Member Info for zoros

hi paddy.
Sprott still cover GGP....

https://sprottetfs.com/sgdj-sprott-junior-gold-miners-etf/#holdings

Goldman Sachs warns Covid-19 Vaccine Approval Could Upend Markets
By Cormac Mullen 6 August 2020, 01:42 BST Updated on 6 August 2020, 04:59 BST

Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc.

The increased probability of an approved vaccine by the end of November is underpriced by equity markets and by that time the result of the U.S. election will be known, wrote strategists including Kamakshya Trivedi in a note Wednesday. Investors will also know how the start of the school year will have impacted the spread of the coronavirus, they said.

Approval of a vaccine could “challenge market assumptions both about cyclicality and about eternally negative real rates,” the team wrote, adding such a scenario may support steeper yield curves, traditional cyclicals and banks, while challenging the leadership of technology stocks.

If this happened along with a change in the U.S. administration, emerging market equities could benefit “if trade policy risks diminish while U.S. tax risks rise,” according to the note.

Newtwit - I just read the last 574 of your posts (heh). I have failed to find one that contributes towards the knowledge base on SOLG. You simply post miscellaneous useless data (MUD). Have you anything of interest to say or are you here because your lonely?

Another reminder @ 15 minutes in - re the potential value of the gold resource:
https://www.youtube.com/watch?v=Q34v4V_Fxds
Z

Quady, you're getting senile. Look at what you posted at 1251:

"....Zoros, you really must start listening to the webinars, this was covered a long time ago. Yes ENSA includes the environmental permits, and just as important the water permits. If you remember in the presentations, we took ages to get the water rights. But this was resolved some time ago. Again please listen to future presentations, much better, to listen to them, than comment on the comments on this chatroom..."

WTF does any of this have to do with what I had posted? I was talking about Cornerstone and their woes (environmental licences etc). Where have I mentioned solg having licencing problems?

You constantly re-iterate that I need to watch the same effing webinars over and over and over again. Which webinar talks about cornerstone operating illegally - I'll watch that one, just for you.
Stop drinking your Chateau Tap and concentrate for a little longer than 1 Parsec. xx
C'mon I know your old but you haven't quite lost it have you?

My apologies Ice - ENSA it is, not enami. Thank you for that.

Maybe that is why Cornerstone is a poison chalice to bidders other than SOLG - because of the precarious position they hold in Los Cedros?

A quote from the link:
"... Meanwhile the mining company Cornerstone Capital Resources, despite overwhelming opposition in the region, continued exploration within the protected area, in direct contravention of the court order and without the appropriate permits..."

And a quote from the Ecuadorian Government:
"...In Ecuador, there are various areas that are considered protected, mainly for environmental conservation. The referendum held in February 2018 amends the Constitution and establishes that the extraction of non-renewable resources, including logging, in protected areas and urban areas is prohibited under any circumstance.
Notwithstanding the above, it is important to clarify that within protected forests mining activities can be carried out once an environmental authorisation has been obtained. The specific environmental authorisation will depend on the mining phase of the concession...."

Is Cornerstone acting illegally then? Do they have an environmental authorisation?
How does this sit with SOLG having an 85% share in ENAMI?

RCGL2 - you talk absolute sense!
Good to see the wood for the trees!
Z

Minute 15 of the video

With the PoG @ $1900, here is a reminder of what could be in store:

Note: the PoG figures on the chart should be in $ and not £:

https://www.youtube.com/watch?v=Q34v4V_Fxds

Z

I take my hat off to you Padmaster - always the deliverer of fresh unique news on SOLG. Good to hear. BZ

Z

FJNRSY - So let me get this right: You grasp at any scintilla of news that might propel the SP fwd after months of festering - from a poster with 1 post to his/her name?
You don't want to hear or read about what is going on in the background if it remotely smells of or looks like trouble.
You too, it seems, wish to interpret the political scene as ominous and therefore casting a dark shadow over your precious investment. Is it anxiety or nervousness like so many on here?
It is what it is....remember this is Latin America - where anything can happen and it is usually ruinous.

I'm a pragmatist, I prefer practicalities rather than ideals. So I look at and listen to all aspects to 'colour' the picture. It isn't all rosy.

