Member Info for RodneyT

It is correct, PBOW. He received 55.6% (OK, not 56%, I apologise) in the run-off vote held on 13 April 2025. LG got roughly 44.4%.

April 2025. DN re-elected with 56 percent of the vote giving him a working majority in the National Assembly. This strengthens his ability to pass reforms that support the mining sector.

June 2025. Reopened the national mining cadastre for the first time in seven years. Small scale non metallic concessions resumed in June. Metallic concessions resume from September 2025 with large scale in early 2026.

June 2025.Introduced new laws treating illegal mining as organized crime. Penalties now include up to 30 years in prison and asset confiscation.

July 2025.Issued Executive Order 60 to merge the Ministries of Environment and Energy and Mines. This move streamlines decision making for mining projects.

As reported yesterday, the IMF has recently expressed its support for Ecuador and the progress being made by DN. Noboa is also recently back from China where a cooperation plan for promoting BRI was signed.

This is all clear evidence of Ecuador and DN making progress and getting the support of the international community in doing so. In turn, this is an outstanding setting for companies such as Solgold. Cascabel, in partiucular, is often referenced by the Ecuadorian Government and is centre stage to Ecuador's plans for its future.

SolGold and Ecuador are both shaping up well. SolGold has intersected near surface gold at Tandayama, and the local rock is proving ideal for construction of the tailings facility. The recent USD 33 million injection from Franco Nevada and OR Royalties highlights the continued support of world class financiers. With the DFS approaching and major decisions on the horizon, BHP, Newmont and Jiangxi Copper will no doubt be watching closely as will other major miners. Notwithstanding being up around 50% over the last month or so, the stock remains significantly undervalued relative to the Company’s underlying assets. A catalyst seems increasingly likely, and when it comes, long term shareholders could finally see the major upside they have been waiting for. At the national level, President Noboa continues to receive support from international institutions, including the IMF. Within SolGold, DV is executing effectively, and PS remains a strong asset to the Company and its shareholders. That is reality now, folks. Are we in agreement with that?

Dear oh dear, 'Buffet'! You'll be getting a detention before you know it! As PBOW has told you, the PFS values copper and the other metals far below the current spot. At least when you use AI to write your remarks, load up the PFS so that what you say has credibility. Must try harder, 'Buffet', must try harder. You'd have said nothing about copper prices had they soared, would you 'Buffet'? :-)

BB, I would be careful making remarks like that if I were you. The Class Action is making excellent progress and is ahead of schedule. Michael Cotter and our KC are a formidable team. It makes no sense from your point of view to sully Mr Cotter as it is entirely unwarranted to do so and may even put you at risk personally.

Hi PBOW, Were the short to close, this would need to be reported to the FCA by the shorter. As/when, this change will appear on FCA records. Shorttracker.co.uk takes its feed from the FCA. Wouldn't expect an RNS covering it. No RNS when it started, as you say.

I'm not answering your question Sense. Thank you

PBOW,

How do any of us know, for example, whether the short has, in fact, closed already (via the vehicle of recent huge increase in trading volume) but that this has yet to be announced which would be consistent with the FCA's rules on this i.e. it has to be announced after 'the whole transaction' is complete?

We don't know, of course, which means this could happen at any stage and were this to occur, one would expect a positive reaction in the markets. Are you broadly in agreement with this rationale?

Maybe, Tom, maybe. But with significant news due, it could also go to 20p plus and quickly. Just supposing news comes about the short closing, a copper stream or ExploreCo with a funding partner. 'Overbought' then are we? :-) :-)

Was speaking with a fellow shareholder earlier today. He shared an idea with me which I immediately found interesting. What if, subject to the agreement of FN and OS, funding from these parties is used to move towards production of gold as soon as possible at TAM on the basis that the forthcoming TAM results support this direction of travel? I have reviewed the existing agreement and, subject to FN an OS approval, can see no reason why not. Effectively, produce gold as soon as physically possible from TAM assuming the results merit this.

Agree with that, Jack. Let's keep JCC at arm's length as much as possible. Same as the other 2. BHP have had years to make a fair offer rather than try to steal this asset. They haven't done so. Leave them all by the wayside and press on DV.

Oh dear 'Buffet', I see you are once again coming to class with your stories without doing your homework:

Earlier this month, the IMF approved an augmentation of Ecuador's EFF raising total program access from USD 4 billion to USD 5 billion with an immediate disbursement of USD 600 million. The fund cited Ecuadoran authorities' successful fiscal management including raising non-oil revenues, cutting arrears and protecting vulnerable populations as evidence of strong economic stewardship.

You see, 'Buffet', whether you like it or not, things are looking up in Ecuador as they are at Solgold. Real business done by real people. Tell us, 'Buffet', where do you fit in to all this? Must try harder, must try harder.

And, 'Buffet', and? HMG tax UK North Sea oil and gas production at 78%. Folk still fill up at Tescos. Must try harder, 'Buffet', must try harder.

I see the new RC report refers to Cascabel NPV (pre tax) at just under USD 5.9 billion or GBP 4.4 bn. This is wonderful news and vindicates the work carried out by Stas20 and Needabrain a few weeks ago. The report also says ' we are encouraged with the progress the new leadership team is making with accelerating Cascabel into the development stage and establishing an ExploreCo vehicle for its non-core exploration projects'. Bravo DV. Bravo Stas20. Bravo Needabrain.

30p is not a big ask at all Fort. You are bang on.

'Buffet' The company has funding agreed on a streaming basis with payment only due once production commences so nothing to pay until then. Appears as a debt on the accounts to adhere to normal, prudent accounting principles. Must try harder (in red pen) must try harder. It is very sad that you act the way you do and your choice of moniker is tantmount to sacrilege. Must try harder, 'Buffet'.

Back in the real world, a good day again today. DV doing a good job. Perhaps more news this week? Meanwhile, nicely cashed up with reduced cash burn.

Add,

I agree with you. The 'diverse book' idea falls at the first as/when a bidder or bidders want to buy Cascabel or the whole company. I sketched that before using the example of a 50/50 BHP NMM approach. I am sure there are many other scenarios that would also be feasible. Again, there is no evidence of any approaching bid at this stage but I agree with what you say.

Interesting angle..

Laughing with you Eloro :-). Looking very promising indeed. Perhaps we will get more news this week?

Don't agree with you there, PBOW. Stas20 is on the right track in my view so 164p NAV and who knows what a party will pay? Between 0.8 and 1.1 of NAV would not be unusual. With thr broker numbers, they are not only hopelessly out of date regarding the price of metals but are also inherently conservative by necessity. Anyway, there is no sign at all of an incoming takeover bid so we are pressing on as per DV's plan. Good for him.