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MDA due in circa 3 weeks….
There is sod all they can discuss and analyse with all operations shut down… Wondering what it can possibly say
Orthencopper let's hope they say they sold cascabel or the whole lot in Ecuador ,how much do DGR have now?
Cash burn rate/cash balance will be interesting..
But with regard to what basic operational tasks Solg staff claim to be doing, I assume them to be be so vague and insignificant they dont require any updates… just enough for management to be able to claim some activity is actually taking place, and to justify still being employed..
I don’t expect any further explanation or clarity on position and strategy.. not until the results of the strategic review… which I fully expect to be pushed back to q3/4… but hopefully I will be wrong.
But there is the rub here… I am actually interested in what the content of this MDA could be, considering our current position… will it actually contain any clarity… or will it be fluff and filler due to no progress or plans..
Morning dm. Trust your having a good weekend.
Ive just caught up with your Friday post.
." It is incorrect to state all operations shut down. As far as I'm aware, there is still exploration/prioritisation taking place, just not drilling anywhere other than ENSA. Although a regional drilling programme is 'planned' for H1."
I must of missed something mate, not being the brightest. Is it possible to post a link on here, appertaining to this.
Thanks in advance
DM yes they'd made that mistake before with sedar,sorted now I guess
The upcoming MD&A (mid MAY) covers quarterly financial period ended 31 March 2023. So any events from Jan 1st through to March 31st. So they'll cover off completion of merger and delisting etc, issuing of shares blah blah blah. Prob some ongoing field studies, rock chip samples blah blah blah. And of course some further studies on Alpala. Pretty much all of it is already outlined or forecast in the last MD&A. So I can't see any surprises and MD&A more a formality for market regs than an update.
If multiple NDA's have been signed and they are in discussions with buyers or partners etc, none of it has to be disclosed (unless they want to) as the discussions likely to be by 3rd party eg Maxit and as such may not involve 'management' discussion' until Maxit have presented their workings or progress update to the BoD's.
So I doubt the MD&A reveal anything other than what we already know.
The MD&A for April 1st through to June 30th will be the one to watch assuming we have had zero news. I doubt the latter, but pressure to deliver will be building toward June for sure.
Market backdrop looks set to improve from H2 onwards as inflation dips and rate rises slow or end. PM's should be doing well as globe gets back to growing GDP after contractions and post covid woes.
Anything on Ecuador Gov or mining discussions will likely be released before MD&A if meaningful otherwise if continued talks etc, then it will say just that.
Would be good to see Ecuador & Chinese sign FTD in next few weeks or couple of months etc.I just get the feeling that we might be held back (hands tied) until that landmark and historic globally significant deal is officially pen'd.
DM, no need to be defensive as wasn't being critical. I think the thread or question on MD&A was started by Orphencopper who in his normal drum way said "There is sod all they can discuss and analyse with all operations shut down… Wondering what it can possibly say" END.
Most of us know what it will say... that was my point. A non event. BoA Metals conference around May 18th more likely to see a new presentation assuming we are presenting there again this year. If we are not presenting... then it does suggest the end game (sale/deal) is very near.
Yes I agree fortissimo,May will be a clue to which way it's going imho
Dm. Just read the dm&a. Im not to bright, as has been pointed out. But I can't get my head round how you came to the conclusion were drilling at this particular time. Ie end of April. The report seems to be out off date. Would be grateful if you could cut and paste the relevant paragraphs.
Hope you have a good week
Yet investing in let's say somewhere like Iraq is?
It's a bit of a US trademark isn't it to invest unstable countries and even destabilise to make it a more lucrative investment.
Needalife you still trying to pull it down?,those areas nowhere near solgolds portfolio and just for record have a look what solgold are doing in the areas they exploring for everyone not just the Ecuador government,plus they been here before dealing with things like this watch what happens I think
Thanks for taking the time to post the info dm. Explains what I missed.
No worries needalife ,last month the government received $250 million dollars in revenue from mining activities I think ,now am sure any government would want to quell any disruption to keep the mining industry happy and employees and communities and other activities like infrastructure and plantations and continue to encourage investment into Ecuador imho but let's see how they deal with it
Wow....Bubbles posts have just changed considerably. If I didn't know better I would have thought it was someone else posting under his name! All guises slip from time to time!
Copperpot lol!!:),I can read aswell!!:)
Methink, when last week I was listing the three main topics affecting the SOLG price at the moment, that country risk is indeed a concern and the one we cannot control. The other two variables (IMHO), i.e. spinning off the regionals before selling SOLG (corporate challenge) and how to resolve the block cave approach economically (technical challenge), are the foundation of the Strategic Review that is required to allure a buyer.
But if a country gets toxic for investors, whether or not this is the case for Equador and whether or not it is to such a degree to push even the Chinese away, it might push us back years.
Just for balance and hopefully not of course.
Italian. How very true. That's all I'm trying to put across in my uneducated way. Of course I'm not saying there won't be any investment. I'm simply saying just because it's solg, and we all think the sun shines out of mathers proverbial, there are issues to be resolved. If Lasso, as looks likely is impeached, you could have a snap election, and all that entails. Solg needs selling, and selling fast.
Allianz economic forecast for equador 2023
A slowdown in 2023
C4
HIGH RISK
Economic risk
Bubble do you seriously believe, serious investers, who will hyperthetically pay billions of dollars, to
1, buy solg
2, build a mine
Won't be concerned with equador instability
So difficult to keep up here, so many posts don't make sense because they are referencing posts that no longer exist because the redactors have been crying to admin.
This piece in the FT provides a pretty good summary of the situation in Ecuador. I must admit I hadn't realised just how bad things had become for Lasso and his prospects for staying in power. Let's hope that SOLG have maintained relationships on both sides of the political divide.
https://www.ft.com/content/e19489a1-a63f-4d70-abaf-379dc63c18e2
Chinese have already bought in ,Franco signed and invested for resources to be refined , MCM invested,BHO invested , institutions invested ,they not there just to roll a dice and hope it comes up trumps , infrastructure , plantations up and running , Ecuadorian people employed ,other members Ning companies up and running producing revenue for all ,please tell me if some illegal miners ,a few drug cartels going to change the strategy Lasso and co have put into place also they do have a lot of oil to sell ,please don't tell me they doing speedboat runs overtaking oil Riggs and ships to bring the country to its knees!!!,maybe I should sell up and invest in a Sudanese company