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Not the same thing.
Https://www.lse.co.uk/rns/SOLG/exploitation-agreement-with-government-of-ecuador-lpviw3v6bmqdwj5.html
The former. This is the exploitation agreement being signed/executed. Note the 33 year timeframe in both the linked RNS and the tweet/article.
Is this the actual signing of the exploitation agreement? Or the IPA?
Https://www.mining.com/solgold-reaches-deal-with-ecuador-on-cascabel-development-financing/
The article links to the tweet. Totally unclear. Hopefully cleared up via RNS on Monday?
Stackhigh @ 20.02 - bless you for thinking the UN still has any relevance in today's world. That organisation has fewer teeth than needalife.
The usual idiots making a mountain out of a molehill. I guess Israel is univestable too after they bombed the Iranian embassy in Damascus? I see Naboa going after the grifters as a positive for doing business in the country. Majors don't like corruption.
That article is from 5 years ago.
If your friends are questioning your integrity based upon the posts of some bogan moron on here, I'd suggest finding new friends.
1984, don't be silly, Diane Abbott can't run
Add, yes, that's essentially the point I was trying to make. Offtakes/royalties will be fine, but no bank is lending us money against a PFS IMO.
Sorry dbw I didn't mean that we wouldn't be able to raise funds in the short term. I just find it very difficult to believe that we would be able to finance building Cascabel off the back of a PFS if we decided to go it alone.
A timely reminder too that we haven't produced a feasibility study (DFS) and have no plan to. Yet people think we're going to finance and build a mine. Wild.
The decline in SP has nothing to do with stop losses being harvested - it's down to the fact that the market has no idea what lies ahead for GGP now that the major in its JV partnership has said it doesn't think Havieron is worth its time. We have no idea whether our new JV partner will be friendly/accommodating to our own ambitions, or whether we will make an attempt to purchase the 70% and Telfer ourselves. If we do, what will that mean for the SP? SD claims any transaction would be accretive. Yes, but from what level? This will continue to drift downwards until we're given clarity on the way forwards. PIs will get bored and traders will trade shares with greater volume and volatility. There is currently no correlation between the SP and the POG and the longer the uncertainty drags on, the longer it'll take for us to pull anything from the ground.
It's a bleak time for long term holders, unless you're sitting pretty with an average under 5p (in which case you probably should have sold at 30p+).
Agree schlemiel. I do think though that this 2 year timeline has been pulled from Caldwell's proverbial. I'm sure there's a hell of a lot more we could and would be doing if we planned on actually building a mine ourselves. The timelines Solg used to provide certainly didn't factor in a 2 year waiting period for the environmental permit. And isn't it in Naboa's own interest to expedite this process, given he'll be facing the public vote before long? This is another tactic to buy time and save cash while Bob coaxes the first bid for the company.
All we are doing at Cascabel is further derisking the project through obtaining permits, land and governmental protections. It's advancing of sorts, but at a glacial pace designed to conserve cash. We won't be starting construction for at least 2 years according to the latest interview.
There's no way the company pushes out a sponsored video with our CEO where he claims that financing is imminent and non-dilutive, only to get a placing away a week or so later. His credibility would be shot to bits.
Not mad in the slightest buddy, just enjoying calling out your BS. I'll leave you to your trolling and check back in with you once we've had this "horrible" fundraise you're predicting.
Ah good to know, Stackhigh. Now whenever you post definitive statements about the direction of travel here, we'll know that you have about as much conviction as a British politician.
So you post that a share has much further to fall because a capital raise is imminent and then buy more shares before said raise? Do you realise how much of a wally you sound? Not like you have any credibility on this board anyway, but my god you look silly.
1984, the tide is turning. Perhaps not as far as where you are, but I am early 30s living in London and dating an honest Catholic girl who has many friends that are sick of the woke nonsense you hate. Perhaps not as much, but I can tell you that people are sick of it. There is a fightback, of sorts,