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Thanks Roxi good listen
This was also informative….. from about 23/24 minutes re Chinese investment and the troubles they’re having investing in Canadian miners. Fortunately we’re UK registered
https://m.youtube.com/watch?v=rFgx-Izy0VU
Ha Jerry
I think I hit most of them in my way into work this morning
Morning Red
Another late reported 25m just showed up from yesterday
What Ecuador and its mining industry crave is stability.
Hopefully Noboa is going to provide some at last
“According to the latest Cedatos-Gallup polls, 76% of Ecuadorans trust Noboa while 56% say the country is on the right track and 52% consider that under the current government the situation in the country is better. His general approval rating was 81%.”
https://www.bnamericas.com/en/news/ecuadors-noboa-riding-a-wave-of-popular-support
Yep still in …. Let’s see
1984 disagree….. he probably knows more about bottoms than anyone else here …… and will most likely keep a low profile for a while
Another 10m just gone through
Jeez it was reportedly a US fund rebalancing….. should be done now. We’ll probably know tomorrow
Fort …. Indeed
Then flushed hopefully
Red we may get assays from surface but not sure we’re drilling anywhere
Lol Add I think we just have to ignore the noise
“BNamericas: How excited is the mining sector about the granting of the environmental license for Curipamba? Is it seen as conducive to pave the way for others?
Yépez: With the approval of the Curipamba environmental license, it’s evident that exploration projects can reach the production phase in Ecuador.
As a country, we have to demonstrate that it’s feasible to invest in Ecuador, also with the corresponding approvals for La Plata and Loma Larga.
With these three projects we can talk about a new era of mining in Ecuador, in which other projects such as Cascabel and Cangrejos will follow, among others that are in the pipeline”
https://www.bnamericas.com/en/interviews/what-ecuadors-mining-industry-expects-from-pdac
Morning Kat …… someone agrees with you
Elliott Management to invest >1bn in mining
· Elliott, the giant US activist fund that enjoys making governments pay up on their debt, has announced it plans to invest >$1bn in mining assets (FT)
· The group, which is perhaps best known for holding Argentina’s feet to the fire, is looking for under-financed mines to invest in.
· The strategy reminds us of the development of Xstrata which hoovered up under-capitalised and under-valued mid-tier assets with the backing of Glencore.
· The new venture called Hyperion, will be led by Sandeep Biswas who was formerly CEO of Newcrest Mining.
· Hyperion can buy into most of the sector including EV metals, base metals and precious metals.
· The investment strategy ranges from taking stakes in existing companies to acquiring single mines and full corporate takeovers.
· The group might also co-invest on larger transactions.
· We see this move and other new interest as marking the bottom of the current downturn in the mining sector.
Shopping list for Elliott
SolGold* for its Cascabel project
Sovereign Metals* world-class Kasiya rutile and graphite project
Savannah* lithium project in Portugal
Atlantic Lithium* - lithium mine in Ghana
Cornish Metals*+ - restart of South Crofty tin mine in Cornwall.
Hi Fort I think an off take agreement with a finite term would be preferable to Royalty but it could go in a completely different direction. As someone mentioned earlier a deal for say Porvenir could put all funding issues to bed for the foreseeable.
I’ve always thought this will be sold and still believe that, some say production the only way forward. Both take time and clearly neither have happened to date .
Some reaction to today’s release
“Looking Ahead: SolGold's Strategic Path
The appointments of Mr. Jian (John) Liu and Mr. Charles Joseland to SolGold's Board of Directors mark a significant milestone in the company's journey. By leveraging the vast experience and fresh perspectives of its newly expanded board, SolGold is well-positioned to navigate the challenges and opportunities that lie ahead in the competitive mining sector.
As the company continues to grow, the strategic guidance and governance provided by its board will be crucial in shaping SolGold's future. Stakeholders and investors alike may anticipate a period of strengthened leadership and strategic direction, potentially leading to enhanced value creation and sustainable growth in the years to come”
Indeed Roxi
Excellent news
Afternoon BBG
It’s fairly simple now,as someone said to me this morning
It’s public knowledge that 5 mining groups have a stake in Cascabel: Jiangxi, BHP, Newmont, Franco and Osisko.
I can’t think of any other junior mining company with so many groups positioned.
So those that don’t have the patience - can sell up and move on
Nuff said
1984 …. Problem is if and when there is a real positive shift in momentum you won’t see them for dust .
HFH
I agree re the next week or so ….. be good to put the need for dilutive funding behind us for once and for all .