Equador28 Feb 2024 23:32
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!
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