Member Info for highflyigman

NALs comments on a rumor definitely seem to have legs as someone I look to for advice has confirmed as much and heard the same ( not Australia), even the name of the suitor but still just gossip at this stage. They wouldn't disclose any more but sounds like talks are very advanced. Keep the faith... tick tock.

NAL - Scott is an experienced CEO of a listed company and he knows the rules of engagement as such. He cannot lie to the markets about NDAs being signed, besides he wouldn't risk his reputation at this stage of his career, he has nothingto prove. Sometimes as an investor NAL, you need to join the dots... besides the asset speaks for itself.

HFM.

Completely with all your points add, the election has doubtless delayed things too as there is simply no need for a suitor to move whilst there is associated political risk. My interpretation is that once Perez is out of the running, none of the other political candidates would object to Cascabel being pushed though the remaining permits and into production. Solg management have screwed a fair few things up over the years, but they have done a great job with their ESG programme and winning over the local communities who stand to benefit greatly from Caascabel going to production. Once Perez is out of the way, we're game on, however with multiple parties interested no individual suitor will be in a rush as they know once the first bid lands, they too will either need to enter the bidding or stand back and let the opportunity to purchase this fantastic asset pass them by.

Don't get sucked in by some of the muppets on here preaching doom and gloom as this asset will be kicking out commodities the planet needs for multiple economic cycles and any suitor knows this. Its just a Shame for us we didn't have this strategic review under way years ago when there were far fewer shares and we could have walked away with a better price as '82 has mentioned below.

Keep the faith all. HFM.

I think a Gonzalez / Topic run off will be fine for us, clear winner of these two even better. Removes the uncertainty of the environmentalists screwing thing up for us. Fingers crossed 🤞 . C

Updated polling: https://www.as-coa.org/articles/poll-tracker-ecuadors-2023-presidential-election

main takeaway from a SOLG investors point of view is Perez seems to be loosing ground... but anything is possible.

The resource trade is getting spanked today. Suitors know they are entering the sweet spot now.

Agree with you on the post election comment BBG, last poll from the 5th has Louisa González on 30.5% with 23% Undecided so I'm hopeful she gets over 40% and +10 ahead of the chasing pack. The election is then put to bed and any potential bidder knows who they are dealing with and we're under starters orders......I hope! And let's hope Yaku fails away or things turn to poo!

The current sp is madness, we're up for sale, funded, FTA signed with the Chinese where at least 2 potential suitors eminate from, copper supply looking very tight only 18 months away with demand set to rise for years to come, Gold at a strong price with central banks like China and Singapore continuing to accumulate.... the list goes on and on. Granted infalatuon is high but thats likely to drop back soon enough. Yes, the current SP is madness but I think it's just the markets ATM and I don't belive the sp is being played, but that 0.5% is an interesting one given its origin!!!! Well, regardless I'm not selling as I too think this will all correct soon enough as there's too many factors in favour.

Anyone heard from Slug recently? He was on about some restructuring to be announced next and he never elaborated?

Keep the faith all. C

@lostagain...

I'm no expert on Ecuador politics but if Luisa González gets in, this wouldn't be bad news for any of the Chinese suitors put it that way. This article gives us a decent overview of her credentials and mentions her support for Chinese overseas policy;

https://nationalinterest.org/blog/luisa-gonz%C3%A1lez-would-be-disaster-us-ecuador-relations-206629

I'm not unduly worried about the elections ATM, so long as Yaku Perez doesn't get in I think we will be fine. I think our best result would be for Luisa to over 40% of the vote and win by +10% and she's over the line with no further voting required. With the FTA having been signed with China and Mirador being successfully built and run by the Chinese, any Chinese suitor would become out and out front runners to bid for Cascabel or any other transaction. All IMHO and welcome the thoughts of others. C

'The president is elected using a modified two-round system, with a candidate required to get over 50% of the vote, or get over 40% of the vote and be 10% ahead of their nearest rival to be elected in the first round'

If Louiza stretches her lead and the remaining pack remain tight less than 15% of the vote, then this could be called on the 20th.

