The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Unanimously, the Constitutional Court (CC) decided on June 20, 2019 to deny and file the request for a prior opinion on the constitutionality of popular consultation to the question "Are you in agreement with the mining exploitation in the territories of the communities settled in the parishes of Lita, Carolina, Jijón and Caamaño, and Goaltal? ". The first two are located in the province of Imbabura and the last two in the province of Carchi. "The Court verified that the proposal to call a referendum submitted to constitutional control does not meet the requirements of clarity and precision required by law, such as those related to the existence of introductory recitals that allow contextualizing the questions and the non-induction of responses to the voter, among other requirements, "says a statement from the Constitutional Court.It was presented by the leader Wilmer Meneses, who called himself the common procurator of the four parishes. In those areas of the north of the country, the Cascabel project, operated by the company SolGold, is developed to extract copper, gold and silver. (I)
This news was originally published by Diario EL TELÉGRAFO under the following address: https://www.eltelegrafo.com.ec/noticias/economia/4/corte-constitucional-consulta-mineria
If you are going to use it, please quote our source and place a link to the original note. www.eltelegrafo.com.ec
Ta BN.C had a little read since. It’s like that play wot Shakespeare wrote. Much ado about nothing. That’s the one. Wonder how engineered it was .. one of the majors deploying their special operations executives perhaps. Right good tree shake, best I’ve seen in ages.
BHP a Major Major. Love it. Reminds me of a character in a book I once read. Yes folks, Scrat still holding on to his acorn with options on 12 more if he keeps a firm grip. As as for Nick looking poorly in that video, I’d say he looked his usual self to me. That’s Nick being excited I’m afraid. Good as it gets. Keep calm and carry on.
I wouldn’t like to second guess the solg strategy but this is likely to bring both parties much more media attention. That’s an outcome in itself since the media circus will be chattering about this for weeks on and off. If solg acquire them, it cleans up the ownership structure. It may force those deferred exploration liabilities to the surface. It may trigger a proxy war between majors or it might unlock the whole thing. It might be an insurance policy while the PEA gets finalised, bit like some random cover fire. And that’s from looking at surface symptoms, what else are we missing. One thing I’m sure if, it’s not been done on whimsy!
https://www.hannam.partners/umbraco/surface/MediaDownload/Download?file=1992&utm_source=H%26P+Master+List+-+Use+Segments+for+Mining%2C+O%26G+Weekly&utm_campaign=6b6eea31db-EMAIL_CAMPAIGN_2018_10_10_02_11&utm_medium=email&utm_term=0_dd4f91613c-6b6eea31db-86990495
i wonder if that worked. if it did, some very solid reading for those who missed it at the time
Welcome news. In itself only a step on the journey to defining something tasty but now alpala is a tangible target for majors, we need more news like today ASAP so for the institutional investors like black rock, there is on the balance of probabilities, a strong case for not selling out early. IMHO.
Not convinced about consolidation. I suspect it's a psychology question. Lloyds has 71bn shares circulating and they are 56 p at the mo. They seem relatively happy. Sure there are some long standing companies with big ticket prices but it's not universal. Interested in the arguments though. If I was a sub penny share dealing with the prospect of more dilution, then it makes some sort of sense to me as it helps you to appear 'normal'. But we are in a reasonable place with long sp growth journey ahead. But Wtfdik. All makes for an interesting debate.
Nothing NM does is accidental. We can speculate, and I’m inclined to agree that ‘vulnerable’ is to stoke interest and accordingly shareprice. There is a serious push on now to balance up the long term value of the solg pipeline with the immediate value manifesting at Alpala. The blackrocks of this world are long term players so if the long term story is attractive, we have a defence partial or total, against cheeky hostile actions.
Ta Colombo. So, if we are on for 10 mT Cu then sp works out at 10 mT / 1700 m shares @ £4400 per T Cu x 1% for value in the ground = 26p per share. Now, some double the value based on the gold content and others say 2% value in the ground, or higher. Where would you like the target price to be folks. £1 doesn't look too outrageous. My money is still on 82.5 but would accept more :)
https://seekingalpha.com/amp/article/4206032-showdown-looming-solgold
Wrong. Wrong. Wrong. My last purchase was 1.5p. And much as I like this stock, I also like some balance in my portfolio so I'm bringing the stodgy end back into line at the moment. RCP CTG etc. my basket of eggs contains eleven from happy hens, and one from a golden goose. So, stick to posting proper research and insight with supporting rationale. Good day to you sir.