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Maths finger, I hope your right about rare earth.
I don't normally deviate from copper and iron ore exploration, but Ive had a dabble in rare earth and lithium over the last year or two.
Bit of a mixed bag at the moment, I wont name them, but lithium shares pretty average at the moment, but early days.
Rare earth doing better, one in particular just signed a contract with the U S government. So fingers crossed.
The great green box galah is up. Probably squabbling with someone no doubt!
Generally intelligent but there is always an exception to the mean.
Mathersfinger, nevermind the Cu, see what I found on KingsWorld!
POG is going to POP!!!!! LOL! When? Soon!!! At least I hope so!
https://kingworldnews.com/gold-poised-to-explode-higher-as-3rd-great-gold-bull-market-gets-underway/
Interesting find or then. Well done.
It will take a bit more time to digest it all.
But provisionally mixed feelings.
It appears there incorporating a tax to appease the local communities, and get get them onboard,
No bad thing on the face of it, if it can sort out the apparent stalemate with miners and communities, as long as the cost to the mining industry doesn't put another hurdle in our way.
None the less, evidence that Ecuador appear to be working to move mining on.
Forgot to post the headline
MINING COMPANIES QUESTION ECONOMIC LAW
Texasminer.
Your post is factual and relevant, pay no heed to the likes of bbg, in fact it's a badge of honour.
If he starts throwing abuse at you. You can be sure,
You've posted something relevant he doesn't want to read.
As for him filtering you, a little bit of salt is required.
It won't take you many posts to realise who's in so deep, that reality will not be tolerated.
QUITO, DEC 29, 2023 (Agencia Ane)._ The Organic Law of Economic Efficiency and Employment Generation expressly prohibits the public-private alliance regime from being applicable to the extractive mining and oil industry and provides that companies dedicated to the extraction and commercialization of gold, copper and other minerals carry out self-withholding of up to 10% of the gross amount of each income tax transaction.
This Law, which was proposed as an economic emergency by President Daniel Noboa and unanimously approved by the National Assembly, has been in force since the 20th and now the government is working on its regulation.
According to private mining companies, the changes introduced affect the regime of the mining industry. These effects are:
Article 3 expressly prohibits the Public Private Partnership regime from being applicable to the extractive mining and oil industry.
Article 97 of the Internal Tax Regime Law is reformed by including the obligation of mining companies that market minerals must make a self-withholding of up to 10% of the gross amount of each transaction, in the manner determined by the SRI, as income tax. Said withholding will constitute a tax credit.
Article 35 replaces the third paragraph of art. 40 of the Mining Law, which established the obligation that, in contracts for the provision of mining services, 3% of the sales of the minerals exploited under the contract be dedicated to sustainable local development projects, through municipal governments and parish councils and, if applicable, to the government bodies of indigenous communities.
The new rule provides that the distribution of each 3% transfer will be distributed as follows: 45% for the provincial GADs, 35% for the municipal GADs and 20% for the rural parish GADs, belonging to the area of influence of the mining project. . The same article includes the destination that the different GADs must give to the resources obtained, which must be allocated mainly to infrastructure works, roads, irrigation, protection of watersheds, environmental management, promotion of agricultural activities, water treatment, management waste and environmental sanitation in general, physical infrastructure and equipment in general, etc.
Article 36 reforms article 67 of the Mining Law, which provides that the Ministry of Economy must carry out resource transfers directly. This power was exclusive to the Central Bank of Ecuador.
Article 93 of the Mining Law is reformed regarding the payment of mining royalties that from now on must be delivered directly by the Ministry of Economy to the provincial, municipal and parish GADs and to the indigenous communities, in the same percentages indicated in the case of art. 40 of the Mining Law, that is: 45% for the provincial GADs, 35% for the municipal GADs and 20% for the parish GADs of the area of influence of the project subject to payment of royalties.
Interesting to see bbg and aquinaga team up for some sort of love in on here.
They say opposites attract,
In this case, clearly similars attract
Https://www.youtube.com/watch?v=6l2nDVPH88w
Come on Solgold, get things going, start selling yourself.
Sitting on a pot of gold, copper and silver, what’s not to like?
Atb
@Texasminer, by all means no one is stopping you from disclosing your SOLG holdings, should you want to start the thread.
