Member Info for Swanley

Maybe. Price of gold is irrelevant until Cascabel is producing. It just means that the DFS will (if based on more recent commodity prices) will make Cascabel much more attractive. Any bid that comes now is likely to be a low-ball p*ss take IMO.

Both Nobby and Gonzalez are pro exploitation. Besides, I don't think any candidate can dismiss the mining industry, Ecuador has crippling debt and it will need mines like SOLG's to pay as much of it off as possible:

https://www.ceicdata.com/en/indicator/ecuador/national-government-debt#:~:text=Key%20information%20about%20Ecuador%20National,Dec%202005%20to%20Sep%202024.

Cheers M1Rob, appreciating your insights here.

Wow, some one got shafted:

07-Feb-25 14:11:05 7.586055 1,500 Unknown* 6.98 7.06 113.79

Hello DBW, yes exactly, this seems to be the inference. You'd have to hope that the remaining shareholders + us pathetically small group of P.I's add up to enough to say "thanks but no". It would only take a small number of the current major shareholders to want to exit, plus Jiangxi holding enough, and the bid to be reasonable for this to potentially play out in their favour.

Interesting times.

If by chinks, you mean Jiangxi, and if this is Jiangxi buying the large chunks reported out of hours over the last few weeks - why have we not seen any more TR-1 forms? There was a TR-1 issued on June 16th 2023 for their initial 6% holding. Is this the suggestion around Business Rules (or lack of them) in Hong Kong? Or is the suggestion that there is a consortium working together to stay under the 3% threshold but scoop up the 46%?

Is this the inference of Rodders' threads around a low ball offer? If we go by high price from the last year, that would suggest a low bid of say 15p!

What's this, another 2.25m - cat's gotta be out the bag soon.

Lol cheers, I'd have stuck with a bucket of KFC

"renowned KC already on standby" sorry Rodders, please could you clarify what KC means?

I make it about 10.3m today. Not a bad volume, and increasing too. Just need Noboa to stay in to give confidence, and cough cough an update from SOLG on operations would be useful...

Volume definitely up today. Yesterday was 6m apparently and not sure if that included the 2.25m late reported trade as it was classed as 'unknown'. Today already 7m if you include the 1m purchase as 'unknown' earlier. Money flowing in due to PoG, PoS and PoC and anticipating completion of tech design shortly.

Mmmm 1m shares at 6.9p FTW!

I am actually expecting an RNS on the plans for the Thomas Cr*pper is sited, along with the opulent $45m shower facilities piped in from the nearest Hydro dam and how they're working with the community to sustainably farm and produce an endless supply of Rich Tea biscuits.

Any thoughts on why the SP is tanking today? Can't see any major reasons than a likely mystery after hours purchase multi-million purchase, that and because the SP has hit the 4H 200 MA and has been knocked down.

Price back down to c. 7p. Bets on another large out of hours buy reported tonight or tomorrow?

Late reported 2.25m volume trade tonight at 16:40. Judging by the two other trades for the same price which were a buy, it looks like our accumulator is back.

Ahh, yeah, but what's a little bit of corruption between friends eh?!...

It reads like there is an allegation that SC was engaged in corruption using some shadey FI institutions to evade tax or transfer money around to get the job done. Just like Father Ted: "It was just resting in my account there". You wouldn't believe how endemic corruption is in countries like Guyana, it's just how they operate (sadly).

I'm sure nothing of the sort would be happening with SOLG or in Ecuador........ Probably is the reason they've not yet hired a Chairman ;o)

That's the 3rd 250k purchase so far today. Someone's loading up!

Thanks Fortissimo,

Interesting that Norges have increased - they apparently didn't vote for Scott in the recent AGM if I recall that right from last week's webcast.

The Swiss entity could be someone like William Middlekoop's Commodity Discovery fund - they're invested here already and long on this.

Would we not expect a TR1 for an increase in holdings from Norges and the Swiss company?

Yeah that would be interesting. Perplexed as to why no TR-1 for the >1% purchases in the last week or so.

Selling like crazy today.