Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://www.fastmarkets.com/insights/china-new-copper-smelting-capacity
This bit is great
“[But] the main question will definitely be how Chinese smelters will secure the raw materials to ‘feed their new mouths’,” he added. “There are not many new mines in the pipeline.”
I'm sure you guys can work out where the copper will come from
"I'm sure you guys can work out where the copper will come from"
My guess is they will mine it. Am I right? Eventually some metal from one of our concessions might get to them, but I think the line is a bit more wiggly than "article highlights need for copper, state buys out explorer with rights in Ecuador"
Mog,they gonna get this on the cheap imho
China has proven itself to be perfectly content to invest in unstable countries - you've only got to look at some of the basket cases in Africa for proof. They are the personification of long term investors and are working to a global strategic plan which puts us in the West to shame. I very much doubt they'll be put-off by the events of the past 24 hours.
Mog ,I did say this before and got slated for it ,I can see it and a few others could it's just a matter of time which imho is very close hence we need news asap solgold
Ecuador and Lasso issues have been going on for over 6months now. For the market to suddenly wake up to it is a hilarious.
In 90 days time post elections, it's not going to be any more stable than it was before but you might have someone else in power that suits certain US or China policies lol!
In 1 years time it not going to be any more stable than it is now. In 3 years time exactly the same. In fact, it's just going to repeat what's been going on for the last two decades.
So why of why is SOLG having a 10% down day?
As I said, it's already baked in into the sub 20p price just as it was baked into the 42p price post Porvenir hole 1 news. Or 40p levels post PFS. Stability certainly wasn't baked in lol!
Colonel Drake - when are you going to smell the coffee?
The bottom line here is that the current political disquiet will cost us months, probably years of delays moving Casacabel forward. This is best case.
Worst case: The “Conaie “ will disrupt future mining for years to come, chinese presence or not!
https://www.bnamericas.com/en/interviews/its-worth-betting-on-ecuador-mining-despite-the-uncertainty-and-risks
This link is before Lasso threw all his toys out of his pram yesterday.
We’re now stuffed for an indeterminate length of time before we even get our mining approvals never mind starting construction.
I’m guessing 90 days of turbulence before a new coalition party who then governs until 2025 and then a leftist environmentalist party for a further 4 years. Maybe, just maybe the new installed government (post 2025) will allow existing miners to continue to develop.
“If Solg was a lager it would possibly be the worst lager in the world”.
Z
some posters here have their head buried so deep… they simply refuse to see… they will continue to claim that despite the ****e it all smells of roses.. and a few will try to reason to themselves it could even be a positive development
I'm trying to understand the relentless attempts at positive 'spin'.
It's not balance, because they do it even when the general mood of the BB matches their own optimism.
It's not attempting leverage, because even the stupidest poster knows they can't move the needle from a message board on the internet
They're not paid rampers (or if they are, they are God awful at it)
They are either underwater or have a very low historic average, in which case they've missed massive profit making opportunities.
So are they just bored? Do they just love to be contrary? Is fort stupid, misguided or sinister? Genuinely wouldn't want to call it. Anyone got any insight?
Right now buddy, we are positively trying to spot a light at the end of the tunnel, the tunnel is getting longer, we are long and running a loss but we are not selling so we look to rationalize what is going on. No roses involved.
I see lots of people trying to rationalize, but I'm not sure a rational reaction to an unprecedented political event is to claim it was already costed in?! Before last week, I hadn't read a single article proposing that Lasso would dissolve parliament. So unless people trading this share had a better insight than his own ministers (on record expressing their surprise at his actions), this can't have been 'baked in'(sic).
Strange behavior, but whatever keeps fort/red/bubble happy and out of trouble, I guess...