Member Info for m_wall

Having said that, the UK's bureaucracies and legal system is really making things difficult for its multinational companies. I'm sure the Russians and the USA are having a good laugh at our expense.

It'll be overturned. Business is business.

Visited the site and am really impressed with the work done so far and the sheer scale of the operation. They're going to actually make a go of this. i was highly sceptical at first with the financial burdens ahead, but I'm going to put my money where my mouth is.

What's going on now with the SP is the usual parlour games and fear and loathing. With a share like this, and London being CC, this is all par for the course.

Things are cyclic, as is everything in nature. Prices are no different. Regarding articles, a lot are tied in with agendas, bias and "shaping perception." That's the trouble with human nature. Truth is very hard to get to the bottom of where human beings are concerned.

I don't disagree with what you're saying. I'm sorely tempted to get back into this share, which I had been in since 2015, but the main problem is country-risk and the upside-down nature of the world currently. Now, the killings and civil strife have occurred in the north of Mali, away from Kodal's operation, which is not that far from that nation's capital, so with a bit of luck for investors here, things can keep chugging along without major problems. The Board has really got to work miracles though.

A decent enough summary. In situations like this involving country risk, I wouldn't frown upon people who hedge, especially those who got in for 2 or 3p and involves big sums of money. You've got to protect your capital.

Churning can be profitable, but you're not going to win them all, as I'm sure you know. ;-)

When you have the the world's reserve currency and the most powerful economy with an advanced financial system and bond markets, you have to protect the sea lanes and the world economy from various threats. The British did it during the empire days, the USA has done it since world war 2 with their massive military machine. For how much longer, who can say, as the world is becoming more multi-polar. So, there will come a time when the USA won't be policing certain parts of the world that's outside their spheres of interest. The Chinese and Indians and other nations will have to guarantee the unimpeded flow of oil tankers and suchlike to their ports.

The company has done very well so far. And the timing couldn't be better. After a successful relisting, this share could begin to go through the roof IF the gold price breaches $2,000/Troy Ounce, which is possible in 2020/21. Could be wrong, but I'm expecting gold to hit $4000+ within 5 years when confidence in governments plummets and currencies go into free-fall (with the expected inflation).

My 'understanding' is that the government wants this resolved very quickly, and it will be resolved very quickly. They desperately need the IMF/world bank assistance, and the 'court' will be reminded of this.

Naturally, you're free to trade in a manner according to your thought patterns. Done quite well so far for you, if what you're saying is true.

Bought into this from the beginning at 10p, held onto the low at 1.5p, bought more to average down to 7p and now can leave with a slight profit. Much appreciated. Kudos to Donald Trump, human nature and all you lovely punters.

Hard to believe this is back down to the levels I bought in at in 2015 or whenever it was.

I remember when the SP hit nearly half a penny (2017?). If only I'd sold then...

Oh well, I made £65 in the sale today. When you factor in the fall of the £ after Brexit in 2016, then I actually made a loss.

Traders, MMs and sharks generally look for weakness and rely on human nature and fear to do the rest. One thing plays on another and you get price actions like today. Conversely, it happens on the other side, when a company becomes the target for a takeover.

You hope it won't happen, but not really surprised market makers & Co have dropped the SP in this feeding frenzy era -- this is London after all -- but it would be criminal not to buy another load. Must learn not to have dental appointments in the mornings.

The IMF/World bank loans, some $10 billion+, are tied to opening up Ecuador's commodities and minerals. The President of Ecuador knows that. They're already a big exporter of crude oil. Copper is going to be in big demand in the future.

Yep, you're right. One thing I noticed about Ecuador is that, like in most countries, there is a north/south divide. Giron is in the south of the country, and far more conservative and aware of their native roots. If the north makes a success of mining and the revenue that comes from it, then the south is going to be left out in the cold. Another thing I didn't know about Ecuador when I visited is that the exploitation of oil plays a big role in their source of foreign income.

Ecuador's debt grew substantially under former Leftist President Correa and thanks to him the nation has a large fiscal deficit and a burdensome external debt. Current Leader Moreno is making more market-friendly noises, so that the country can receive about $10 billion in financing deal/loans from the IMF and World Bank. The country needs revenue, and opening it up to mining is the only way forward.

Don't be swayed by people's comments on here, including mine. As a multimillionaire yank once told me: nobody knows nuthin'.

TechMet has made an equity investment and signed a binding agreement to create a Joint Venture to develop a processing plant, so if the company is as poor as you say it is then they're clearly throwing good money after bad.

They've made their money on the downswing, so the upswing must start.

If the Chinese do weaponize rare-earth exports, and the trade war goes up a few more notches, then this SP will go a lot higher, just on sentiment alone and the fact that there aren't many going concerns for Rare earths outside of the Chinese sphere of influence. That's human nature for you.