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Good morning AgArCu.
Nothing is guaranteed. That's the art of investment.
However what Smickster has said is factual and goes towards a case to invest or not invest as evidence.
Along with the RNS information that we have received over the year's.
Let's remember we have gone from two donkeys and a drilling rig back in 2012.
Where the rig took ages just to site.
Where we at one time had twelve rig's drilling and we were no longer using donkeys, but helicopters.
I say we owe these donkeys a lot. And I don't include a donkey like needalife.
Today we have a proven world class deposit as outlined by Smickster.
So I felt confident to invest in 2013.
Why should I be less confident to retain my investment today.
We have continuously gone forward.
That's the question, not what we will get for it if it's sold.
But what is the value going forward whoever constructs it.
So many on here don't understand investment in mining and just how long a discovery a quarter of the size of Alpala takes.
We are here for the long haul.
Sorry smikster, I forgot about hole 5. can you remind me what that did to the sp.
can you also remind me how long that lady finance director hung around after she read the books
Hole 5
Smickster, can you post a link when solg have got something right. hopefully your answer won't be in French
Aquinaga. your last October post.
Anything less than 78p would be criminal. That according to Solgold is the industry average of takeovers.
the way your forecast is coming down we will hit 2p by next year.
clown
Tesla, solg and the Ecuadorian gov seem pretty confident.
Our share register also shows quite a few bullish investors.
They can't all be wrong can they?
Why hang around then Ag, short maybe?
Aquinaga, your dec 2020 post.
BNC Look forward to buying you a pint at the 1.00+ party for your charts over many years. Hope that’s not forming a gang.
today your forecasting 50p,
in oct last year you was forecasting 78p.
do you pull these figures out of copper pots magic hat. or are you a complete idiot
Get real, Smick...... We all agree that the takeover price is £1.34
Almost 5 bagger.
Sf90 Stradale or 812GTS ...... Decisions, decisions.
Therein lies the problem you have no idea how they will or even IF they will ever achieve that.
If, could maybe don’t increase value…….
Judging from past performance it isn’t looking likely no matter how hard the rampers try
So smick, aqui: is it guaranteed money? 3 bag return? Have you taken out a big, high interest loan to buy another 400k shares, in the certainty that you're right and we're about to get a huge charitable TO?
No. Care to explain why not?
….and a takeover price will not be less than £1.5bn for an asset like that. =50p a share.
Of what we have here.
Cascabel could become the largest BLOCK CAVE silver mine in the world, the third largest BLOCK CAVE gold mine and the sixth largest BLOCK CAVE copper mine, making Ecuador a breakthrough in the mining sector.
This is something that the major miners are going to be involved in.
Rio Tinto have made an announcement that if we recycle we can cut down on mining.
This is a multi billion dollar industry to recover metals.
Cannot post story at the moment, will continue to find another link.
Quad, you silly completely over the top, head in the sand old fool.
statecraft, nations created, ancient greeks, has nothing to do with your obsession with him.infact it has nothing to do with F A. other than you trying to impress. all you need to do is not read his posts, and give us all a break from your self imposed pompous bull sh??t,
Kat2008 that's complete rubbish.
The rac.ial part is recent.
The rest goes back to the ancient Greeks.
Know your history.
You just made it up.
Try reading about statecraft and how nation states at created.
Free speech is a major factor.
" You cannot racia.lly abuse people, you cannot use hate speech and you cannot incite violence. "
Historically, yes you can. The current political regime says NO, but they can fark off as they have no legitimacy, only their desire to dominate us.
Duh. That's why it was free speech. I could call you names and you could call me names. Don't like it.... either suck it up, or find a way to make common cause and get over it.
How have we all become such pussies.
That's about right Orthern.
It'll be sold off on the day and within 3 sessions will be back to the same level as pre news.
70p is just a dream…
What sort of spike do you see from any news of a JV?
25-28p and large numbers will bail out
The only way it reaches 70 is if two parties go hammer and tongs for at least 3 bid rounds, which I consider to be unlikely.
Opening bid will be 28-32p. Someone will need to oppose it to push us into the 35-45p range I think will be successful.
45-50p if the original bidder makes a 2nd offer. 55-60 if the other party counters.
“The authorities and Australian mining company Solgold agreed to move the Cascabel project to the development stage. This is the seventh largest copper and gold project under development in the world.
The mining company will invest $5 billion, $35 billion will be exported from 2030. The State will have an income of $8 billion during the life of the mine.
Cascabel found that Ecuador has the same geology as Chile and Peru, the two largest copper exporters on the planet. The Andes are to copper what the northeastern coast of South America, Venezuela and Guyana are to oil: the world's largest deposits. Chile has the largest copper mine, Escondida, and in the group that operates it is BHP, which is also the largest shareholder in Solgold.
Ecuador has not produced copper like Chile for two reasons:
1) Our Andes are not arid like a good part of the southern Andes, and therefore it has been more difficult to detect the mineral. Ecuador has not been explored as intensely as Chile and Peru, so the search for copper has better prospects in Ecuador. In Imbabura just south of Cascabel is Llurimagua, in which Codelco invests: the first operation of the Chilean state company outside of Chile.
Ecuador is the future of Andean mining, unless we Ecuadorians prevent it. The Fraser Institute, which surveys mining companies, classifies Ecuador as the country with the best mining prospects in the world outside of a couple of areas in Canada and Australia, home countries of the largest mining companies.
2) Our mining regulations are not competitive, another factor behind our backwardness. We are suspicious of foreign investment, we pass laws that establish unrealistic conditions and we are the kings of paperwork. This changed with Gustavo Noboa's mining law, but the National Assembly blocked it again in 2008. Rafael Correa reopened mining in 2015. 7 years were lost, so Cascabel will be in production in 2030 instead of today, when we so need that tax revenue.
There is no need to grieve over spilled milk, but do avoid making mistakes again. The Constitutional Court hinders mining investment. Lenín Moreno closed the mining cadastre in 2018 and Guillermo Lasso has not reopened it. This interrupts the inflow of capital, and last year there was foreign disinvestment in mining: what the two mining companies in production send abroad is more than the new investment, while dozens of companies wait to be allowed to invest.
There are other projects ready to go into development: Loma Larga, Curipamba and La Plata. Behind come more, including Crabs (El Oro) and Warintza. It is necessary to facilitate exploratory investment in many other projects and open the mining cadastre for new companies to enter to prospect. You have to have activities at all stages.
Norway has just announced that a phosphate, vanadium and titanium deposit discovered in 2018 is commercially viable; The Government supports the project and its development will proceed.”
Quady. I repeat, if you feel offended by his posts, don't fu""" ing read em.
But you can't can you, because if you didn't read them, you would have nothing to scream about.
Then you wouldn't be able to tell everyone how offended you are.
Go out tonight, go to a pub, get into some male company, enjoy the banter, you may have a nice evening.
It would be much better than looking out from behind the curtain to find the next crusade to go on.
Why do you not call out novice, with his manchild vile comments. Is it because the spineless little turd agrees with you. Just bear in mind your no1 supporter by his own admission supports putin.
How does that stand with your ridiculous holier than thou indignation
Be realistic Slug… how much are you expecting?
I expect no higher than 35p
I expect India to assume the rising economic power as China starts to enter damage limitation
It’s probably the knock on consequences of chinas economic fall that will be worse… when they can not prop up all the countries that are technically ready to default, it becomes a house of cards.. and as is always the case, the poorest are affected first and the most..
Let’s hope it is soon…. But to be fair, you have been saying it’s not far off for about a year now.. and now we are mothballed…