Member Info for Dreamboatwarrior

Might just be a long countdown?

Thanks Chorna

Enjoyed your tweet the other day ….. hopefully not long now

I think Caldwell’s comments were more to indicate that we’re more likely to sell this when we make the numbers add up

Minimum spend for maximum return

Irwin

“I think the previous management team were planning the biggest production possible. When you do this it reduces the number of possible buyers due to the scale and reduces the return on capital. I think a new smarter plan could really unlock the riches at Cascabel.”

Well I’m keeping mine ….. so conversely that must bode well?

Truth is it’ll take as long as it takes but someone will pay for what we have one day ….. if you don’t believe that you might as well pack up because the alternative ( production) is suicide

Hi Add

Will try when I get home

“ Caldwell recasting Cascabel and SolGold

Six months into arguably one of the highest profile junior developer turnaround jobs around, SolGold chief executive Scott Caldwell is brimming with excitement, and not just for the arepas that accompany his morning coffee following his relocation to Quito in Ecuador”

https://www.mining-journal.com/leader-interviews/news/1453333/caldwell-recasting-cascabel-and-solgold

Give it a rest guys ffs

See ya bubble … good luck

Think that’s what we’d all like to see

Https://twitter.com/chornaaa/status/1658532137438441472?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ

The direction of the company hasn’t changed.

We’ve seen hundreds of ups and downs over the years .

It’ll pass

Yep Andy it’s stated as fact this time however they also said

“The Company will publish all the information relating to the financial settlement process including necessary documentation by 16th May 2023”

Can’t believe this is still dragging on

GL Dan

Hi Pete

It’d be nice to put this to bed ….. either way

We’ll get an update …. But what ?

“Copper/gold developer SolGold is evaluating a phased approach to the development of the Cascabel project, in Ecuador, with the aim of reducing upfront capital and shortening the development schedule.

SolGold also deferred the Cascabel definitive feasibility study and the Porvenir preliminary economic assessment, owing to the fluidity of the current capital cost landscape and the ongoing assessment of value-enhancing opportunities.

The company is prioritising capital allocation as part of a reorganisation plan, which also aims to reduce costs and headcount, to preserve financial resources while derisking Cascabel.

“SolGold plans to provide an update as the various value-adding options are evaluated and a clearer picture of the future direction of the studies and timeframes emerges,” it said in its management discussion and analysis accompanying its 2023 third-quarter report.

Regarding the ongoing strategic review, SolGold said that it was continuing to evaluate financing alternatives, including potentially spinning out non-Cascabel assets.

During the second quarter, SolGold completed a $500-million royalty financing with Osisko Gold Royalties in relation to the copper and gold project. The company also successfully raised $36-million by issuing 180 000 new ordinary shares to investors, including Jiangxi Copper. “

Clarity is what we need

Are we getting paid or not?

If so when ….. surely it’s not difficult?

Thanks Pad

All I ask is that the next update is definitive either way

What I don’t want is an update stating how we will get paid but ambiguity as to when ….. please don’t get me wrong i want this to come good but it’s been a very long road and we need a straight answer for once

Https://www.metroecuador.com.ec/noticias/2023/05/12/el-consejo-de-comercio-e-inversiones-ecuador-australia-se-inaugura-con-la-posesion-de-maria-paz-jervis-como-presidenta-del-capitulo-ecuador/?outputType=amp

In Sydney, Australia, the inaugural session of the Ecuador-Australia Trade and Investment Council was held. In this space, the Executive President of the Chamber of Industries and Production (CIP), María Paz Jervis, was sworn in as President of the Ecuadorian Chapter of the Council; and, for the Australia Chapter, Liam Twigger, President of the SOLGOLD company.

María Paz Jervis is a lawyer and professor, has a master's degree in international relations, and diplomas in community law, and violence and gender justice. She is currently president of the National Federation of Chambers of Industries of Ecuador and pro tempore President of the Council of Ibero-American Entrepreneurs. For her part, Laim Twigger has more than 20 years of Experience in investment banking and corporate finance. In addition, he is vice president and CEO of the company “Argonaut”.

The event also included the participation of the Ambassador of Ecuador in Australia, Arturo Cabrera Hidalgo; the Executive Vice President of the CIP, Pablo Jiménez; the President of the Australia – Latin America Business Council, Richard Andrews; and, members of ALABC. The attendees highlighted the importance of strengthening ties between the two countries in sectors such as education, responsible mining, tourism, renewable energy and gender equality in industry and commerce.

At the first meeting of the Council, it was agreed to permanently exchange information on the bilateral trade and investment relationship, as well as information concerning different products of interest to both countries. Likewise, it was agreed to draw up a roadmap to: establish joint activities in the visits that groups of businessmen plan to make to both Ecuador and Australia this year, cooperate in the participation in international fairs and conferences, and organize joint events to promote opportunities investment and trade in both countries.

Aberdeenman …. A close friend of mine (Gary Bruce) sends his regards and wondered if he could meet up to have a quiet word one day ?