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Thank you for the article!

Anyone has access to that BNAmericas article behind the paywall?

IMHO, the 30c was a stroke of genius dressed down as a casual comment. SC cannot tell what the end game looks like if bids start coming in, but still needs to trigger the first one. Just that.

When I spoke to him he definitely did not seem to be interested in low ball offers.

Https://www.youtube.com/watch?v=bLeCuwDyEU4

Paraphrasing Eugene Lewis Fordsworthe, "Assumption is the mother of all ****ups", and this BB is well known for being full of it. All kinds of theories and permutations have been fantasized over in time only to generate disillusion and further grief. The truth all along remains that we just don't know what is really going on in the background and in some cases even SOLG's management may not really know what is going on with the counterparts they engage with.

Yep, that's sums it up.

@Novice, are you forecasting 55p by noon? :)

Well, if it really happens, that's a good step in the right direction, but IMHO, and as a disillusioned long term investor massively in the red, management has been abysmal and it remains to be seen whether those $15mln would be cashed in now or whether further dilution would be required to keep the company alive until the resource can be extracted ad monetized. I am eager to see how things pan out in the next weeks but I am not holding my breath.

GLA

Who knew that not only we would get stuck with the SOLG investment for way too long, but to make it even less palatable we would need to endure pointless arguments about any other random topic while we try to have the occasional relevant conversation.

It would be really smart, as we have suggested many many times, to simply filter the toxic ones or at least not engage with them.

Like many here, I see plenty of green posts and I am happy to be able to filter, but then I need to scroll through endless responses of no interest or relevance from those who sometimes offer a useful contribution.

Think people, think.

And interestingly enough, the areas that were the green was damaged were not damage by mining but rather by farming and livestock

It's a "green" award to Solgold for having planted 1 million trees

Entertaining post Jezzoo, and I motly concur, just be lenient on one thing. In 15-20 years time it could be you wearing the nappies and it might be a small mountain itself!

Additionally, the ministry has set itself the goal of addressing the requests for concessions that were pending before the mining registry was closed. The official recorded that in 2018 said registry was closed, but some small, medium and large mining requests remained to be attended to. Regarding medium and large mining, there were 75 pending procedures and of those, 13 have been attended to by 2023, so there are 62 left to attend to.

During this period they want to finish serving them. Regarding small mining, in 2022 37 procedures were attended to and in 2023 64 were attended to and this year a balance will be attended to. In non-metallic mining there were 78 procedures pending attention before the closure of the cadastre and 46 were attended to until December 2023; and during 2024, 32 pending procedures will be attended to. In the artisanal mining category there were 174 before the closure of the registry and 79 have been attended to. The rest will be attended to during the term of the Government.

Another project that is underway is Cascabel, managed by the company Sol Gold. Regarding this concession, the company completed the issue of its pre-contractual phase and is now going to a change of phase. In the next month or two months the project will be signed as such.

The vice minister said that in 2023 mining will generate a tax revenue of $658 million. In addition, mining exports were $3,099.13 million, which was the fourth item for the national economy. This year he would come in third place. He stated that a few days ago, during the PDAC fair in Toronto, Canada, investment intentions for $4,000 million were signed. (YO)

The government of President Daniel Noboa has three mining projects in sight that will advance at a good pace in the coming months. This is the second phase of the Mirador project, in which the pre-contractual negotiations were completed and the previous permits were obtained. This project, which is managed by the Chinese company Ecuacorriente, is the continuation of Mirador and must receive, this week, the fiscal sustainability opinion from the Ministry of Economy and Finance, in order to be able to sign the corresponding addendum in 15 days.

This was announced last Wednesday by the vice minister of Mines, Andrés Delgado, who also described the various projects that are underway. He did so during the rendition of accounts agreed by the Ministry of Energy and Mines.

Another project that is underway is Cascabel, managed by the company Sol Gold. This project presented a few days ago a new version of the study of prefeasibility, in terms of the conditions previously negotiated with the Government of Ecuador in July 2023, which confirms the economic viability for the development and financing of the Cascabel project.

The first phase of investment for the development of the project, of $1,500 million, implies an optimization of more than 40% of resources compared to previous estimates; However, the total investment throughout the project is similar to what was anticipated in the previous prefeasibility study. This approach optimizes project development by gradually expanding operations, efficiently managing costs and minimizing financial risk. It is expected that the project will produce 2.9 million tons of copper, 6.9 million ounces of gold and 22 million ounces of silver during the mine's first 28 years of life. In the next month or two months the project will be signed as such. Thus, the pre-contractual phase ended. It is within a period of six months to sign the mining exploitation contract.

For those of you interested in banning share shorting

https://petition.parliament.uk/petitions/657294/signatures/new

Wise words, rcgl2, wise words.

For those interested in broker estimates, Hannam are going to update theirs after they review the 43-101. This time not with a Jun 2024 time horizon but still it would be nice to see an uptick from the previous 63p forecast.

Volatility can be a b i t c h

He, I have patented some of this stuff 20 years ago, nothing new. The press talk about it now because ESMA made a mistake under MiFID legislation allowing dark trading where it was not supposed to.

When I exchanged emails with Mark Bristow and then I discussed that with Scott, my feeling was that Mark maybe thought I was probing him on behalf of Scott, and while Barrick were in fact considering SOLG, they could not tell and certainly did not want to give SOLG any leverage. But this is all my extrapolation.