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Solgold had the upper hand in the merger. CGP had no other option but to merge or disappear from the face of the earth................. totally cash strapped! Solgold and the govt are looking really cosy.....they have for a long time. No sale was ever imminent, the price of the share (at present) is reflective of where we are on this long journey to production!
Again..... we are 'mine finders not mine builders'.
Not sure how many times this needs to be stated for everyone to see the wood from the trees. WI recently confirmed as much too in recent tweets... 'It's sale time', and 'I see a sale..... all investors need an exit'
For those who see a sale, where's everyone's heads at in terms of timelines? The way I see it, once Yaku Perez is out of the running for Pres, risk of political interference with the progression of Cascabel is reduced even further, as with a strong Exploitation Agreement signed, we should be in bid territory. For me the sweet spot for a bid if Yaku's out of the running is 20th August onwards through to the end of mid November.
All IMHO, thoughts?
Hope you're all on good form. C
Would be good to get an updated version of this if anyone in country has any updates...
https://www.as-coa.org/articles/poll-tracker-ecuadors-2023-presidential-election
Highflyigman, you have the right name
...... your head certainly is in the clouds......no offence intended.
Good luck.
Let's just stick to debating the topic in hand copperpot, we're not 7.
Just out of interest, specifically why don't you see a sale and what do you see as the outcome here, and please not just conjecture, backup your thesis with evidence?
... and my question is well meaning as I'm not daft enough to think my assumptions are correct and welcome the thoughts of all. C
I listen to Solgold and not Arren Wirwin.
By the way....I'm not acting like a 7 year old. Good luck with your investment if your relying on Arren!
FYI, although WI is undoubtedly close to those currently running SolGold and Maxit who are running our sale and his words are helpful in maybe reading between the lines of what the company cannot say as we are a listed company, I do not invest based solely on his comments. That would be very stupid indeed.
One last time, what is it specifically that the company have said that makes you believe we are taking this to production with the Capex required to build one of the worlds largest mines against a particularly unhelpful macro economic climate?
Surely you must be thinking JV? If so, what's your opinion on the impact on shareholder value?
Love to hear?
C
Highflyigman - with all due respect, you're at risk of lading yourself down a well worn path that isn't really reflective of how business is carried out.
What SolGold says, or what any company says for that matter, is fairly irrelevant. It's what it does that ultimately dictates share price performance, shareholder returns, etc.
The "we're mine finders, not mine builders" is another nothing, almost throwaway line, a bit like some of the ones Mather used to throw our at conference time.
We're mine finders by the virtue that we've found a project that ought to become a rather large mine. We're not mine builders because we've never built a mine in our history. That's not to say SOLG cannot become mine finders and mine builders (I happen to believe they won't but I'm trying to explain how it's a fluid position).
The simple way to look at it is that we're not anything at the minute. We're not doing nay activities that can lead us to find any more mines and we're not building any mines on the resources we have discovered, so I'd adjust Scott's statement for him and say "we're mining dossers doing desktop work in the hope of attracting a bid".
That doesn't sound as good to the market though.
As for the direction of travel... let's say the company produces an optimised mining plan before year end and the elections are not detrimental in the meantime, we're back in the same boat. Smaller bid or no bid. If there's no bid then we might be reaching for our shovels and starting the decline ourselves. That begs the question of who is really in control here. Unfortunately for us, it isn't Maxit.
Good evening all. I thought I would repost my April concerns ref gangs destabilising Ecuador, and hindering investment.
"Also bubble, equador changed their visitor visa recently. You can now stay 3 months with no visa, and renew 3 monthly.
Albanian gangs wasted no time exploiting this. They have completely taken over the import and distribution of hard drugs. Now run 90% of illegal mines. This is not someone's grandad on a donkey with a spade. These are ruthless vicious maffia gangs who murder and extort and kidnap at will. It's not an unreasonable question to ask if anyone thinks it could hinder investment in equador. I enclose the front page from a leading equador paper.
Ecuador is a sick country with the same symptom in all public and private structures, classified as: hired assassins, drug trafficking, corruption, blackmail, indolence, quemi-importismo, disinformation, violence, kidnappings, terrorism, etc., uncertain future."
This was taken from pb americas.
Just wondering if the views of the 6 or 7 posters who ridiculed me, or the 6 or7 posters who giggled at their replies views are now, bearing I mind it is proving to be an issue.
Padmasters reply to my post.
Usual scaremongering from our resident clown.
Makes one wonder his judgment
Ftjny reply to my post.
Nice try but must try harder if your going to get your 30 pieces of silver from whichever major is paying you to de-ramp Solg
Head in the sand didn't alter the facts. Mafia typy gangs are a major hindrance. No amount of abuse changes facts.
Needalife you really do talk some utter tosh.
Every country in the world has risks, but as someone who has travelled a bit in his life, often crime is aimed at tourists, as they don't stay around long, so tend not to testify.
So take a look at travel info.
Ecuador is the 5th safest country in South America.
It's safer than Brazil which is one of countries attracting large inward investment at the moment.
Please read a current article posted below.
https://storyteller.travel/safest-countries-in-south-america/#:~:text=Uruguay%20is%20considered%20to%20be,is%20a%20popular%20tourist%20destination.
Take your point Bozi, the fact that 5 or 6 months into The Strategic Review we announced we were looking at lower cost build options intimates that we needed to attact more suitors as interest wasn't what we hoped for, or at least at a certain price. I think everyone has tempered their aspirations of what an exit price looks like over the last few months. By the companies own admission though, there's lots of interested parties and market sentiment isn't going to remain at decade lows forever, so surely between now and mid November makes for a good time to get this fabulous asset at a competitive price at a great time to take advantage of future demand of Copper, Gold and Silver.
This could change very quickly and at least we've got the big step of the Exploitation Agreement term sheet agreed so I remain hopeful we're closer to the end game than the company can publicise.
C
Spend a few days in any major Ecuadorian city, and it won’t take long to understand why. In the port cities of Guayaquil and Esmeraldas, where the violence is most intense, massacres, targeted assassinations of police and public officials, and car bombs have become weekly occurrences.
In parts of Quito, the capital, shops now close early, and police stop patrolling at night. Across the country, extortion networks are strangling businesses large and small—even in the remote Galapagos Islands.
Ecuador is practically submerged in organised crime
Fernando Villavicencio, centrist presidential candidate
The nation’s per capita murder rate has surpassed that of Mexico and Brazil, with more than 4,800 homicides in the nation of 18mn last year, almost double the rate of the year before and quadruple that of 2018, according to the interior ministry.
Ecuador has the third-highest level of cocaine seizures in the world after Colombia and the United States, according to the United Nations Office on Drugs and Crime's World Drug Report 2022. This means more cocaine, more money, and more weapons flowing through the hands of Ecuador's gangs, including the Lobos.
Over the last three years, the Lobos have played a key role in the breakdown of security in Ecuador, leading the country to have the highest homicide rate increase in Latin America in 2021. The Lobos and their allies have helped bring criminal tactics to Ecuador that the country had rarely seen, including gruesome prison massacres, a normalization in contract killings, the use of car bombs, mass targeting of police, and bodies left hanging from bridges as warnings.
I see the sensitive little lamb has been crying to teacher again.. hahaha weasle