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Interesting snippet there Schlem - "while Barrick Gold’s chief executive Mark Bristow is said to have visited the country several times."
He's quite public about his desire to get back into Latin America (ref the recent Gold forum presentation). Has he been visiting any other SA countries, or is it just Ecuador - that would be expecially telling.
“Highly prospective” location
Ecuador has gained ground as a mining investment destination in the past two years, thanks to a revised regulatory framework and a major investor engagement campaign that attracted around 420 applications for concessions in less than a year.
Canada’s Lundin Gold (TSX:LUG) is set to begin operations at its Fruta del Norte gold mine at the end of the year, and other multinational mining companies are looking at Ecuador with interest. Dundee Precious Metals will begin investing in the Andean nation through junior miners already operating there, while Barrick Gold’s chief executive Mark Bristow is said to have visited the country several times.'
Mar 2019
mining.com
That Margaux Robbie Scrat?
Agreed Steve, I am a Paulliac, Medoc man myself.
Can’t go wrong with a Margaux ..
I'm a Sol Gold shareholder and lurker, but happy to let more informed poster comment. Except in this case when I have to point out that the nicer Bordeaux wines are the best :) I drink Amarones, Barolos, Riojas and Chiantis, but if forced to choose I have to go for a Margaux or a Paulliac.
Would somebody care to share a bottle of Mateus Rose or dare I say it Le piat D'or... ; P
DBW, me too, although I'm also keen on Chianti.
With you on the Rioja DBW, also like Barolo, just feel it's overpriced.
Strictly a Barolo / Rioja man myself
Morning addicknt, I agree, however don't like high strength wines either.
I am not a fan of Amorone, and that's horribly expensive.
Quady, what's the point of drinking anything with such a low level of alcohol?
Not but, I meant buy.
Who remembers a wine called country manor wine it's still sold and classified as a perry, because of it's alcohol content, under 7 percent.
You can but it in 3 liter boxes for £5.75 from Tesco.
This is anything, but a recommendation.
Blue nun?
Or is that one of the movies I used to watch ?
DBW, I'm absolutely sure you're right. Mind you, if I lose he'll be getting a bottle of Tesco's pinot grigio.
Morning Add
I think that’s a bet Jerry would be more than happy to lose
Jerry, you're on. We'll discuss the bet privately.
Yes Miagi, I genuinely believe as soon as it’s de risked and it’s confirmed from authorities that Alpala:Cascabel is going ahead, then the fireworks will start and we will get a decent price.
"Bristow said industry consolidation needs to continue so that tier one assets move into the hands of the best mining companies."
That's a message to persuade his major shareholders. He needs them on board with his strategy. Clearly, if he was acting on his own, he would have purchased more assets by now.
For those wanting us to go to production, ironically, this risk could mean SOLG keep hold of the asset, mainly due to the social and environmental work SOLG has always put first, unless it was a case of the major simply agreeing to continue this work?
Earthling, we could be at £5 now based on a direct comparison with Hav!
Ok Addicknt. I say less than 100p......
You can summarise his attitude as "we think the industry would be better served if the established global majors take control of all the best assets and squeeze out all competitors and prevent newcomers from disrupting our global oligopoly".
Basically what's been happening in every other industry over the last decade or so too. Having said that, if that means a major forking out big bucks to take Alpala and the rest out from Solgold, I will be happy to take their money.
on reflection, I think as soon as the majors know we have permission from the authorities, de-risked completely , without further potential risk form those against mining, then we will see the bids come in.
it's already been said that if this asset was in Australia we could well be over a pound by now.