For the Nnnnnth time and in response to your comment and that of Quady's (bless him, he is doing well with his posts), here is my position:

Joined SOLG as an investor just as the Romans came to power, or just after maybe. Bought all the way up from 7p, 10p, 13p, 29p, 41p (that was when SOLG was on fire - remember that period (around 15th century I think).
I have been @ 500k shares averaged out @ 26p for some time now (pre WW1). That is why I am here.
I could not envisage under any circumstances wasting precious neurons on this febrile cluster of sycophantic followers here at solg towers if I was not invested. Could you?
AND in summary, I reiterate: I will see this sloathlike stock through until either it sells out for 50p or more at takeover. I've come too far to sell short. My new baby is now GGP.
A warm breeze, good company and G and T awaits me.
Enjoy life and live long FjMPY.

Thanks Colonel - appreciated as ever.
I guess the question in the boardroom currently (at the majors office) is: "By the time Covid in Ecuador is sorted, the GE will have been and gone. Shall we wait?

Colonel - when someone responds and makes it personal ("you sound like a deramper/you've lost the plot etc), I think of two things:
1. That person is of limited intellect.
2. That person is nervous.

Some people (you are the 2nd on this subject of 'politics i Ecuador) who prefers to interpret what I said rather than what I actually said.

So read this MORE SLOWLY, please. Can you do that for me Colonel?

I didn't say a major is too frightened or won't buy into SOLG because of the politics. I said WHEN 'might' they buy in. They might decide to dilligently wait until after the new government takes control.....just in case the Mining Cadastre as they currently know it, is curtailed, delayed or terminated. WHO KNOWS?

Please don't misinterpret what I said.........please try harder.

Quady - more research and less time asking your broadband provider for more bandwidth may go a long way to expanding your knowledge base, methinks:
Ergo - Correa LIFTED the mining embargo in Ecuador which had been implemented by the previous government. Correa opened up the country to mining. In fact, in 2010 he had his police open fire on anti-mining protestors so that the mining policy could go ahead. Don't get me wrong - the man was as corrupt as one could get but he tweaked the conscience of the poor people in Ecuador who worshipped him. He threatened foreign oil and mining companies that if they didn't accede to the government owning a large proportion of their companies, he would close them down. He lived to rob the rich and give to the poor. This is what kept him in power.
At the peak of his power in offi ce his popularity rating shot up to 70%. In contrast, Moreno's hasn't surpassed 26%. Moreno is still the head of a deeply corrupt institution but atleast he is trying to assuage the west because he knows he'll get a smoother ride and this is why the jury is STILL out regarding mining rights et al.
On the one hand he wants the wealth that mining and oil will bring Ecuador (guess where some of that ends up?) but on the other hand he is not totally isolating anti mining protesters.
This is causing (at the very least) delay, possibly even investment going fwd.

Hasn't anyone here asked the single most obvious question? Why hasn't Ecuador opened up to mining YET? (Properly I mean - on the same scale as Peru and chile for eg). Why is that????

It's not all negative, the IMF are making progress and modern leaders are smelling the coffee (their own brand apparently!!) and the country will 'get round to it eventually' but FFS hurry up lads eh?
Personally - I can't see anything of interest happening with this stock before March next year after the GE dust has settled. It'll stay around 30+p till then.

Now if that isn't tempting providence....... :)

Miagi - thanks for your reply.
The PFS is out end of 2020 followed shortly thereafter by the DF (and possibly even a BF after that!).
In Feb 2021 the GE takes place.
So I reiterate - will they buy out / JV before or after Feb 2021?

Johnpeel - your link don't send you to the guardian?

Miagi - er, no?

Novice. Damn. you too?
Firstly I accept, given your history on here, that all you want to hear is the good news - I understand that, especially if you have overstretched financially in this stock.
So you haven't let me down there.
What disappoints me is that you 'prefer' to assume that any less than fantastic news is 'not quite factual' perhaps?
Sorry to have to tell you, son, but everything I have posted this morning regarding the political angle @ Ecuador.......................is fact....not conjecture.
I know it's hard to accept, but this is real life, not cloud cuckoo land which is often the case on the SOLG thread.
Never mind...only another 7 years to go

Sorry to have p -i - ss -e d on your chips at lunchtime.

Miagi - Hi. Happy weekend to you.
It's not what I said, is it? Go back to the subject matter...inwardly digest and then decide whether you fully understood what was written or that you preferred to interpret it to fit your response?
Z