Member Info for Quady

Bit more to it than that Jezzoo.

I know in oil and gas you have to have funding available before you go to the construction stage or you don't get licenced.

I was unsure on mining, but the Reuters story seems to suggest it's similar.

Good morning SharketMare, unless Reuters have this completely wrong.

We have agreed to invest 4.882 billion dollars during Cascabel's useful life.

This is what got us the explotation license.

Good morning SharketMare, unless Reuters have this completely wrong.

We have agreed to invest 4.882 billion dollars during Cascabel's useful life.

This is what got us the explotation license.

Just rereading the Reuters story.

It makes it clear that Solgold have committed to invest 4.882 billion dollars during Cascabel's useful life.

We have funding on some level.

https://www.reuters.com/markets/commodities/ecuador-solgold-seal-deal-launch-nearly-5-bln-mining-project-2023-07-20/

I believe we have given them the pathway to development.

I suspect we will get an RNS when we have finance firmly in place. JV or whatever Solgold have in mind.

Good morning addicknt, as you are aware this is my first mining share, but have been investing in oil and gas for decade's.

Usually when the permission is given to exploit the discovery.

The resource must be tested and an indicative amount must be registered.

This helps assist the jurisdiction to set the rates of tax and allow investment into the project.

They do have to show how it will be brought to fruition.

Usually with funding agreed.

Not always in place, but able to demonstrate it's available.

I have no idea what Ecuador required to get our explotation license, but I am a lot more comfortable now we have it.

This kat2008 idiot is a nasty piece of work.

Slug is lying again and hoping no one will challenge him.

The BBC story quotes the ESA.

The European space agency.

They have not switched their way of measuring.

They have always used ground temperature.

He knows nothing about climate science.

Well that completes Slugs profile.

He is a rac.ist, who has a hatred of women and expresses far right propaganda.

He doesn't know anything about the COVID vaccine or climate change.

He doesn't even have a TV licence, so gets all his unchecked facts off the internet and still misinterupts them.

I have this vision of this grown man child sitting in a cupboard on his PC wearing a tin foil hat and nappy, so he won't be susceptible to thought wave's by the government or aliens from another planet.

This has got to be the most unintelligent person on the planet.

Jezzoo read the article you posted it is an indication that the planet has almost reached saturation point.

When that happens CO2 levels will rise even faster and warming will accelerate.

He's talking rubbish. But some on here are too stupid to question him.

I don't include you Jezzoo as you are checking what is said on here.

Jezzoo he is trying to confuse people.

All climate change is based on ground temperature.

He is pretending its based on air temperature.

He is even more an idiot than i believe he is.

Please read the NASA post I posted at 09.41 today.

As at the bottom of the page you have articles that are accurate and informative and reasonably easy to understand.

I realise not all peer review can be easily understood and you need to work your way slowly through it.

But there is zero doubt man made climate change is changing our planet and not for the better.

Addicknt mentioned a series called Earth earlier on.

Watch it, it shows how climate change is changing life on this planet and this is not in the future it's happening now.

The part that looks at dolphins is truly fascinating.

Good morning addicknt.

Earth Indeed is engaging and informative.

Great series.

Unfortunately we have already gone too far and while the requirement for net zero has never been more urgent.

We now need to scrub the atmosphere of CO2.

As net zero cannot be achieved tomorrow, and the man made element is still rising and is cumulative.

It's already going to take between 300 and 1,000 year's to reduce the manmade part naturally if we achieved net zero tomorrow with no scrubbing of the atmosphere.

Who do you believe the top minds at NASA and NOAA or slug.

It's a tough one isn't it.

Of course scientists have proven that manmade climate change is real.

Https://climate.nasa.gov/scientific-consensus.amp

This is in large part what makes Slug the most unintelligent poster on here.

He doesn't understand the man made element of climate change.

He doesn't understand that it continuously adds to the ppm in the atmosphere and will continue to climb.

2 degrees of warming would be catastrophic for the world.

As it changes the food chain, and life on this planet.

Goodbye Slug.

ArAgCu you are totally lying.

You say you are invested as you believe you will make a profit.

Then at 7.50 this morning you say that people won't be fooled by Fort to invest.

So you are suggesting people don't invest.

Even if you were an investment consultant, which you are not. You cannot do that.

You can only lay out the pros and cons.

Therefore you are a liar on every front.

ArAgCu I have no idea why you are here, but guessing you will be leaving soon, no apology warrented, I spent a bit of time reading your posting history.

It's all lies.

AgArCu why do you constantly lie on this forum.

You have no idea how to value a company or you do and are constantly lying.

If you wish to use the valuation against NPV do so

But do it in a staged approach and thus cost/profit over the first 25 year term.

No one has to put up 3.8 billion on day one.

I repeat why are you lying about this share.

I am guessing you are in at a higher price or not invested at all.

But nothing you say makes sense.

Why not leave people to make their own investment decisions and you make yours.

But stop with the lies.

I take your point DinnerMoney.

The run off however I don't think is a problem this time round.

No one is going to get 40% of the vote in the first round.

And Perez has lost support since last time round.

This is going to be an election about living standards, as though they have been rising, people want more.

Good afternoon DinnerMoney you are looking at the same polling article as I am.

Only Perez is against mining.

Last time he got just over 19%.

The poll shows only 10% this time.

Opinion has shifted.

I have no quotes to hand, but both major parties have talked about rebalancing the economy with the advent of new industries and inward investment.

In my opinion they will not make any decisions that makes investment in Ecuador difficult.