Member Info for Pbow

I dont think its clear at all.

That being said Mubadala have past form for mining investments. Only last week it wss announced they were selling some.

https://www.bnamericas.com/en/news/mubadala-and-trafigura-put-us5bn-mining-related-assets-up-for-sale-in-brazil

I could well see the UAE wanting to do with copper what they did with EGA / Aluminium.

It fits their model. Build a copper manufaturing base in UAE taking in the low energy costs. It would make sense to have an asset that produces the raw copper.

Not sure they would want to compete with china in an auction though.

4. Attraction of Emirati capital to strategic sectors

✓ The agreement will expand the arrival of sovereign and private investment from one of the world’s largest exporters of capital.

• The Treaty will allow resources from the United Arab Emirates — including sovereign funds and leading companies — to be channelled into key sectors for the country’s economic transformation. The main identified sectors include:

o Infrastructure

o Renewable energy

o Agribusiness

o Logistics and connectivity

o Digital economy and technology

o Tourism

o Responsible mining

o Sustainable development projects

• The legal framework of the Treaty provides certainty for long-term investments, stimulates job creation, promotes technology transfer, and strengthens productive capacities across the entire country.

5. Technical process and government leadership

✓ The Treaty is the result of a rigorous technical process led by the National Government.

• The negotiation of the Treaty was led by President Daniel Noboa and carried out by specialised technical teams from the Ministry of Production, Foreign Trade and Investment. This process was conducted under modern technical criteria, impact analysis, and alignment with international standards for investment protection.

6. Reaffirmation of the economic policy of openness and competitiveness

✓ The Treaty strengthens international economic integration and positions Ecuador as a reliable partner for long-term investment.

• The signing of the Treaty is aligned with the National Government’s strategy to integrate Ecuador into global trade and investment chains. The Treaty sends a clear signal: the country is committed to a stable, predictable, and competitive environment that fosters entrepreneurship, innovation, and sustainable development.

• It also strengthens the bilateral relationship with a strategic partner of high global relevance such as the United Arab Emirates, opening new opportunities for cooperation in trade, financing, and investment.

Above translation by chatgpt as its far too early to be typing that out myself!

MEMO – INTERNATIONAL TREATY FOR THE PROMOTION AND PROTECTION OF INVESTMENTS BETWEEN THE UNITED ARAB EMIRATES AND ECUADOR

1. Concrete results for Ecuador

✓ With this agreement, Ecuador will receive a direct injection of capital from the UAE, along with greater legal certainty and a significant increase in international confidence in the country, which translates into better conditions for attracting foreign investment.

✓ The investment potential is between USD 1,000 million and USD 2,000 million, even in a conservative-to-neutral scenario.

✓ According to international studies, every time one million dollars is invested, that investment generates between 8 and 20 direct jobs, depending on the type of economic activity.

• An investment of one billion dollars would generate between 8,000 and 20,000 direct jobs.

✓ Previously, attracting investment was impossible: Ecuador had no agreements with other countries, country risk was extremely high, legal certainty was lacking, and we had withdrawn from ICSID, among other factors. Under those conditions, nobody wanted to bet on the country.

2. Signing of the Treaty: A milestone for Ecuador

✓ The signing of the Treaty consolidates Ecuador’s economic opening and strengthens the country’s position as a reliable destination for global investment.

• President Daniel Noboa Azín signed the International Treaty for the Promotion and Protection of Investments with the United Arab Emirates (UAE) during his official tour. This Treaty represents a milestone that reaffirms the Government’s commitment to attracting foreign investment and projecting a solid, modern, and trustworthy image of the country to the world.

3. Modern guarantees and strengthened legal security

✓ The Treaty improves Ecuador’s international perception through clear, modern, and balanced rules.

• The Treaty incorporates updated international standards, such as:

o Fair and equitable treatment with precise definitions.

o Clear and transparent rules on expropriation.

o Modern and predictable dispute-settlement mechanisms.

• These provisions reduce country risk, strengthen legal security, and project confidence to global investors, facilitating Ecuador’s access to financing on better terms.

For clairty i meant in a sale at the current moment in time (or coming months)

They are unlikely to go hostile Michael and i think it will take more than a "few pence" to get the board to accept. That being said the only way to get the proper value is to have another bidder. So fingers crossed.

Because its an option in 6 months. Ill be trading away potential upside for 10k... whats the point? If we are sold for 60p ill be happy. Obviously because im sane I would love more.

OFFICIAL COMMUNIQUÉ

Ecuador and the United Arab Emirates mark a milestone with the signing of the International Treaty on the Promotion and Protection of Investments during President Daniel Noboa’s tour

The Government of the Republic of Ecuador and the Government of the United Arab Emirates today signed an International Treaty on the Promotion and Protection of Investments, a milestone for the national economic agenda that marks a new stage of strategic cooperation aimed at attracting high-impact investments.

This agreement will allow the channelling of capital into strategic sectors such as infrastructure, renewable energy, agribusiness, logistics, the digital economy, tourism, responsible mining, and sustainable development projects, generating capacities, technology transfer, and economic dynamisation in the country.

