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Not sure where you assumed my average from (ironic) but it ain't 9p.

I find you quite an interesting specimen. At once obsessive, but also Teflon to new knowledge.

Novice, both those things are true. As I say, I'm not investing any real money until we hit the bottom.

I can only assume you're obsessed because £90k would be 3 years wages for you?!

Argentina exports more than twice what Ecuador does- it has a significantly larger presence on the global stage. It's more of a known entity.

None of that matters though, bbg. If you're happy with your dwindling investment, you do you. I will do my best not to tell you "I told you so" when I'm proven right for yet another year (to add to 2020, 2021, 2022, 2023, 2024...)

Meanwhile, my actual investments are ticking along nicely this week, but I won't be risking any dividends here just yet #drypowder

No, bbg, they won't. Filo is not in Ecuador , and doesn't have the same issues with permitting and infrastructure. I would ask if you want to make a bet but it sounds like you have, and you're underwater as a result. Me, on the other hand, have plenty of free capital to buy in once this hits the bottom.

I wouldn't want to be left holding the baby here, watching my shares lose huge value as dilution pinches. Be very careful.

It's a telling insight into the company, and the rampy narrative constructed on this board, that no drilling has happened at Tam. There are a lot of first time, small scale investors here pretending to be knowledgeable or big time. They've never understood the glacial pace of development, and they seem to be expecting a charitable major to swoop in and pay their mortgage well before a sale is likely. Imagine a company like Jiangxi or BHP explaining to their shareholders why they bought a company so far from production for anything more than a few hundred million? They won't be able to justify the billions some here are dreaming of until solg is a lot further down the long, long road to development.

Said it in 2020. Still true now, and in 2027.

Don't think I said anything about funding to production?

We don't have funding for production.

Nice try though. You'll get there little buddy 😀

Market has your answer if you're wondering whether:

A) yesterday was a flash in the pan against a more logical fade to lower prices

B) there's any excitement about baby steps towards production we don't have funding for

Welcome back, slug. Don't be so hard on yourself

Where are all the chart monkeys today? What happened to the rocket emojis? That 'boom' was shorter than a bezos space flight... And as expensive for some fools eager to part with their 'Cash'

It isn't there when I Google it, jezz.

If you keep pushing Quady it will definitely look like you're trying to bully a guy who displays all the usual traits of fixed thinking etc. If he raced a clio RS trophy or didn't, what does it matter? Solg shedding a load of the excitement of yesterday, so there more churn at these low prices that will annoy all the one-share wonders who are underwater and have averaged down from the mid-30s (whilst claiming to be trading 😬)

There are now an awful lot of shares in the hands of people who will keep rinsing a 10% swing, hence this is now pegged down. Nothing to do with the manipulation they blame for their failure to follow the guidance of sensible posters here.

That's not what I got, jezz. I don't think the 182 cup was 100kg lighter. The trophy might have been, and the shocks for that (with a remote reservoir) are quite expensive to refurb. Reckon Quady has you here pal. That's not to say I think he's a racing driver, I just think he's baited you in to pretending you've got one over on him.

Imagine losing to Quady when he's locked in peak ASD defense mode? Embarrassing doesn't cover it.

I read nal's post, then yours. One seems to be exposing the ridiculous predictability of the regular characters here... The other is an unhinged rant based on a fantasy the poster has concocted as a comfort blanket to cuddle when their clown idols are exposed again.

You do you though, chap 👍

Christ you're dense.

Not 8.7p range, obviously, otherwise I'd be underwater like you chumps.

For once I agree with slug - any oxygen you're getting is wasted.

Sorry you didn't get it right this time. There are plenty of actual fantasists on here you can enjoy winding up, but you won't get a rise from me because I'm seeing blue 👍

I'll time the next raise and make more. You'll always be a jealous school kid with all, one might only imagine, a tiny... Investment.

Go play elsewhere, novice 👍

As I say, your inability to read must be one of the causes of your frustration.

If you read what I posted, it says I bought a few at ~5.7p

I have also said I own a small hedge against a rise of about £100k

Those two things are not the same. I did not buy the shares in hold in case of a sudden rise this year. You've created a narrative in an effort to make me look like a hindsight fantasy trader. There are plenty of those here, but you've embarrassed yourself here.

No if you stop posting nonsense, I'll stop embarrassing you. Remember, it was (once again) you who wrote to me this morning because you thought you could show off. Once again, I have shown everyone you're a fool.

Do I have to remind you again that I didn't buy £100k of solg this year?

You're tapped mate. I realise that being think must be a burden but the inability to read must be particularly hard?

Still, nice profit to sell on and by again when cheaper 👍 This rise will fade as the others have, and I'll get in for less once again. You can keep the ice cream for one of your victims

But 8p less good than 6p. You'll get there 👍

I think they have to have such an offer before they can confirm it, bbg. It's a bit of a cart and horse situation. 👍

Maybe. We'll see. For the sake of the company I hope it is announced soon, otherwise this gets very serious very quickly. We'll know before April is out whether this is salvageable, or heading for a big print.

If there is a change of government I think it's highly unlikely this will be ratified as a priority. I agree that the constitutional court are not likely to force a full assembly vote in order to ratify, but anyone who thinks this will be quick hasn't been watching Ecuadorian politics.

So questions remain about how long solg can stretch out their current cash in the absence of the second tranche.

Second Tranche: $33.3 million (expected in 2025) will be available upon certain conditions precedent being met, including, but not limited to, the execution of the amended investment protection agreement, completion of the geotechnical drilling, and finalization of the tailings storage facility ("TSF") design sufficient for a minimum of 10 years of operation and prepared in accordance with applicable requirements.

Not much news on any of the other conditions, either, but some of them are more within our control. The government haven't signed and ratified the IPA (they may not announce signing it in the run up to an election, but there hasn't been a ratification, of that we can be sure).

The political landscape will likely be very different come next week, whoever wins the presidency. So ratification will almost certainly be delayed, one would assume for a while.

My question remains, what do solg do when the small amount of money they got for over 5% of the company runs out?