London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Feels like despite the years of frustration and waste we are now in the right sector at the right time.
The piece below sums it up quite well for me
“But First Quantum’s travails reveal something even more important: it is becoming very difficult to build large-scale copper mines in Latin America. There are more than $100bn-worth of copper mining projects across the region that are being held up by environmental permits or processes.
Latin American states, most of which have weak legal mechanisms for building strategic projects, are struggling to balance the need for new mines with increased environmental activism and the historical legacy of disaffected communities.
Latin America is normally on the peripheries of the world economy, but now the intricacies of its internal politics have global significance. Peru and Chile account for more than 40% of world copper production, while Ecuador and Argentina could become top-ten producers by 2030. The region’s inability to build new mines is bad news for the copper-intensive energy transition, but good news for the copper price”
Looking forward to much better times ahead. Good luck to all and Happy New Year.
well done dbw.
and we have the full support of ecuador govt.
looking forward to a fantastic year ahead.
2023 really was ****e
Thanks dbw
HNY to all investors!
Happy New Year everyone!!
Do we have the full support of the Ecuadorian government? I recall reading here that we didn't spend the full amount which we had committed to spending. Won't that upset them, and if the support was 100%, shouldn't we have received the permit expected before Lasso left office?
I know we don't control the government schedules, but if they truly valued mining, they would have expedited the permits and stop dragging their feet on every important thing. All we are left with are doubts, guessing, depressed SP, and no idea if our wishes will come to fruition.
Anyway, new year, new hope, and my sincere wish that we can all at least get our money back.
Eloro, are you a muppet? How can you say the Ecuadorian govt is unhappy with Solgold... Can you read english?
Ecuador expects Cascabel to be a producing mine
https://www.reuters.com/business/energy/ecuador-expects-4-major-mining-projects-start-up-by-2025-2021-09-17/
Govt expects Cascabel pre-construction to kick of end of 2023 and construction in 2024
https://www.bnamericas.com/en/news/ecuador-expects-us3bn-construction-of-2-mines-to-kick-off-next-year
Exploitation & Investment protection agreed between Solgold & Government
https://www.mining-technology.com/news/solgold-sheet-ecuador-cascabel/?cf-view
Ecuador halts mining licences and approvals, with Solgold's Cascabel being an exception to the ruling
https://www.mining.com/subscribe-login/?id=1124361
Received environmental license from Govt. to carry out certain underground activities
https://solgold.com.au/solgold-plc-announces-reminder-to-vote-at-agm-cascabel-update/
Doesn't matter what appellative you assign to me BBG, the fact remains that we haven't received the much talked about and anticipated permit from Lasso before he left office. Further, none of us knows what the Ecuadorian government reaction is to us not spending what we committed to spending. Hence, here we are still waiting, still guessing with some folks expecting events to drag into 2025!!!
Let's see what happens by end of Q1.
Cheers Eloro,
Post facts instead of bullsh*it.
14 recommendations for my former post.
You are one of many twits on this thread spreading fear and talking rubbish about the company.
Morning, this is why I now have a bit of fun until proper news comes along .
Giving needapoke a shove is starting to be quite cathartic. He certainly needs something.
HNY
Well guys at least we are not in COPL ( well hopefully not) having literally collapsed 100 % since this date last year and can you imagine how needalife would be with their constant boring parroting of the self same narrative day after day after day after day if this were... which makes our year look positively fantastic considering we are only 40% down and we haven't delivered a single meaningful update to the wider market. And we can see that that deficit can be wiped out in a few hours of trade as we witnessed on the 27th.
ONWARDS & UPWARDS !!!
Come now BBG,
You want facts:
-Permit expected from Lasso failed to turn up.
-Bid expected which would have removed the need for the 2023 agm appeared to have gotten lost on its way to Quito!
-Cash running low which will need to be replenished before the end of Q1.
-1 Yr on, the relationship with BHP is still pants.
-Those who kept on topping up from 40p to 6p+ are suffering from buyers remorse.
-Current state of affairs, pundits who should now be called mushrooms for being kept in the dark by the new broom The Rocks Caldwell, have resorted to guessing, name calling, putting down posters when they should be directing their ire towards the BOD for their failure to deliver and growing shareholders value.
Me, I am not sure what other parameter to measure shareholders value with other than the current SP which has dropped 43% since The Rocks took over!
Yes novice I put a 1k punt in there. And as I'm sure you've seen how disgusting some posters are at others losing their life savings and seem to be very gleeful. I'll never understand that way of thinking and I hope you learn from it too. You will never ever be successful in anything wishing others misery that is a a sure fire guarantee.
HNY all
😭😭😭Off you trot buddy and hoping you have a Sh- tty 2024 😉
This is why you're skint.
I wish you a better 2024.
:)
Don't want your fake wishes so shove then up your rs and am far from skint troll boy.
Ok that's me done with Tiny back to ignoring the 2wat 😉
BBG - much of what Eloro posted is reasonable. Lots of your links are old.
