The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
CGP been naughty.
Revocation of the Environmental Permit for Early Stage Exploration at the Rio Magdalena Project within the ENAMI EP Strategic Exploration Alliance in NW Ecuador
Ottawa, ON, Canada: Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (OTC:CTNXF) (FWB:GWN1) announces that, further to its news release dated December 2, 2021: https://cornerstoneresources.com/news-releases/21-23-ecuador-constitutional-court-rules-on-exploration-activities-in-the-los-cedros-protected-forest-in-the-rio-magdalena/ it was notified today of a final decision by Ecuador’s Constitutional Court dated December 21, 2021 in response to ENAMI’s December 6th petition for clarification (recurso de aclaración y ampliación) of parts of the decision referred to in the December 2, 2021 news release.
The final decision of the Constitutional Court reaffirms the revocation of the environmental permit (registro ambiental) for the Rio Magdalena Project.
Cornerstone is consulting with legal counsel to determine what rights and remedies Cornerstone may have, including under the 1996 Canada-Ecuador Bilateral Investment Treaty, unilaterally terminated by Ecuador in 2018 but which has a 15 year survival/sunset clause.
Cornerstone will provide an update after such consultations.
Last year end of September I think it was there was a pfs delay announcement, indicated to be a small delay and one of several delay announcements. The next day they announced the Porvinir discovery and the shares had a very nice run. I attended an asx investor copper forum today and Twigger presented Solgold, he said a Rio update is due for this week. I am confident history may repeat but with Rio this year.
If this is the case pfs delay = new discovery = bullish
https://twitter.com/bigdude6669/status/1448848820763308061?s=28
@SolGold_plc just got a call from a mining guy who was asking me about SolGold. Said he knows a few guys that were approached by SolGold for the CEO role. My guess is the guy they expected to hire is not coming onboard. Just rumours but could explain the delay.
http://www.dwcorporate.com/
They engage Dennis via his own company that does company secretarial services. Dennis probably works for other companies as well. Surely an operation as large as Solgold could justify getting a full time company secretary based in the head office?
Also the new company secretary is based in Perth away from the head office and looks like he does the job for other companies as well. Like he’s employed on a contract basis as a stop gap measure. Just look at his LinkedIn profile.
Something probably cooking behind the scenes.
Maybe the problem is that VM can’t seem to get it up…. Easy to blame the exchange.
Glencore just bought 10pc of Hot Chili basically a Chilean copper project which is smaller, lower grade and inferior in many respects to Solgolds projects. Apparently BHP and Fortescue were also interested in a similar sort of deal over the same asset. I wouldn’t be surprised to see similar type deals over some of the non priority Solgold projects. Solgold shares are a steal at current levels.
Solgold sister company Ironridge just announced a JV with Piedmont lithium. This will likely send IRR stock soaring. All of the ingredients exist within Solgold for a similar JV announcement just saying.
http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3674&customerKey=IronRidge&storyID=15109346