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DBW, Ecuador is ranked 65th in the league table of global murder rates. If you look at the countries ranking above them you'll note that many are nations which have attracted significant investment for mining, especially from China.
'84 , In my original post I said they were OB. I was wondering if there was a different type of OB, but it seems not.
As far as my understanding is concerned these trades were off-market negotiated between two parties, just like all of the recent large trades we've seen. The really interesting question is who are the two parties?
There's a wonderful irony here. When Julian Assange first took refuge in the Ecuadorian embassy in London, their then Ambassador said something about the possibility of the Met storming the property and how it would contravene diplomatic protocol. Of course, the police had no intention of doing any such thing.
Anyway Gino, I'm sure one of them will use it as proof the end is nigh.
Eloro , you've summarized the issue well. If this were an operating company producing revenue, profits and dividends, I'd agree with you about the sp reflecting, in part, the CEO's performance ( although there are numerous cases of a company's sp being on the floor despite the CEO doing a great job). However we are not an operating company and the sp is absolutely no measure of the value of our business.
SC is in the process of turning what we're sitting on into a saleable proposition and, due to the immense complexity of the situation, this is taking a long time. In this respect is it any different to any other explorer? No. Mining is a very long term game, and people who aren't able to accept the timelines really shouldn't invest in the sector.
Could NM have done a better job? Not in my opinion. He's never given the impression of being able to deliver the real nitty gritty detailed stuff that will lead to us being able to truly achieve shareholder value.
P.s. Advice. Stop talking to your wife about it. Change the subject and talk about the garden, or something.
SM, absolutely right. Although the company has previously muttered things about a DFS being a quick step from the PFS, I've never really felt there was any conviction behind the statement. In fact, I don't recall seeing anything about this in more recent comms - although I may have missed it.
Of the various value enhancing building blocks which have been mentioned, the DFS isn't one of them and how you can raise $1.5bn without one, is difficult to understand.