The revised IPA has been under discussion for over a year now...
... Scott said a 'great chance' of the updated IPA arriving before Lasso went. Nothing has happened.
No clarity on this from the company in recent months and as 2023 ends. And when Solgold start going quiet on things it is usually bad news.
We've had no licencing / IPA news since the new Govt took the reins. Are they 'fully supportive' as Scott has indicated? Are they frustrated at the slow progress and Solgold not hitting the expenditure commitments under previous IPA? (And missing this by some way).
Are BHP / Jiangxi / others whispering in the ear of the Govt that they would be able to progress faster?
I will be relieved once a (positive) IPA addendum is signed with Solgold. I expect this to result in a significant re-rate to the SP. We'd be back-on-track with an updated PFS then showing the project is feasible, even on a go-it-alone basis if required.
The IPA may well be holding up any JV or sale news too. All feels very circular.
We're back to relying on the Govt gettings things done.
You'll never learn novice will you? If you recall you wished for me the same thing last year and yet its been a very profitable time for me and a terrible one for you. So thank you again as I expect a smashing 2024.
Unfortunately as you're a pensioner it's probably a little late for you to understand about the laws of karma.
#destiny
Yada yada yada blah blah blah🚀🚀🚀
Eloro, you made some interesting statements and labelled them as facts.
1) Permit failed to turn up before Lasso departed. Which permit? Do you mean the IPA? Personally I don't recall any definitive statement being made in this respect. SC may have expressed the hope that we'd get something signed, but does that count as a promise? Obviously it would have been good to have something and I would hope we'd get some good news on this soon, but if you're trying to suggest our relationship with the government is not as good as has been stated, why did they extend the licence?
2) Bid expected. This was bb chatter, nothing more.
3) Cash needed before end Q1. Really? So when the company said it has cash up to end June without selling the CGP shares, was it lying?
4) We don't know what the relationship with BHP is at the moment, although you should note they didn't vote against Caldwell's reappointment.
5) Yes, it has been difficult for those who bought more shares at a higher level, but each and every one of us makes mistakes of timing, so I'm not sure it's anything to gloat about.
6) You complain about a lack of news flow and strategic direction. Really? It's been spelt out for us and confirmed by DC in his statement to the tribunal.
We are all frustrated, Eloro, but surely you can see what SC is trying to do?
Good morning all and happy new year.
Looks like more of the same.
Slug is still by far the most unintelligent poster on here talking more rubbish.
Redknight still on about autobots without understanding that more autotrades on the day we went up 37%.
At least I am posting after addicknts sensible post that more of less sums up the Solgold situation.
We disagree on small points but agree with all the points he made at 07.40 today.
Happy New Year Add, and to everyone,
2024 is upon us. Time for new resolutions, and expectations. Your unbounded optimism Add is certainly striking a positive note to kick us off. I am not going to mar the new day, new year with my doubts.
There is a saying, baby piglet asked his mom, why do you have such a long snout? To which his mom replied, you are growing, you will find out.
Doesn't matter what any of us post here, events will unfold, and we will find out. Back to work tomorrow. Fortunately I am still gainfully employed while waiting for solg's manifest destiny to unfold.
Addi,
Notmuchbrains and Eloro are only here to spread fear.
https://www.lahora.com.ec/pais/gobierno-ecuatoriano-solgold-firma-acuerdo-previo-concretar-inversion-proyecto-minero-cascabel/
https://x.com/RecNaturalesEC/status/1681788311105425409?s=20
Eloro, I don't have 'unbounded optimism' and I like to think I can be objective. There remain many hurdles, but it seems to me SC is trying to overcome them in a logical and systematic way.
The one thing I have absolutely no doubt about is that he, the board and our advisors are working towards what virtually all of us want - an exit. And bear in mind, holders of 2bn shares gave him an overwhelming vote of confidence, and we haven't seen that level of support for quite some time.
Hi Add agree, the goal here is clear.
I have no doubt whatsoever that there are several parties carrying out their due diligence and whilst the market may or may not sit up and take notice of the revised PFS ( I think it will ) any interested counter parties certainly will.
In the meantime any news on licenses, revised IPA etc will be most welcome.
Dbw, Add, Bnc, agree with all points and especially yours Bnc.
Personally, I remain optimistic of a good outcome in '24 here as SCs done all the ground work now and I think interested parties will now be drawing their DD to a close. A new supportive administration has also been a big win in recent months. There's also no doubt that falling interest rates and a stronger metals market will lift all boats in our sector so IMHO '24 will look very different to '23 and as we can see from the sp on the 27th, this can move fast.
All the very best and let's hope '24 is finally our year. C
Add - you won't get anything constructive out of Eloro now. Very much on the wind up since his rebellious vote at the AGM was so unceremoniously kicked into touch.
Your post earlier today was spot on, and said better than I ever could. Glad you addressed what could only be described as a poor take of the current situation.