Hahah texas miner...
you are an expert after only being on this thread since 1 november... thanks for spooky message. I am quite content here..
And your first post as mr deramper in November was titled "A fool and his money are easily parted.. (1/2)"
Thanks for the essay pal but you're going in the naughty bin too. Are you worried about liquidity? Got a few shorts? I would be worried if I was shorting this...
Goodbye
Do one 😀!
I have never seen anyone show their actual holding.
But you should be asking the big rampers to prove theirs.
Those are the guys I wouldn’t trust at all, you know the ones trying to entice you to buy more of a stock that has an ever decreasing value.
I never understand why the bearish guys get so much stick, they are being proven right constantly.
Is your wealth better or worse from your investment here? I would imagine for the majority it’s worse, much worse. And anyone bearish has either made or saved themselves a lot of dollars.
Most likely next - Another dilution incoming within 3-4 months.
@NotMuchMoney, I have asked Solg, will post the answer if I get one.
On the topic of the relationship with the Ministry, Scott told me already that they work mostly with the non political staff, which is the same as before so there is a level of continuity, but as of the time of our conversation right after the Noboa appointment, they had had no contact with the new administration.
Everyone's guessing even you Eloro. Just sit tight. We will all either make a decent profit, get our money back or lose some money!!
Timescales ??? well who knows there is no point in this board anymore it's just a platform for certain people who clearly have low self esteem. I personally for what it's worth still believe there will be a decent return here one day and believe it will go in the region 45 - 55p just over the 1b mark
ONWARDS & UPWARDS!!!
You are guessing BBG!
Scott The Rocks Caldwell also promised to grow shareholders value. Look how that turned out since he took over and badmouth previous management.
Money running low and he will be forced to act. We will see how he deals with it soon without the need for guessing.
Agree...
They won't dilute at todays price so next corp event will be about getting the SP higher...
That can be done by announcing the sale of a) regional assets, and or b) by confirming a date when the strategic review will conclude.
I think first outcome is likely because it allows solgold board to fund a smaller/phased cascabel project which is upon us. Mix in an NSR and some cheap critical minerals debt from a sovereign and we have sufficient funding for the cascabel project. With the approvals and licences now in hand, we are far more advanced than when we executed the original NSR's (c. $100m for 1% NSR), so my guess is that we can achieve the same terms, if not better.
Having a strategic review running alongside daily activities keeps any interested parties guessing and on their toes.
As Scott outlined, Solgold has never been in such a strong position as today!
Agree the next news should be huge over say the next 3-6 months. The last year or two has been hard to get through especially with some of the more recent posters on here.
Know you have been here a long time too, our day will come.
Aguinaga,
I believe the below news was huge and indicates the wheels are in motion.
1. Exploitation agreement last July
2. Ecuador halting all mining approvals except Solgolds last August (they must know more than us regarding our capacity to fund it).
3. Environment licence to carry out development works last December.
Next news is imminent and is massive...
1. PFS.
2. Corporate action in order to move the project forward (JV or sale).
BBG merger if Feb and environment license were the last major development the rest is just what you expect or hope along the way.
Needs result of the never ending review
BBG suffering from cerebral deficiency. Surely if ownership of solg shares is a prerequisite for posting here that would be one of the requirement for membership here. How does having a poster prove their position change the fact that the SP has plunged 40%+ since The Rocks Caldwell became ceo, and that no bid has been made for almost a year?
Finally, who are you to be requesting folks to prove what they own? Are you the tax man? If I didn't own this stock, I would find your request quite amusing. You are a pratt. Meanwhile, the SP continue it's downward plunge while The Rocks Caldwell behaves like the Capt of the Titanic.
Adikt. Absolutely correct, standard notes. But there for a reason.
And although I had a senior moment ref solg.
They actually are an Australian company. In all but name.
And not old ad, and certainly not poor. 70 the new 50
Addi, just filter the loser mate. NAL doesn't own any shares here. if they did, they would prove it...
Poor old nal, he's now reduced to copying cautionary notes, the like of which are entirely standard and, in one form or another, are produced by every quoted company. The poor bloke must be desperate. Mind you, it was only a couple of weeks ago that he was telling us we're invested in an Australian company.
Cautionary not catenary.