Wikipedia seems to be the only place I can find for more uo to date polling. Louisa Gonzalez seems to be opening out her lead then a pack polling between 7 to 10 %. Yaka currently in that pack 3rd or 4th. If someone will wins by +10% margin, don't we get this concluded on the 20th?

Morning all!

https://en.wikipedia.org/wiki/2023_Ecuadorian_general_election

Take your point Bozi, the fact that 5 or 6 months into The Strategic Review we announced we were looking at lower cost build options intimates that we needed to attact more suitors as interest wasn't what we hoped for, or at least at a certain price. I think everyone has tempered their aspirations of what an exit price looks like over the last few months. By the companies own admission though, there's lots of interested parties and market sentiment isn't going to remain at decade lows forever, so surely between now and mid November makes for a good time to get this fabulous asset at a competitive price at a great time to take advantage of future demand of Copper, Gold and Silver.

This could change very quickly and at least we've got the big step of the Exploitation Agreement term sheet agreed so I remain hopeful we're closer to the end game than the company can publicise.

C

FYI, although WI is undoubtedly close to those currently running SolGold and Maxit who are running our sale and his words are helpful in maybe reading between the lines of what the company cannot say as we are a listed company, I do not invest based solely on his comments. That would be very stupid indeed.

One last time, what is it specifically that the company have said that makes you believe we are taking this to production with the Capex required to build one of the worlds largest mines against a particularly unhelpful macro economic climate?

Surely you must be thinking JV? If so, what's your opinion on the impact on shareholder value?

Love to hear?

C

Let's just stick to debating the topic in hand copperpot, we're not 7.

Just out of interest, specifically why don't you see a sale and what do you see as the outcome here, and please not just conjecture, backup your thesis with evidence?

... and my question is well meaning as I'm not daft enough to think my assumptions are correct and welcome the thoughts of all. C

Again..... we are 'mine finders not mine builders'.

Not sure how many times this needs to be stated for everyone to see the wood from the trees. WI recently confirmed as much too in recent tweets... 'It's sale time', and 'I see a sale..... all investors need an exit'

For those who see a sale, where's everyone's heads at in terms of timelines? The way I see it, once Yaku Perez is out of the running for Pres, risk of political interference with the progression of Cascabel is reduced even further, as with a strong Exploitation Agreement signed, we should be in bid territory. For me the sweet spot for a bid if Yaku's out of the running is 20th August onwards through to the end of mid November.

All IMHO, thoughts?

Hope you're all on good form. C

Would be good to get an updated version of this if anyone in country has any updates...

https://www.as-coa.org/articles/poll-tracker-ecuadors-2023-presidential-election

'We're mine finders not mine builders'.

Scott has only said that about 300 times now Quady. This is getting sold, end of. C

WI already made it clear a few weeks ago that his comments in this video weren't related to SolGold and the Chinese have no restrictions in terms of being able to pursue Solg, or any asset thereof. C

What form do you think the restructure takes Slug? Pulling out of the core sale assets??? Surely that would require approval from us shareholders?

Should see a bounce back towards 17p today after China announces support for its economy, and specifically the property sector...

https://www.cnbc.com/2023/07/25/asia-markets.html

Luisa González polling well resulting in Fitch lowering their political risk index.

https://www.fitchsolutions.com/country-risk/ecuador-gets-closer-august-election-correistas-are-leading-polls-11-07-2023

Useful poll tracker...

https://www.as-coa.org/articles/poll-tracker-ecuadors-2023-presidential-election

@KS, given they're trying to sell the thing in one way shape or form, 'on track' is good enough for me given where we are. I hope you mean Man. Utd, great club and my boy and I go whoever we can... even did in Ole times which was painful! On the way back now and nice to see Ten Hag has us on the right track. Some of the players were off the rails a couple of years ago, heard some very worrying stories from my mates driver who used to do a lot of work with some of the utd players but I think this crop are far more professional. Bring on the new season for sure, but still reckon we'll all be chasing City again.

Keep you're finger on the pulse KS!

100% ks, has your contact given any indication of how close we are though, or are we still at the 'lots of interested parties' stage like scott said?

... wish this rain would do one so we can finish off tanning the aussies ****s at old trafford. atb, c