The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
From the stuff I have read around politics in Ecuador it seems that the proportional representation system has proved a problem for many Presidents over recent years (including Moreno) hence the frequent use of Presidential Decree’s to cut through political impasses to get legislation enacted so guessing this will be how Lasso gets his policies through?
On balance the best result all round and hopefully as an Ex banker he will see the benefit of a strong economy supported by the wealth created from Ecuador’s natural resources including mining which could and should help to pay off their debts
On May 24, we will assume with responsibility the challenge of changing the homeland and changing the opportunities and prosperity that we all long for all of Ecuador," Lasso mentioned regarding the day the Government will take office in the National Assembly that will be installed ten days before. .
Lasso referred to rights. “We are going to defend the rights of Ecuadorian women, which are human rights. We are going to worry about the rights of labor equality with men, in terms of employment and remuneration, "he said.
“I want to address pregnant teenagers, who have had children and are caring for children. María de Lourdes (his wife) and I are going to be their parents, we are going to take care of them, ”he added
“Listen to me well the minority groups of GLBTI (gay, lesbian, bisexual, transsexual, transvestite and intersex), I will fulfill my commitment to protect them to avoid being stigmatized, singled out, for their way of seeing life. You have my commitment that we will comply with all of you, "he commented.
Regarding his first measures, he reiterated his desire to close the Ministry of Higher Education, Science, Technology and Innovation (Senescyt). “Friends, we are going to close the Senescyt. We are going to respect the right that a young person has to study at the university what he wants, not what the Government wants ”.
He announced that he will work from Monday on the vaccination plan against the coronavirus in the country together with the vice president-elect, Alfredo Borrero, a doctor by profession.
“Today we are going to be able to sleep in peace and calm. I don't come up with a list of who to hunt down and see in jail. I want them not to be afraid of the Government and to disagree with the President of the Republic, ”Lasso said.
.
The company is optimistic that the revised mine plan currently being studied as part of the PFS process could deliver similar metal production while mining significantly less material. This could result in potentially significant cost savings. The crushing, processing and waste storage requirements are also expected to be reduced accordingly as would, in this potential scenario, the upfront capex associated with these installations.
Anticipated benefits of the revised approach being studied include lower expected execution risks, lower expected pre-production capital and significantly reduced time to first potential production.
Having read the latest RNS I’m more confident than ever that the recent changes both in the board and the Alpala mine design will reap all shareholders a very handsome return on our investment! GLA
Looking back at the last 4 years (apart from 2019) there is a clear trend upwards from around 6th April usually till around the middle of May with the SP moving upwards typically by around 3 to 6p during this period. Personally I think pre Apr 6th some investors were taking the opportunity to sell and post a loss on their tax return hence the downward momentum in the share price and now we are seeing investors buying at these bargain prices for their ISA’s in the new tax year. Plus those investors who sold in March / early April will be waiting 30 days before buying back in which may help to explain why there is normally a sustained spike in the SP usually until the middle of May. Just my opinion but apart from 2019 there does seem to be a recurring trend as I have outlined.
Both candidates appear to be pro mining but on balance Arauz is probably more so especially given his backing from the previous president Correra who was very pro mining and got mining off the ground in Ecuador so his protege is likely to follow a similar strategy which would be very good for Solgold
seem odd given the very positive RNS earlier this week especially the assay results from Pov which seem to get better with every drill hole! Looking forward to assay results from holes 8 to 11 which are complete so hopefully not long to wait! Against this positive backdrop can only assume investors are selling so they can post a loss for their 20/21 tax return which hopefully means stronger buying post 5th April? Everything I read about Solg makes me more confident than ever about my investment especially with the new board and eventually CEO in place and the strategy around jv’s and the long awaited Alpala PFS later this year. Have a good feeling that finally and not before time 2021 / 22 will see us reap the rewards of our faith in Solg! GLA
With less than two weeks left until the second round of Ecuador’s presidential elections, the left has victory in sight, according to recent polls.
Leftist economist Andres Arauz is the favorite to win the country's presidential runoff scheduled for April 11 with 37.87% of voter support ahead of conservative banker Guillermo Lasso, who has 30.19%, according to the most recent survey conducted by polling firm Perfiles de Opinion.
Hold on a min Bazzer, NM hasn’t left the building yet (31st March he officially leaves the CEO chair) so a bit premature in your statement but on the flip side personally I have never thought we would get a bounce once NM has departed. Guessing only time will tell ! GLA to all Solgers :)
Thanks RK and Good to know you are very positive about the long term upside for Solg!
In your discussions did you touch on the current disappointing SP and if so was there a view as to where Solg see true value being reflected in the SP going forward?
Many thanks for all your efforts RK and for sharing with everyone. On a scale of 1 to 10 ( 1 being negative and10 being uber positive) how would you rate your gut feeling about your investment in Solg after your call?
The electoral campaign to choose the presidential formula in the elections begins tomorrow, March 16, 2021 and will last for 23 days, once the Contentious Electoral Court (TCE) denied a claim by Pachakutik to open the polls. In this way, it was confirmed that the two finalist candidates , Andrés Arauz (Unes) and Guillermo Lasso (Creo-PSC), go on to the second round, which will take place in four weeks, on April 11. The TCE determined that Pérez's claim for the counting of votes in 27,000 ballot boxes had no legal basis. Thus he confirmed the presidential results proclaimed by the National Electoral Council (CNE) on February 27. The sentence is of last resort and, therefore, cannot be appealed, although Pachakutik may request a clarification or extension that will not change the content of the resolution.
Este contenido ha sido publicado originalmente por Diario EL COMERCIO en la siguiente dirección:
https://t4oppd2twvg2nin5jzrmmckqz4--www-elcomercio-com.translate.goog/actualidad/elecciones-candidatos-lasso-arauz-comicios.html. Si está pensando en hacer uso del mismo, por favor, cite la fuente y haga un enlace hacia la nota original de donde usted ha tomado este contenido. ElComercio.com
The electoral campaign to choose the presidential formula in the elections begins tomorrow, March 16, 2021 and will last for 23 days, once the Contentious Electoral Court (TCE) denied a claim by Pachakutik to open the polls. In this way, it was confirmed that the two finalist candidates , Andrés Arauz (Unes) and Guillermo Lasso (Creo-PSC), go on to the second round, which will take place in four weeks, on April 11. The TCE determined that Pérez's claim for the counting of votes in 27,000 ballot boxes had no legal basis. Thus he confirmed the presidential results proclaimed by the National Electoral Council (CNE) on February 27. The sentence is of last resort and, therefore, cannot be appealed, although Pachakutik may request a clarification or extension that will not change the content of the resolution.
Este contenido ha sido publicado originalmente por Diario EL COMERCIO en la siguiente dirección:
https://t4oppd2twvg2nin5jzrmmckqz4--www-elcomercio-com.translate.goog/actualidad/elecciones-candidatos-lasso-arauz-comicios.html. Si está pensando en hacer uso del mismo, por favor, cite la fuente y haga un enlace hacia la nota original de donde usted ha tomado este contenido. ElComercio.com
For even more balance for every sell there is a buy ( and vice versa) So someone with deep pockets wanted 2.75m Solg shares. Now who can you think of with very deep pockets who might want more equity in Solg? Ummm now let’s think about this for a minute! Do you know I really fancy a Chinese tonight! Yum yum :) :)