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Still not sure what the 6 investment deals were for but the attached does state he met with Barrick executives so maybe a clue there?
https://www.primicias.ec/noticias/economia/noboa-mineria-canada-feria-catastro-inversion/
1 Why was the RNS released today?
2 Why have Scott and Chris flown in to Toronto?
3 Why has the President of Ecuador flown to Toronto?
When none of them are presenting who could they possibly be meeting? Maybe they have heard there's nice cream teas lol.
All will be revealed soooon. Just my opinion 😉
Matters good call. Better times ahead..and soon!
So Noboa and a strong Ecuadorian delegation in Canada with Scott and Chris leading the SOLG team and various meetings arranged with majors over the next few days to progress Cascabel. I would suggest that if it's going to happen it going to happen now. My money is where its always been, with the Chinese. I don't think they'll get it without a lot of competition therefore I don't think they'll get it cheap, but they have deeper pockets than anyone. Hold for gold (and copper..and silver).
Red i said a while back there were high level meetings planned and they dont get much higherr! It's not so much Scott meeting Noboa in Canada next week, it's what potential partners are going to be in the meetings with them.
If people had listened to Scott's last interview you would have heard that there are no technical issues from potential partners at Cascabel and that the major concern for all potential partners was the current unrest, fueled as we know from gang violence and led by two Mexican cartels (worth noting they are spreading their evil as far as Australia and New Zealand so Equador by no means unique). But, the unrest has NOT affected Cascabel as its city oriented, especially port cities where they export drugs from Peru and Colombia. Since the government labeled these gangs terrorist organisations Noboas approval rating has risen to 79% and the armed forces to 95%. The government have put 32,000 soldiers on the streets and many gang members have been killed and well over 7,000 people have been arrested. Many areas have seen crime 'fall off a cliff'. My concern is how the government would be able to fund this going forward but I note today they increased VAT to 15% which raises an additional $1.3bn pa, so I see no reason why they can't succeed in their mission. So IF SOLG and the government can relay the facts, there should be no reason offers will not be forthcoming for Cascabel. I also note the Arab Emirates are signing a trade agreement with Equador so its certainly open for business. Yes there's risk but no greater than than Africa with corruption and child exploitation or Greenland or other South American countries, in my opinion anyway. People can insult each other, be positive or negative, provide factual or disinformation, it matters not to me. In my opinion (and that's all it is) SOLG is SUBSTANTIALLY undervalued with the assets it had. I'll hold until they monetise it, however long it takes. Good luck to genuine holders!
2 interesting appointments and a real coincidence made just ahead of the high level investment meetings next week. Everything about to become very clear.
Gazza he's so far underwater with his Australian investments he should be called needalife jacket. Anyway, nice of you and Paddy to post as at least I had something to read on this board.
I think you have timed your entry brilliantly as I believe some very positive news is coming in the next few days, although having re-entered myself under 8p of late I better leave it there as we're not allowed to post..well according to need a life jacket lol.
1984 it's still my belief that meetings are arranged within the next fortnight to discuss selling assets to various parties. Hopefully we'll soon know the outcome. Fingers crossed!
BBG thanks for the clarification. I'm now pretty sure they will be as someone who spoke to SC stated to me 'meetings have been arranged at the highest level with interested parties'. Let's see what comes out of it.
BBG can you speak to him again as irs my understanding some top level meetings have been arranged during the conference. Thx.
NMM maybe it's for some investor meetings which i think they have planned at PDAC 3rd-6th March?
I'm very encouraged, looks a presentation to sell the company not just Cascabel.
1984 most have already filtered him and perhaps if you did the same we could all get back to discussing the prospects of the company, which in my opinion, with the strategic review nearing completion is very promising, as the review will lead to either a JV, a sale of Cascabel or a sale of the company. Its my understanding there's very high level meetings planned with multiple entities at the Canadian conference at the beginning of next month and I'm very hopeful there will be a successful outcome for holders. Obviously your choice whether to continue the bickering.
Although a few months old, Scott stated the technical report would be released in parallel with the revised PFS.
https://youtu.be/prjh454RtxE?si=oiulhjZSCFcDXA6L
SOLG ended 17.3% up on the Canadian market so hopefully that bodes well for tomorrow.
Dreamboat it's my understanding that they are in a closed period also. To reiterate, I believe multiple entities were waiting for the revised PFS numbers before deciding whether to proceed, and with very favourable numbers I'm confident they'll begin the bidding process. I think we're talking days or weeks rather than months before we hear. It's possible we'll hear about JV announcements aside from Cascabel in parallel, although that's just my personal opinion. All in all, a very exciting time!
I think another major plus is deciding not to use rail to get the concentrate to port, or to bury a pipeline alongside the existing railway line. Capex will be greatly reduced making the business case even more compelling.
So why is the SP rising? I would assume they've heard the same message as I have, and that's multiple entities were waiting for the revised PFS before making an offer for Casabel (or indeed the company), that will conclude the Strategic review. News coming soon in my opinion. Exciting times ahead.