Member Info for Dreamboatwarrior

So with all the requisite permissions/licenses in place to produce……what will this be worth???

Seems the plan is to unlock the value then let the auction begin

Https://www.bnamericas.com/en/interviews/ecuador-looking-to-advance-mining-projects-before-govt-ends

“The government of Guillermo Lasso, which ends in October or November, is striving to progress with some mining projects so final decisions can be made by Ecuador’s next president, who will be elected August 20.

According to official information, only around 10% of Ecuador’s territory has been explored, implying significant potential for new discoveries.

BNamericas speaks with the energy and mines minister, Fernando Santos, about the status of some projects and other matters.

Santos says mining, in the future, will replace oil as one of the country’s main exports.

BNamericas: How far will mining processes advance during the remainder of the government?

Santos: We are continuing negotiations with SolGold so it can begin construction of the Cascabel mine.

We are analyzing with them the economic issues and the amount of royalties. According to the law, royalties must be between 5% and 8% of production.

It is believed that Cascabel is one of the largest mines in the world that is not yet in production, so there will be a very strong economic injection for the provinces of Imbabura and Esmeraldas.

BNamericas: Is SolGold planning to build a mineral pipeline?

Santos: That's right. They would take the material through a pipeline, which they will build themselves, to the port of Esmeraldas.

Cascabel is a project that will require an investment of about US$3bn, which we are looking at very carefully.

SolGold has very good relations with the community. It has done very important social and environmental work in the area. We’re very excited that they can move to the production stage.”

Then pick it up and stick it in your pocket….. every little helps

All good thanks SM, just waiting for some kind of a reveal as always

Morning Pad

Apparently new website still a couple of weeks away zzzz

Morning SM ….. surely they’d sound out the Chinese or BHP before doing that

Unfortunately fort ….. you’ll get shot down repeatedly but those who do it simply never give an alternative argument.

Simply criticising seems to be enough these days . Keep fighting the good fight we’ll get there

Not overly important but we were told the new website would be launched towards the end of the month…. Let’s see

Few decent ones after hours ….. buys/sells who knows

Hi Add

Any JV would see us as a minority partner ….. we’d get screwed over and all potential takeout value would be decimated….. after an initial spike the share price would very much resemble CGP’s ….. we concur on this at least

Add a JV at best would provide a small spike in the share price and would be my cue for a quick exit ….. T/O is the only sensible outcome here ….. we are funded for at least a year with the ability to raise further without more dilution so we have plenty of time to put the right deal together. Not that I think we’ll need all that time.

FTJNY….. filter the tool

Without news 16ish to 19 does seem to be the channel

Famous last words

I think the biggest problem here remains the geopolitical instability and obtaining investment protection/guarantees/licenses is paramount

“He also highlighted that Ecuador is a very rich country in copper like Chile and Peru, the two main world producers, and that it requires large investments that the State does not have to build the mines, such as Cascabel (5,000 million dollars) and Llurimagua (7,000 million dollars), both in the northern province of Imbabura.

The two consultations will be voted on Sunday August 20, coinciding with the extraordinary general elections. EFE”

https://www.swissinfo.ch/spa/ecuador-petróleo_el-ministro-de-energía-de-ecuador-ve--un-suicidio--prohibir-explotación-petrolera-y-minera/48624506

This is where the Chinese hold the aces ….. the Ecuadorean government is already massively indebted to them.

“Three mining companies that operate in Ecuador will require installed capacity of around 1,000MW of power when they start production and the country's electricity authorities are looking for ways to meet that demand.

The CEO of state power company Celec, Gonzalo Uquillas, told BNamericas that the energy will be required when the Warintza copper-molybdenum project, the Cascabel copper-gold project and the Cangrejos gold project start up.

The government expects Australian miner SolGold to break ground on its US$3bn Cascabel project next year, while construction of Canadian miner Lumina Gold's US$925mn Cangrejos project would start in 2025.

Warintza, meanwhile, is expected to move from initial exploration to the advanced stage in October, Ricardo Obando, country manager of operator Solaris Resources, said during the CGS 2023 copper and gold symposium in Quito.

The Celec chief executive added that a commercial agreement could be reached with Vancouver-based Solaris to develop an electricity generation project, financed by that company, to meet its needs.

The same model could be used with the other mining companies, he said.”

Thought so …. Thanks Add

Add …… Am I right in thinking

The shares “In treasury “ are a bonus as it means we could technically raise again without further dilution as no new shares would need creating.

Also in the event I’d a bid could these shares be cancelled thus increasing the value of remaining stock?

My own take is that the eventual owner will take up this stock at a premium to the share price as a pre cursor to an initial bid.

As always all we can do is speculate until news is released

Agreed

Agreed you never get the best price if you put a for sale sign in the window

Add …. I think we’re closer than we think lol

Addinct…. I’ve always suspected that the strategic review was a smokescreen but will obviously hold my hands up if proven wrong.

Some have pointed out that this is clearly going to production and the diverse book will render any bid pointless. I’m sure they will also be willing to hold their hands up if and when their argument no longer holds water …… unless ( as I suspect) they’re too busy staring at Uranus

Add ….. it’s clear to me that all avoidable spending has been halted whilst a deal is thrashed out the only questions that remain ( in my personal opinion)

Sell Cascabel or sell the lot?

How long will it take ?

How much will they sell for?

As someone recently told me “one day a press release will drop that leaves no further room for speculation “

Why would we even consider a JV when it would decimate any potential takeover premium.

ATB DBW