Member Info for Pbow

Because it will be a little hard for us to find this thread when its wrong (like every other prediction he makes).

From the press reports two resignations have been accepted so far. Neither have briefs remotely related to Solgold. Saying that Ines Manzano is in Brasil and Luis Alberto Jaramillo has been notably silent on Twitter. They are the two most relevant in my opinion.

Apparently all government ministers have tendered their resignation (not clear if its been accepted).

Separately Noboa visiting USA 18th to 20th. He will be accompanied by one member of the cabinet - Secretary General of Public Integrity. No itinery provided. Unlikely to meet Trump today as he is hosting the Crown Prince of Saudi Arabia today.

Jack in the last three months he has done two interviews with redcloud and one with kitco mining..... they are all in the second half of 2025. I dont actually recall him being interviewed in the first half....

Is the change in the number of days related to not being listed on the TSX anymore? Its 21 days on LSE isnt it?

This is interesting

https://www.primicias.ec/politica/resultados-consulta-popular-referendum-ecuador-preguntas-cne-asamblea-constituyente-constitucion-16noviembre2025-109242/

Yeah but in my opinion its a bad result for the country. Just like some people in the UK saying voting for BREXIT was a bad result for the UK.

Personally, Rodney I think its a bad result for the country - but that's not really my concern. If I ever visit Ecuador it will be the Galapagos only and that seems a safe enough place.

I didnt see any upside at all from the referendum for Cascabel - but potential upside for the other concessions. For me im not too worried about the other concessions - they are potential upside to the company but the main story is Cascabel. A potential disruption for up to 3 years could have been a nightmare. Im very much of the view that this referendum was holding up the CIPA so with that hurdle gone maybe it will come soon. I do think there is a chance that Solgold may be trying to increase its value though. Though given we already have an IPA and an AIPA im sure someone clever can think of another letter to stick in front of IPA in the future.

Porvenir PEA shouldn't be far off by the way - they said in May it was under way!

No Jack I attack idiots and you are the biggest idiot on here. In fact you are that stupid im starting to think its an act and you are just on the wind up.

This was you.... on the 4th of November... you are certifiably mad.

"6 points as to why referendum is important to Solgold & Ecuador

1. The referendum strengthens President Noboa’s executive powers to fast-track strategic national projects.

2. It gives constitutional backing to foreign investment protection agreements like SolGold’s pending CIPA.

3. It allows Noboa to streamline environmental and mining permits, cutting approval times from years to months.

4. It limits judicial and activist delays that have historically slowed major mining developments.

5. It boosts security and infrastructure enforcement, protecting mining corridors such as Cascabel’s access routes.

6. If passed, it clears the legal and political path for SolGold’s EIA approval and mine construction to begin.

Solgold is going to rerate on the back of major news that will be released once the referendum is immediately concluded."

Jesus Christ Jack you change like the wind. You are clueless.

Just to make my point clearer ill replicate the relevant sections of the interview.

"BNamericas: If the "yes" vote wins on the Constituent Assembly, Ecuador will be in an electoral process for a year. How would that affect the mining sector?

Ycaza: In the short term, the constitutional process will cool investments. I don't think the mining registry will be reopened or oil tenders will be held until the new rules of the game are known.

BNamericas: How do you see the outlook for advanced-stage mining projects?

Ycaza: The biggest challenges will be for those who have to negotiate exploitation contracts. 2026 will be a year of slow progress, both due to the electoral climate and possible institutional changes.

If the Constituent Assembly takes place, the laws and institutions will have to be adjusted to the new framework. With the 2008 Constitution, the process took two or three years."

I dont fancy waiting 2 to 3 years cheers. Ive waited long enough. Im 44 and want out well before 50.

Read the interview with the vice president of the mining chamber. He certainly doesnt think its in oir interests - if you wsnt a payday in the next two years (which i do).

If the referendum had passed. Months to do the election for the council. A year to write the new constitution (which we have mo idea what would be in it) and months for a new referendum on applying it or not. I think my investment is a lot safer without that uncertainty.

Well Jacks impressive record of being wrong about absolutely everything continues will the news that all four referendum questions have been rejected as just announced by the CNE. I think Noboa has lost a lot of credibility with this result - and has shown a level of naivety. I mean surely if you are doing a national opinion poll its probably best not to increase the price of disel by 56% in the run up to it.....

Based on this interview (and the concept that Jack is always wrong) https://www.bnamericas.com/es/entrevistas/consulta-popular-en-ecuador-abre-interrogantes-sobre-el-futuro-del-marco-minero persoanlly I dont think the result is bad for Solgold - at least in so much as Cascabel which is obviously the key part of the company.

The Osisko Gold Royalties one is December 2026. Can buy back a 1/3 of that one also doesnt require a change in control and is purely at solgolds election.

Buy back for first Franco royalty is september 2026 - so yes Q3. Its also the most expensive one to Solgold - ie if its not bought back it will cost a fortune. Shame its only a 50% buyback. One thing to note is its not relient on a change in control event so I expect Solgold will look to buy it back either way.

The buy back cost is circa 100m next year - has to be cheaper funding available than that given the current spot rates of gold, copper and silver of course along with adding in TAM to the mix.

So on the solgold website it says that they are attending. When you look on tbe 121 mining page no mention of solgold. Does anyone know if it used to show them attending? Have they pulled out.

Im starting to think there is something going on (couple of things are pointing me that way) no idea what is going on though.

PS ive read the PFS at length - it holds lots of answers. For example its relatively easy to work out the impact of the new diesel price.

NMM the current PFS is based to an extent on the concept that it expands. Starts off at 12 Mtpa and expands to 24 Mtpa. Once we get an idea of the scale of TAM should be able to work what size processing we need. But I would assume (unless Alpala is really put on back burner (

- which doesnt seem to be the case) its only going to be bigger. Of course the key thing any increase in cost (when associated with scaling up) is ultimately going to lead to increased revenue so on balance very good.

Yes I am quite excited as it happens. The fact that they have drilled TAM is excellent and that the results of it were good is a bonus (just wish they had done it long ago as it was obviously needed). There is lots to look forward to - however as usual Jacks ramblings will be wrong.

The other good thing DBW is unlike you im not an old cantankerous fart so have a good chance of a) making a lot of money from this share and b) being of an age where I can enjoy spending it. Maybe your family can enjoy the cash .

If section 1.19 Cost Estimates of the PFS is my backside then yes I am Jack.