Member Info for TheItalian

Https://www.jornada.com.mx/notas/2023/08/22/mundo/indigenas-ecuatorianos-celebran-prohibicion-a-actividad-petrolera/

Https://www.vistazo.com/enfoque/proyectos-mineros-impulsar-desarrollo-comunitario-CL5782224

Just been published, just one mention of Ecuador and one of SOLG in the footnotes, plenty of other copper-related investments elsewhere. Just for the background....

https://www.londonstockexchange.com/news-article/BHP/bhp-fy2023-results-announcement/16092464

For as much as I would like to see a higher price, I doubt that we will go beyond the 30-40p range. I would love to be wrong of course, and get the big sale followed by the 60ft sailboat.

Luca, do you know how to use punctuation, or for that matter, how to actually write? Then we can approach the topic of what you write.....

Between the two, there is a description and analysis of the deal with the government and it's given as a fact that SOLG will build the mine and start paying royalties from 2025. To state that must imply there should be a path to funding otherwise SOLG could not commit, but that's just my guess.

Given that we already know that SOLG is not affected by the Court del8beration about the environmental consultations, it would seem that the only thing missing is the 2.7-3.0 bln to build the mine, hence the strategic review that should reveal how Cascabel will be funded (buy, jv else).

But this is the fundamental question we have been hoping answer for years to get our exit.

So, all in all a good report of progress but not one that moves the dial decidedly.

GLA

Https://www.youtube.com/watch?v=GsCkeP1gvVY

Https://www.youtube.com/watch?v=qEcDesbDwXk

...if you take the 0.12/lb average of all deals, or half if you take the 0.06/lb average for non production assets, equal to 0.488 price

Based on M&A valuations posted in that article, Cascabel alone (including copper, gold and silver) should make SOLG share price worth around 0.975, not shabby if we can get anything remotely close to that.

I don't see so much contradiction to be honest.

The intended strategy has never changed in my opinion, as in let's tell the market we are going to develop but of course if the right offer comes through we will consider selling.

What has changed, gain in my opinion, is that where NM went for the bigger resource numbers in order to attract the prospective buyers but did not actually advance the project because he overestimated the buying interest, SC is doing the practical things that had to be done in order to make the project sellable.

Of course they want to sell and monetize, but equally until a buyer shows up they need to advance the project in case a different financing solution needs to be put in place.

Plan A and Plan B have never changed in my opinion.

BHP and NCM have been privy to restricted information in the past, yhey don't need to be on the current DR.

I thought it was fairly clear that "advancing" Cascabel meant bringing the project to a state of readiness so that plan-A we could sell it, or plan-B JV it, or plan-C do it ourselves at great cost and dilution.

The negotiation with the government and the updated technical plan for extraction are two of the most critical aspects that hopefully the strategic review will clarify.

In the current state of affairs, no buyer is understandably in a hurry to show a bid, and this will remain the case for as long as we insist on trying to obtain full value for the shareholders; I believe NM lost that bet at least 4-5 years and we have little leverage to force a higher price, especially as we cannot afford to get into 2024 without an agreement.

The only smart and fast option to monetize is to negotiate with those in the data room for a reasonably low price. The price will only get lower as we run lower on money.

2023 is the make or break year I think.

Which WAS the case for Jiangxi.....

sorry for the typo

Snowman, companies and people operate under NDA when they need to discuss information that is not publicly available, which was not the case for Jiangxi. If you look back at the press release dated 23rd November, it is stated that Jiangxi have agreed to buy their many shares "subject to the completion of due diligence". The material they evaluated may or may not be the same that you and I have access to, however it's great that they were satisfied and proceeded with the investment.

Now, if the conversation is about selling SOLG or spinning off parts of it, there are other more strategic considerations like private conversations with the Ecuadorian government, the deeper know-how and the current R&D about the resource and how to extract it, other NDA-covered conversations with other interested parties, possible partnerships, all things that would not make it to us via an RNS but are very material for someone who will invest many millions, THEN we are in the domain of the "live Data room" I asked Scott about and he was kind enough to answer in a rarely straight manner.

So, long story short, you can bet that at any given time there have been people talking to SOLG under NDA as all companies do, BUT the live data room is a different animal and if there are multiple parties active in it, then it's a good sign, and IMHO it also tells us that there is some critical content that needs to be sorted, most likely referring to the topics mentioned in slide 5 of the June presentation.

My best guess is that the topics listed in the "Advancing and derisking Cascabel" are the hot potatoes that any incoming buyer wants to see sorted out before putting a bid in.

Having filtered all of them anyway, I seem to enjoy a better experience on this BB, you lot could try and do the same. It would benefit everyone.

I will join that party, been looking forward to it for 6 years! If you source the mermaids I will pay for the beers!

If I had to stay in my fantasy world and attempt a positive view on such a pointless investor meeting, I might even speculate that it was deliberate because a buyer in the background is trying to mop up as many share as possible at a low price, before the corporate event is announced at a higher price. But I trust that this is pure fantasy, I am just deflated really.

Ouch, this is such an own goal, dull, uninformative, and utyerly pointless....

Realistically the presentation will be uploaded AFTER Scott has gone through it at the investor meeting. I would not stress about it.

Rather, just fantasizing, I wander if the price is being walked down in preparation of the meeting, to later show a positive response to Scott's presentation. Just a fantasy out of boredom really, all mining is down and we are no exception.

GLA, let's hope today the dial gets moved a bit!