.
Are you selling if not why not?
Yesterday you said a major shareholder sold out of Solgold.
Yet when asked who that was you declined to answer.
I answered all your questions yesterday even the ridiculous ones.
Your term now.
Last line should read your turn now.
Quady, I just don't understand why you engage with him.
Good morning killjoy
Killjoy
Exactly what I have been saying, all complain then talk to the wally, ignore if you want a half decent board, trouble is too many have to reply and off it goes again.
Lost many good posters through wallies entertaining the fools, that’s life I suppose, atb