Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Candidate Running mate Party Votes %
Luisa González Andrés Arauz Citizen Revolution Movement 3,250,308 33.49
Daniel Noboa Verónica Abad Rojas National Democratic Action 2,277,954 23.47
Christian Zurita Andrea González Náder Movimiento Construye 1,601,476 16.50
Jan Topić Diana Jácome Silva Por Un País Sin Miedo 1,424,756 14.68
Otto Sonnenholzner Erika Paredes Sánchez Actuemos 682,350 7.03
Yaku Pérez Nory Pinela Morán Claro Que Se Puede 385,397 3.97
Xavier Hervas Luz Marina Vega Conejo RETO Movement 47,699 0.49
Bolívar Armijos Linda Romero Espinoza AMIGO Movement 35,016 0.36
Total 9,704,956 100.00
Registered voters/turnout 12,575,205 –
Source: CNE (97.62 % counted)
The Presidential Election from Luminex to its shareholders which IMO has lots of positives for Solgold shareholders:-
The Ecuador presidential snap election occurred on Sunday August 20th. The winner will be in power until the next president is elected in the regularly scheduled election in H1 2025. The results from yesterday should allow for the continuation of support for responsible mining in the country. Luisa Gonzalez (UNES - Correa's party, 45 years old) finished in first place at 33%, with runner-up Daniel Noboa (ADN - 35 years old, centrist, business-aligned) at 24%. Both will advance to a run-off election to determine the next President on October 15, 2023.
Gonzalez has polled strong the whole campaign and was always going to be a front runner. The Correista party can usually count on ~30-35% of the vote.
Noboa surged in the last week, following a positive performance in the debate. Pundits believe his pragmatic non-populist message resonated very strongly with Ecuador's large under-35 voting populace, who are sick of hearing about the past (Correa and anti-Correa) and embraced his optimistic entrepreneurial vision that stressed the need for training people for future opportunities.
The single issue candidates (Jan Topic - security and Yaku Perez - environment/anti mining) underperformed. Topic will probably be back for the 2025 elections, especially if public safety remains an issue, and could even have a role to play in Noboa's cabinet. Yaku Perez will likely have a very hard time recovering from this election, as will the indigenous political party Pachakutik, which it appears will go from having about ~20% of Assembly seats to around 4%.
Both candidates can be expected to be supportive of mining. Gonzalez can be counted on to have the same position on large scale mining as her party boss Rafael Correa; it is a strategic pillar of the country's future development. Noboa has said that he supports responsible mining, but stressed that it is key for the State to modify how state revenues are distributed in order that the local populations can feel that the activity benefits them directly. The Noboa family have a direct stake in the development of the Curipamba mine through an investment in Adventus Mining -- the Consorcio Nobis have a seat on Adventus's board of directors.
The Assembly: with 38% of national ballots counted, it appears the Correistas will again be the main legislative force, with about 50 of 137 seats. Four center-right alliances will combine for about 45% of the chamber: 28 (Zurita/Construye), 12 (Noboa/ADN), 14 (Topic/PSC), and 7 (Sonnenholzner/Actuemos). The Indigenous party, Pachakutik is forecast to drop from almost a 20% representation to five seats. This bodes well for preventing any populist legislation, however the prospects for positive reforms are mixed. The parties will likely be jockeying for the 2025 elections from day one.
FFS!!! Will you lot stop e££ing spouting on and on about the Climate and talk about the purpose of this board which is Solgold! The last few days have been a total sh£t show as far as Solg related posts are concerned!
I see your true colours are out there for all to read this morning Bozi! Negative Negative Negative De-ramping at its very best and even managing to tag team with Tesla the De-ramping non- investor! You really make the perfect couple and are welcome to each other if the constant negativity you post about Solg floats your boats!
I leave the likes of Fort,Red,Add,DG and other posters to play the ball, but when I see posters like you Bozi being unduly negative I play the man and if my tackle is a bit harsh then it's probably deserved! It's good this footie analogy stuff :)
Oh the irony of it Bozi. All from a poster who in the past has been sooooooo negative about Solg. The epitome of a “glass half full person” if ever I saw one! One of those people in life who sucks all the positivity out a room. So pardon me if I don’t take anything you have to say on the subject of Solg with any seriousness or credibility!
Oops sorry everyone didn’t intend to post my last reply to the resident troll. Think he must be exhausted after all his efforts to de-ramp Solg today! I mean who in their right mind would spend most of their day posting comments about a stock they don’t even own a single share in? A rhetorical question of course as the answer is as clear as day! Sad but true and he really should be banned by LSE for his disruptive posts