Led by President Daniel Noboa, the treaty is the result of a rigorous technical and negotiation process driven by the National Government through the team of the Ministry of Production, Foreign Trade, and Investments. The agreement establishes clear guarantees, modern rules, and a secure and predictable environment for Emirati investment, sending a strong message to the world: Ecuador is open to investment, growth, and international partnerships that generate employment, strengthen competitiveness, and enhance productive development.

The Government of Ecuador highlights that this signing is a firm step in its strategy of international economic integration, positioning the country as a reliable partner for long-term investments. Likewise, it reaffirms its commitment to generating conditions that promote entrepreneurship, innovation, and sustainable development for the benefit of citizens and the national productive fabric.

Seems his itinery was binned but has finally met the top sheik.

https://x.com/DanielNoboaOk/status/1997324988488007882?s=20

Jack you are funny. If I had 50 grands worth id have a think about your offer. But I have a lot more. 60p for a clean sale would be fine for me. Locking them away for 6 months for a lot less than I earn a month doesnt really appeal. It also shows how ridiculous you are by saying that despite not knowing the size of my holding.

If this chinese bid gets me out of here at 60p ill be delighted

There maybe minor errors - my Spanish isnt perfect by any stretch of the immagination :-)

Seems a bit contradictory in the involuntary / consentual stuff lol.

Also the timing doesnt seem to match with what the rest of the company are saying timeline wise. The chap speaking is Hugo Arnal

Director of Sustainability.

This is our goal. For now we are working with Insuco. They are specialists in this field and have experience in Ecuador and internationally.

One third of the workforce of the Santa Cecilia community is employed by the company. Eighty percent of the company’s employees come from the fifteen communities in the area of influence of the Cascabel concession. Two of those communities are parish centres. We have more than two hundred and fifty employees. At this moment eighty percent of them come from the local communities.

We are in an advanced exploration phase even though we have already signed the exploitation contract. Signing an exploitation contract does not mean that production can start immediately. It can take several years to build access roads and begin mine construction. From the moment a mining company signs an exploitation contract several years can pass before extraction itself begins.

The consensual involuntary resettlement of the community of Santa Cecilia. This is a very important process. This is a small community of very hard working people located between two very important deposits of copper and other metals. Their presence in this area could have health impacts for community members and could also delay the construction of the mines.

A negotiation process is therefore underway. This is why we speak of a consensual resettlement. The aim is for the members of this community to relocate together to a new piece of land so that the social fabric is preserved. A new Santa Cecilia will be created in a place chosen jointly by the community and by us.

This process is planned together with members of the community. It is a consensual resettlement. That is the term I want to emphasise. A consensual resettlement means their houses will be replaced. Their land will be replaced. Their livelihoods will be restored. This is not simply moving people to another location. It is a long term process that includes follow up on the reconstruction of those livelihoods. The aim is that they can continue living and continue developing.

It is involuntary because the Ecuadorian State is the owner of the resources in the subsoil. The State discovered major potential for a copper mine. That mine cannot be developed unless these families are relocated. It is a mine expected to generate about 6.7 billion dollars for the Ecuadorian State in the coming years. For this to happen these families must be moved. This is why it is involuntary.

The community had never imagined this situation. The Government of Ecuador had not imagined it either until the mining potential became known. Although it is involuntary, it is consensual because it is essential that this be done with the agreement of the community. This is not an imposition. It is a voluntary negotiation between the community and the company. That is why it is described as consensual.

This is the first time the country has discussed a consensual resettlement linked to mining. There have been consensual relocations before in Ecuador. They have been small and medium scale. This is the first time that a consensual resettlement is being done due to mining.

We are a mining company. This type of work is not our area of expertise. We have therefore hired another company that specialises in these processes. The company is called Insuco. They have several projects underway in Ecuador. They are facilitating the resettlement process.

Regarding timelines the question is more complex. Even if one would like to plan for one or two years, the schedule depends on the dynamic that develops between the community and the company. Mutual trust between the community and the company must be strengthened through dialogue. It is difficult to say if that will take six months, a year or two years.

Our expectation is that by mid to late 2027 or early 2028 the consensual resettlement process can begin.

Https://www.brisbanetimes.com.au/business/companies/asx-runners-of-the-week-phoslock-black-horse-dgr-and-african-gold-20251205-p5nlaz.html?ref=rss&utm_medium=rss&utm_source=rss_feed

So jack can have more wet dreams over the weekend - despite seemingly not knowing that the UAE is not part of Saudi Arabia.

https://en.aletihad.ae/news/uae/4597150/uae-ecuador-ties-anchored-in-shared-values--people-centric-d

Can guarantee this will not therefore be the closing price.

Fort I think more likely the chinese will add CRCC into the mix rather than switch to Zijin. Its exactly what they did at Mirador wherein they added them to Tongling Nonferrous Metals Group.

There are three key differences between Solaris and Solgold. There's is open pit which TAM is gradually changing for us. Secondly (and most importantly) they nearly have their license - we havent applied. Thirdly they are fully funded to get to a construction decision - we arent.

Notwithstanding that the opportunity value of cascabel should blow them out of the water.