Member Info for smickster

Let's hope its at least the same level of valuestones raise.

Add it does look as if bhp,ncm will be given a chance and my guess is they are already around the table.
I'm guessing valuestone will be back too and looks as if they are concentrating on Porvenir.

Unless I'm reading this wrong alpala looks to be funded for 1 year without the extra 50m drawdown.
Regional 9 months at full tilt but with the ability to scale back.
Probably best to wait until April or May when the world will be flowing with new cash before a new raise unless bhp, ncm are prepared to pay a fair rate?

FINANCE
At 31 December 2020 the Group had cash and cash deposits of US$91,155,242.

During the six months ended 31 December 2020, the Group capitalised US$24,599,115 of expenditure on the Alpala
project.

Planned expenditure for next 6 months
Cascable $31m
Regional $21m

85-24 =61 ring fenced for alpala
30 left for regional at circa 3.5m per month (roughly 9 months)

Hopefully 2nd round not as close as that.

Oh dear, expect fireworks in Quito this weekend.
On the plus side let's get Arauz v Lasso on the agenda.
All round good day what a difference a week makes.

Dbw there is plenty in here to like :-)

Hi Colonel

It could be i guess.
But it could also mean with fnv extra 50m we are funded 15 months at 8m a month(until March 2022) with 20m spare for a great big f3cking xmas party.?

Colonel

If alpala is burning $4m a month we have to assume they have $52m for (looking at the $8m per month figure)regional as they have stated they are funded until March 2022.

I think he is referring to the fnv 50m.

Oh yeah
A big thanks for shareholder support in agm.

Otc there is much news it can't all be great.
I'm thinking this is they way it will be reported from now on.
Largely positive all moving forward.

Funds until March 2022( raise in next 12 months)
FNV extra 50m extended for 4 months
Chillanes has returned better results than any of solg prospects.
Porvenir camp 112 people- Chinese funding porvenir.
91m funded

Not really Colonel as the win for Perez is that Arauz does not get in.
Perez has backed Lasso before in the last election.
With regards to Cuenca referendum I'm sure you already know but the greens won.
Cuenca is fed by multiple waterways so is a Victory for Perez but will have no effect on Cascabel or Porvenir.
Get back in buddy before this kicks off.

Four days after the first round of voting in Ecuador’s presidential election, a turnround in the race for a spot in an upcoming run-off has prompted indigenous candidate Yaku Pérez to cry fraud and raise the prospect of his supporters taking to the streets in protest.

Pérez is locked in a knife-edge battle with rightwing businessman Guillermo Lasso to make the decisive run-off in April against leftist economist Andrés Arauz, who won the first round comfortably. Pérez pulled ahead on Tuesday, opening up a lead of 50,000 votes — but by Wednesday, that had evaporated.

After edging ahead by 5,000 votes, Lasso claimed victory, even though he acknowledged 350,000 ballots still had to be counted.

“This afternoon it has become clear that we are in the second round,” the millionaire former banker and ex-Coca-Cola executive said in a video posted on Wednesday, adding that he accepted the challenge “with profound humility and a great sense of responsibility”. By Thursday, his lead had increased to 18,000 votes.

Pérez and his supporters were livid. Hundreds gathered outside the regional headquarters of the National Electoral Council (CNE) in the city of Guayaquil, where votes were still being counted. Many had come from the country’s indigenous heartland in the Andes mountains and wore traditional dress. They waved the rainbow flags of the Ecuadorean indigenous movement

My comrades have been calling me from all over the country, asking me ‘what should we do, should we go out on the streets, should we block roads?’” Pérez told the Financial Times as he marched towards the CNE building and demanded entry. “I’ve said ‘no, please, peaceful resistance, let’s be vigilant’. But I’m worried.”

Ecuador’s indigenous movement is relatively small: one study in 2018 found that 7 per cent of the country’s 17.4m people identify as indigenous compared to 24 per cent in Peru and 62 per cent in Bolivia.

But it is vocal and well-organised. In 2019, thousands of indigenous activists descended on the capital Quito to protest against fuel price rises, joined by radical urban leftists. The city was convulsed by 10 days of fierce clashes with the police in which at least eight people died. The government was forced to back down and scrap the price rises. Indigenous communities have also waged successful campaigns against oil extraction in the Amazon basin.

After launching his bid for the presidency last year, Pérez has become the face of the movement, although polls suggested he had little chance of winning.

Born in a rural parish in the mountains of southern Ecuador, Pérez was known for most of his life as Carlos Ranulfo Pérez, but changed his first names four years ago to Yaku Sacha. Yaku means water in the Quichua language while Sacha means forest. He is campaigning to become the first indigenous leader in Ecuador’s history.

Aged 51, he has been an environmental activist for two decades. He has long opposed mining projects in the Andes and fought to protect the water rights of indigenous farmers.

“The central theme of his fight is against mining and in defence of water,” said Alberto Acosta, editor of Weekly Analysis, a local economic report. “If he gets in to the presidential palace he says he wants a referendum to ban all new mining projects, although during the campaign he clarified he wouldn’t shut down existing projects.”

Arauz, who claimed nearly a third of the first-round vote, has the backing of the country’s former president Rafael Correa and advocates interventionist leftwing policies. He has pledged higher taxes for the rich and an increase in public spending to reboot an economy that shrank by about 7 per cent last year because of coronavirus. Aged 36, he is bidding to become the country’s youngest president

https://www.google.com/amp/s/amp.ft.com/content/7e6dbe61-81c5-4b1a-a0ed-9aa5b05bf830

The central theme of his fight is against mining and in defence of water,” said Alberto Acosta, editor of Weekly Analysis, a local economic report. “If he gets in to the presidential palace he says he wants a referendum to ban all new mining projects, although during the campaign he clarified he wouldn’t shut down existing projects.”