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Mining company SolGold said it was in talks to source a $2.85bn financing package for the development of its Alpala copper-silver-gold project in Ecuador.

The company also said that it expected to complete a pre-feasibility study for Alpala in the third quarter of 2020.

A subsequent definitive feasibility (DFS) study would follow by the end of the first quarter of 2021, subject to funding and land acquisition programmes.

SolGold said it was currently conducting discussions about securing a funding package for Alpala.

It involved up to $150m in the shorter-term for two years funding for completion of the DFS.

'Funding discussions for finalising the DFS and SolGold's share of pre-development costs are progressing encouragingly,' the company said.

'If an agreement is reached, finalisation and settlement could take up to eight weeks.'

The longer-term development package of around $2.7bn was being negotiated and targeted to be agreed with a range of financiers and third-parties.

It was subject to finalisation of the DFS, permitting, and fiscal agreements with the Ecuadorean government.

Why is SOLG down when the rest of the market is up?

Why sell when you can buy and be rich?

Why on earth would someone sell today? (Laughing emoji)
10-Mar-20 16:35:20 13.00 1,029,060 Sell* 13.18 13.34 133.78k UT

What does rypo apols mean?

What SP did the day end on?

From 9 am-2 pm, the SP was comfortably above 14p.

The shorters have departed so do not worry!

Your patience will be rewarded.

RIse?

https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE

How can the price drop with such a promising presentation?

What on earth is happening? Surely the price should only go up?

Why isn't the share price heading back to 40p despite everything indicating positivity?

Quarterly MD&A Filed in Canada

Drilling Commenced at the Blanca Project in Northern Ecuador

First two holes both intersect visible gold in multiple quartz veins at Cielito

https://m.youtube.com/watch?v=yuQ4DOtdI6Q

SolGold (LSE & TSX code: SOLG) is pleased to release its new Corporate Video.

Today marks an historic milestone for Ecuador’s mining industry with the official opening of the Fruta del Norte Mine. This event is proof that Ecuador is rapidly transforming into an important mining jurisdiction. SolGold’s Alpala Project is the next major development project and is in line to become a key global copper supplier.

CEO Nick Mather and our management team give you a tour of our award-winning asset and operations, explain our vision and strategy, and through our involvement with local communities, demonstrate our commitment and solid relationships in Ecuador.

At SolGold, we are in Ecuador to help build a mining nation.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=SOLG:LSE

Hi Cookiecrew2019,

You are absolutely correct! Buy now or be square.

Don't say us long holders didn't tell you so!

This is a dream share ready to explode once again.

Not to worry folks!

Ecuador's indigenous movement released 10 police officers who had been held at the Agora Casa de la Cultura Ecuatoriana in Quito since Thursday morning after the staged funeral of one of its leaders who died in the protests.

Interior Minister Maria Paula Romo confirmed the news at a press conference, in which she also said that journalists held inside the building were also allowed to leave. EFE-EFE.

Time to top up!

Not to worry folks!

Ecuador's indigenous movement released 10 police officers who had been held at the Agora Casa de la Cultura Ecuatoriana in Quito since Thursday morning after the staged funeral of one of its leaders who died in the protests.

Interior Minister Maria Paula Romo confirmed the news at a press conference, in which she also said that journalists held inside the building were also allowed to leave. EFE-EFE.

Time to top up!