Member Info for Magoo79

thankfully i sold most of my shares when they pumped over 20p. Still kept a decent amount in the hope of a resolution in india but the value of my holding is eroded by the day. We could really do with a bullish update..

great opportunity to average down and ignore the pointless chat on this page.
See you at the takeover party in Beijing

Like everybody here I am frustrated by the prolonged silence and the slow SP decline but it's clear that we hold extremely important assets and that the Lasso government is very keen to see them contribute to the national economy.
This article was published last week, apologies if someone had posted it already..
https://www.bnamericas.com/en/news/ecuador-expects-us3bn-construction-of-2-mines-to-kick-off-next-year

"Ecuador expects pre-construction works to begin at the Cascabel and Curipamba mining projects by the end of the year, and construction to kick off in 2024, energy and mines minister Fernando Santos told BNamericas.

“There's very encouraging news. We're negotiating the move to the production stage of both Cascabel and Curipamba, which will begin construction of their mines next year," Santos said."

That's the minister of energy and mining talking. They can't afford to see this project to fail.

it is really beyond me. Hundreds of posts by the same 4-5 guys who repeat the same stuff over and over and over. Don't you have a job or a hobby? Sometimes we go months without an update from the company yet someone seems to feel the urge of filling the silence with some useless post at 4:34 in the morning, starting a pointless argument that lasts 3 days. Chill out. Buy some more and wait. It won't be long now

@velo sorry but I don't understand why there should be a retrace this week. Are your predictions based on TA?
There's good support around £1 and then there's a diagonal line that should provide support around 97 or so. If it really dips i'll buy as much as I can

too many brand new profiles created only to disrupt the discussion. Please do not engage with them. Filter them and report them

First the disappointing bits: too long of a wait to get this update, still not a lot of clarity about liabilities and finance, low production and unclear path to increase it. But I think most is already priced in.
The good bits: Robbie putting a lot more skin in the game, Philoro discussion hopefully being sorted soon, experienced chairman, acknowledgment that corporate stuff and communication need improving, lots of gold to be extracted.

I've invested quite a bit in this company and I am now incredibly annoyed at the management. They messed up several times their communication, they mislead us on the funding, they are keeping us on the dark on what is going on. Are we producing? how much? is there any cash left? what happened to the philoro funding? No surprise the market is tearing this to bits. There's no f. conspiracy no there are games played by MM, it's just investors selling in panic. I am still holding as I hope it will eventually turn around, but the management is a joke

solid presentation yesterday by Eric.
We should see two resources upgrades at WK in the next month or two, the first already next week. And Singida is on track to start producing in March. From a cash perspective, we do have some debt accumulated because of lower production and Singida costs but from Q2 we should be recovering very rapidly. There's also the added bonus of the VAT situation. The government is now paying in full all the current VAT due, while they are negotiating the historical VAT at the "most senior level". I bet we'll soon see some agreement between Shanta and the minister in charge. Even 50% of that would be $10 +.
Bright future ahead. I am adding more if we dip again around 10p

MB tweeted from India this morning, hinting at a positive 2023 for Panthera. Let's hope negotiations over there are going well..

deafening silence from the company at the moment. Let's hope discussions in India bring something good in the coming weeks...

some people here and in the telegram chat are so childish and gullible. Always looking for some conspiracy that is preventing them from becoming rich. The stock goes down because of shorters, derampers, weird coincidence, when things are so much simpler. Investors lost confidence thanks to several **** ups and promises that did not materialise. If I criticise the management it's not because I am shorting but because I invested a significant amount and I am losing a good chunk because of their incompetence.
Having said that, I am positive in the long term as the shiny stuff is there and we have a plan, although it may take a bit longer to get there. Mining is not an easy business

total ****show today which continues to undermine investors' confidence in the company. Poor communication, Q3 figures still missing and then this. I am really annoyed. I think Robbie is acting in good faith but this is not good enough.
I am worried about the timescale of the mine expansion and of the drilling activity but hopefully Philoro may quickly agree to increase the size of their commitment. This should help restore some confidence. Other deals are going to take months, unfortunately.
On a positive note, OCIM had done their due diligence and they did not pull out because of missed deadlines by GCAT or poor confidence in their ability to deliver, so I would assume that all is progressing well enough. Same goes for Philoro.
The other good news would be Robbie buying shares as he stated in today's interview, i just hope he won't have to backtrack on that too.
I bought some more at 0.6 and will now ignore the noise for a few weeks. Fingers crossed

in the last slide of the presentation it says that the next 10-15 km of drilling are fully funded.
Exciting times ahead

looks like a few investors are positioning for the flurry of news we have all been waiting for.
I am expecting the rare earth MRE to be issued next week as in the 5th of december RNS is was said to be on track for publication by the end of the month.
Then the drilling samples will follow, perhaps in late january (Rupert said 6 weeks in the last RNS), with an updated gold MRE soon after that. In February we are also going to start drilling again. Funding should not be an issue for a while so I am quite bullish right now

this share seems to be inversely correlated with gold price. Crazy

I am expecting a decent bounce this week. We have formed a nice bullish flag and we touched the upper limit of a descending channel. POG is also moving up. Good time to increase positions

This RNS has the purpose to sweeten the pill as the mine expansion is further delayed by 3 months. I just hope this is the last time we are moving goal posts. Having said that, before some ********* calls me a deramper for stating the facts, a slight delay is not an issue given how undervalued this company still is.
We have a few million oz more to be discovered, a very low production cost and we are fully funded. We'll be at a much higher SP when the expansion is completed or near completion. POG is also likely to shoot up once the Fed pivots, which is likely to be in Q1-Q2 next year. Exciting times ahead

no, the seller isn't done yet. We are down again. I just don't get it. At what point is the agony going to stop?

ID78 agree, they are likely to combine the (low) production figures for Q3 with an update on the mine upgrade and some figures on the heap leach pads to prevent a negative market reaction. I bet this comes first and the hopefully great grades from Vim Rutha to follow later in the week or perhaps next week. If we haven't bottomed out we are very close. We may get close to 1p by the end of the year..