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There will come a day when SOLG will have to start laying off Ecuardorian Nationals to conserve capital. If this happens life for SOLG will not be one that will be supported by the people of Ecuador. NM needs to be a partner with CGP and work together at selling Cascabel. He can move on with some of the other awesome properties in his portfolio
JMHO
All presenting together at PDAC
https://www.theglobeandmail.com/business/article-gold-mining-ma-hot-streak-set-to-continue-in-2020/
I have to admit that filtering out some people is very satisfying.... 2020 will hopefully bear fruit for us all... Happy holidays to all and I wish all on this board positive and happy days ahead!!!
Merry Christmas to all
CGP will be bought by a major. Speculating about what NM will do with CGP is just a side show. JMHO/ Merry Christmas and happy holidays to all.
BHP and Newcrest will make a boat load whether they are part of Cascabel or whether they sell to another player. They know that Cascabel will become a huge multi generational mine and that their current investment is safe and a multi bagger. Be patient all. This will be a very worthwhile investment for those who take a deep breath and relax.
Once feasibility study is complete CGP will have an asset with a NPR along with 9% of SOLG shares. Thinking that CGP will disappear is delusional. They will get taken out first as the buyer will get a 23% interest in Cascabel.
https://www.miningweekly.com/article/dundee-invests-in-ecuador-focused-inv-metals-2019-10-22
When news hit that 18 explosive-rigged drones had knocked out two major oil facilities in Saudi Arabia, instantly cutting global oil supply by more than 5 per cent, you can bet electric-car drivers worldwide collectively shrugged.
Gasoline prices to shoot up? No problem for vehicles that run on kilowatts.
Some speculated the news would help boost demand for electric vehicles. Energy expert Michael Liebreich, founder of Bloomberg New Energy Finance, took to Twitter to declare that “the global shift to electric transportation just perceptibly accelerated.”
The drone attacks, he rightly argued, made Saudi refineries and pipelines “look like 20th century vulnerability in a 21st century threat landscape.”
In fairness, electricity infrastructure is also vulnerable to drone-like attacks, but I can’t think of a single target that would knock out anywhere near 5 per cent of the world’s power supply. The trend in the electricity market is a move toward smarter, more robust grids and smaller, more distributed forms of generation based on renewable energy and storage. Even nuclear power, crucial in the fight against climate change, is expected to become more modular and decentralized.
Electricity is also not traded on a global market. In the unlikely event that 5 per cent of supply could be disrupted, the economic impact would be felt locally. There would be no global price spikes or risk to international stability.
It helps that the vehicles destined to consume this electricity are getting better and less expensive. Tired claims that electric vehicles (EVs) take too long to charge, don’t have enough range, or aren’t powerful enough are based on lingering perceptions that don’t reflect the pace of innovation.
Take EV charging. Earlier this summer, the head of technology at European oil giant BP told Bloomberg News that EVs capable of being fully charged in five minutes are only two years away.
Ottawa-based GBatteries, for example, is almost there. It uses machine-learning algorithms to dramatically speed up the charging process using a method called “pulse” charging. Its near-term goal is to make charging an EV just as fast and easy as filling up a car’s gas tank.
Vehicle range is getting much longer, too. The Nissan Leaf had a range of about 120 kilometres when it was introduced commercially about a decade ago. Buy one now and you’ll get 350 km out of a single charge, a bare minimum for many EV models hitting the market today.
If the court has a positive outcome today I believe this will really de risk country and may spur an incredible amount of corporate acitivity in Ecuador. Hopefully we hear some news today or next Tuesday!!! GLTA
https://www.reuters.com/article/us-ecuador-mining/mineral-rich-ecuadorean-province-requests-popular-referendum-on-mining-idUSKCN1UP2CN#targetText=Azuay%20has%20proven%20particularly%20resistant,due%20to%20a%20court%20ruling.
This should get a judgement in the next few weeks. I believe this is why we have never recovered from the first Constitional court ruling as it was over ruled on procedural merits and not on an actual opinion.
But provincial prefect Yaku Perez on Tuesday requested the South American country’s Constitutional Court make mining development subject to a popular referendum, expressing concerns about mining’s environmental impacts.
“We will be the first province in the country to decide between gold and water,” Perez, also an indigenous community leader, told reporters. “We will make it so that very soon Azuay and Ecuador are free of metallic mining.”
Last month, the Constitutional Court ruled against a request to require community consultations over the Cascabel mine in northern Ecuador, allowing Australia’s SolGold (SOLG.L) to continue developing what is seen as one of the most promising copper projects in the world
Jerrysp. Thanks so much for informative info. This board will be much better when the majors start to play again. Be patient and ignore all the negative and malicious banter. If you believe in Cascabel and the opportunity it will provide for Ecuador, it's people and it's shareholders.... GLTA
This is great price action. Still amazed that we are these low levels after our Illegal mining challenge with CC. Upward we go!!!
https://www.redcloudfs.com/wp-content/uploads/2019/07/20190719-SOLG-Update.pdf