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Sharket
One has to suspect, that with the current level of his ramping daily, he is under real pressure to turn a profit on those T 20s.
I suspect he has taken a short term loan/ overdraft or credit card to fund those buys, nothing else could explain the mindless daily ramping .
Brilliant find? I doubt you even bothered reading the article as you don't come away with that sentiment. Honestly redknight your credibility on here has been shot to bits over the last fortnight. Incessant, mindless ramping out of sheer desperation. You should know better.
Aquinaga.
Nice to see you've toned down your vitriol.
Suspension obviously working
Thats yesterdays date...brilliant find DBW!!!
RK, you are absolutely correct that it isnt a straight read across. You might struggle to compare reserves to reserves?
Having said that its definitely not bad news.
Lasso addressing serious energy deficit in Ecuador before he leaves office ……..
Plenty of hurdles to overcome and obvious geopolitical issues but we are getting there
“ The Chamber of Mining highlights that, despite Conaie's mining opposition, the Government signed key investment contracts, such as the contract with Curimining for the construction of the medium-scale Curipamba-El Domo mine, in Bolívar. The terms and conditions contract for the exploitation of the Cascabel concession, in Imbabura, was also signed with the Australian SolGold. This is projected to be one of the largest copper mines in the world”
https://www.primicias.ec/noticias/economia/lasso-pendientes-electricidad-apagones-mineria-telefonicas/
….and??
Teir one of this size is worth a sale price of £1.5bn …but can we get someone now to pay the price?
Don’t get me wrong that would be lovely but that’s been the range for about five years !
Will be very surprised if it gets to the £1 mark but if it did it will have been worth reading a hell of a lot of nonsense on this board for a decade!
If we can get to 60p or above that’s great below that I will feel robbed. Before anyone says anything Ian less hopeful of that price than at any point for approximately 5 years.
I hear you Tesla, sentiments does have a role to play.
I do hope that the problems in Panama will focus interest in Ecuador. It would be nice to hear more about the in depth due diligence currently on the way at Cascabel.
And even if you deduct the cost of building the mine, its still well over £1...
But there is far more to find at Porvenir, Helipuerto, Rio Amarillo, etc...etc...and a huge footprint into the Ecuador mining industry from which a dominant position can be built...
So I say again...with 20 interested parties in the data room, maybe it is how the hell to value this basket of riches...
Sorry...forgot the link...
https://www.mmg.com/media-release/mmg-to-acquire-khoemacau-copper-mine/
Thanks to the poster who gave me the headsup on this deal...for all the dismal jimmies who think we will only get 30p or so, read these metrics.
Ecuador is ranked 62 in the world for GDP ($106BN) and Botswana 114. ($18BN)..
The Chinese State (through MMG) has paid $1.9 billion for a mining company that is, admittedly, prpducing 50/65kt increasing to 135/155kt for a 20 year mine life.
Cascabel will produce an average 265kt
It has eserves of copper (6.4M tonnes) and silver (263m ounces)
Solgold has, so far, 12.4M tonnes of copper, 92.2M oz silver, BUT 26.7M gold
So at current prices, Khoemacau's reserves are worth $55.5BN
Solgold's are worth $162.7Bn
Now of course its not a straight read across, but theoretically the price for SOLG would be $1.9bn x 162.7/55.5
i.e. $5.57Bn or £1.50 a share...
Enjoy...
Eloro
Of course it isn’t pleasant when your investment is down, I get that, and if you have made a sound investment value will win out in the end.
But there are a few rampers of which red knight is the main culprit who will pounce on anything slightly positive and ramp it to death, anything negative will be ignored unless he has sold, which he does do. He misleads the board based on his agenda and position which in my view is not on and why I despise the poster.
These rampers also don’t accept there is any risk and a buy out is a done deal, that is extremely dangerous to people reading their posts and it is designed to mislead readers into buying and digging rampers like red ramper out of the huge hole he is buried in.
I would say there are 2-3 posters currently in that position, Red knight followed by fort, then to a lesser degree DBW.
I don’t put 1984 in that group, as although he is bullish and posts there will be a buy out, he doesn’t out and out ramp like red ramper does and his view is a valid view to take because that may happen.
Https://www.mining.com/first-quantum-to-halt-panama-mine-if-blockade-goes-on/
Dalton Baretto, an analyst at Canaccord Genuity Group Inc
https://financialpost.com/commodities/mining/canadian-miner-solaris-china-ottawa-curbs
Https://www.mining.com/jiangxi-copper-boosts-stake-in-first-quantum/
Scott said it would happe n by 25 November...
Meanwhile, am in contact with the Board. Twigger and Clare not 'orchestrated'. Sadly missed. Scott doing a great job.
Cheers Tesla,
I think it's fair to say, leveraged or not, we are all hurting at the current SP. We all expected fast and smart. Instead, it would appear that slow and stupid won the race!!
All we need now is for the Nincompoop Aussie Loser to rack up with an illiterate post:)
Rodney
I think Noboa was the best result as far as miners go
This was an article a couple of weeks ago that I found summed it up quite well
“ The Noboa administration is anticipated to lay a strong emphasis on extractivism during the first 100 days in office. Extractivism is an economic model based on the principle that the exploitation of natural resources like oil, gas, and minerals is crucial for national development. Ecuador is a nation rich in these resources, boasting some of Latin America’s most significant deposits of gold, silver, and copper. Noboa’s approach aligns well with this wealth, fostering a setting that could fuel economic growth through natural resource extraction, and he has placed this at the forefront of his plan to close the fiscal deficit in the country”
https://www.miningfeeds.com/is-ecuadors-election-of-daniel-noboa-for-president-the-beginning-of-a-new-era-for-mining/
RT, the answer is, not one of us has a clue. If it is going to happen he needs to get on with sharpish. Are you concerned that Noboa will not give approval? because there doesn't appear to be any evidence to support that. Mind you, this is Ecuador, so who knows?
Can we have a discussion as to whether Mr Lasso might approve licences for Solgold before he leaves office please? Anything meaningful would be great to be a part of.
Addicknt
Ps forget to compliment your post
Addickt
The ramper is clutching at straws trying to find positivity where there is none.
It just wreaks of desperation now.
He/she is highly over leveraged and desperation is kicking in with the upcoming agm, which may kick things off…….
RK, what about them? I can only see a total of approx 1.3m, which is not exactly earth-shattering, is it? Or were there more?
Referring back to the Bell Potter holding, I seem to recall that some time ago they were described as belonging to Mather and associated parties, plus various Australian private investors. I'm afraid there's nothing exciting about it.