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Evening all.
Have been layed up in bed for past few days a bit ill, but back up and running ok, to find this current situation.
Lasso perhaps didnt fancy his chances with the national assembly, so he has surely on the back of advice invoked the cruz muerte, cross of death, or mutual death( however you wish to interpret it). Basically means he will rule by decree until new elections can be arranged for both national assembly and presidency, I would guesstimate 5 to 6 months. As I understand his comments he would rather take his chances with the electorate than the disruption seeking Correist infested national assembly. Good decision, who knows? Risky? Yes. Best case scenario is re elected, worst case IMO is Correo backed opposition is elected ( maybe by proxy cos if Correo returns in person he himself will be arrested on previous corruption charges ! )Dont forget this is politics and also this is Ecuador. If you cant take the heat, get out of Ecuador kitchen and go cook in Oz or Canada etc.
ATB
DK
Looking in from the outside understand a bit of trepidation! Would be interested in any Ecuadorian or ex pat living here views??
GLA
DK
Never forget that mining industry here is now about 4th biggest earner and contributor to GDP. Any goverment wether left, centre or right would commit financial harrikarri if did not support!
GLA
DK
Ecuador was due to go to the elections in Feb 2025. Any buyer of Alpala will know this. Just like they know Ecuador will go into elections in 2029 after that and 2034 and so on. Alpala is a 30 to 50 year mine. Mirador whilst much smaller has been running 'production' during Correa reign in 2019 through to Lasso now. They've not been effected. Why would they?
At end of the day, political is 'heated' in South America but 99% of the time business remains unaffected. Yes, you will get some constant lefty governments upping taxes nominees from time to time but it rarely lasts. Even UK ups taxes on likes of BP and Shell et al when prices are high although to be hints it's lip service stuff and more Storyville headlines for Tories rather than real deliverable action.
For the Chinese, they have a way of being the sugar daddy for Ecuador - it gives them the unique position of holding 'debt' as leverage tool. The chinese would be the best bet for Alpala if you were going on the basis of who would carry the most power with an Ecuador gov. China or BHP or Anglo etc. China wins hands down.
We've had left and right already in Ecuador running the show and it's not effected SOLG at all. The left are pro mining and the right are pro mining. And let's face it, with high inflation and post covid woes... every country out there needs big business to do well and boosters to GDP. Ecuador people want better wages. They want lower prices on day to day items. A new government are going to need loads of wonga coming in if they want to stay in power beyond Feb 2025. So I see the future as bullish for mining in Ecuador on that basis alone.
Fortissimo well put there exactly
Until there is a buyer.... which could be Monday week or Monday in 5 years, so relax cov, π
Covgaz we may one day get a buyer.
But somehow we require the exploitation license and to get that we need to construct Alpala.
Love your use of emojis novice. do you know theres an emoji movie out over here. I watched it with my 9 year old granddaughter. if you get the chance, you should give it a look mate. I think you will enjoy it. also loved how you twisted my name. pretty clever mate
"But somehow we require the exploitation license and to get that we need to construct Alpala."
Quady, we can't construct Alpala without an exploitation license. You have it the wrong way around.
A granddaughter @ 9years and you still spend all your time bashing a share. Please dont share this expertise with the little girl. My sincere wishes to her for a much much better life.
SharketMare I do not have it the wrong way round.
They don't hand out exploitation licenses to anyone.
The whole point is with the exploration licence, we have to prove it up and acquire the required permitting.
To get the exploitation license we need to show how we are going to build it
I am unsure if we also need funding in place to acquire the licence, but it's not as simple as you believe.
I should think the strategic review is considering all these aspects.
I8med thanks for concern. I'm a different person away from here. I just have issues with idiots. Believe me she's a lucky girl, in a lucky country. With aucky loving papa
Q, you said in order to get the exploitation license we need to "construct Alpala". We cannot construct Alpala without the license. End of.
SharketMare you are being pedantic as usual.
You know I am mildly dyslexic and corrected my statement.
We need to demonstrate we can build and also may have to demonstrate we can raise the money to construct Cascabel.
You however know that.
Q I was engaging in good faith, what you originally posted wasn't right.
As our CEO has publicly stated "we are not mine builders" I hope that the granting of the exploitation license isn't dependent on us demonstrating to the Ministry of Energy that we can build a mine. Because we will look bloody foolish if so!
Good morning SharketMare.
That was the whole point of the recent Rick Rule talk on which addicknt and I discussed.
We may even need to show we can raise the finance.
I don't know the situation on that.
But Rick Rule said we need to raise the money and no bid this year.
Also medi. Humor is obviously lost on you. I was pulling novices leg regarding his use of emoji. Pointing out that's what a 9 year old does. Obviously over your head
Novice, I see admin didn't appreciate your little rant. They seem to have removed it. Be careful mate, they seem to have they're eye on you. What with your constant bickering on the gst board. You would be sorely missed, if they expel you. So be extra careful mate. Your one of the most knowledgeable we have. Have a good weekend, and maybe stay of gst, or at least count to ten before you post
No problem needleslife, I really don't concern myself with your irrelevant musings, I think it just proves you are on the payroll to whip up posts on what was an altogether quiet but realistic BB.
Have a great weekend in OZ ?? π€₯
Keep up the good work for LSE buddy
Thanks novice. I don't know how you twigged how the LONDON S E enrolled me in a small town in WESTERN AUSTRALIA. .Certainly shows your on the ball π¦πΊπ¦πΊπ¦πΊ