Member Info for zoros

Come to mummy

f I feel tomorrow like I feel today,
I'll try again anyway.
What's to be but what's to lose,
There's too much haze, too much snooze,
I sleep it off,
This heavy cloud,
The break of dawn. I win. You lose....................

It's a sell guys. Sorry.
Little bit of shorting going on, methinks.
But I could not possibly comment?

Small acorns - bought at 31.3p actually.

Nice dip in them thar charts.......come to mummy.

It is a small niche isn't it. Who would you target as an ostrich, pray tell?
Thank you for enriching this forum too, old boy.....

Look again....

400k shares sold around lunch time ish today hence the price drop from 1.13 to 2.29%. (well it did go someway to shorting this little fella, I have to agree). Now who was that then?

Pbow - thanks for all you background work - appreciated.
I have gleaned from doing my own research, the following:
There have been 3 applications by the CC about locals moaning over environmental issues (mainly quality of water) and everyone of them has resulted in shutting the operation down temporarily while matters are 'resolved'. As you mentioned, the Rio Blanco one is already a year and counting. INV Metals is moving their kit out of the parish which will cause significant delays due to the vote going against them and the third was over a year ago but the company slips my mind..... SOLG is the latest. So, again, I very much believe the application to the CC will be successful which will mean a hold on ops until it is resolved - and this is the problem, if shareholders simply can't wait months or even years to get the show back on the road again.
To 'balance' this bad news (to keep the ostriches happy) the government has recently issued a consititutional declaration on mining in favour of existing contracts and future responsible operations...so this "may" tip the balance in favour of SOLG.

If the vote goes against us on Friday, I expect SOLG: 15p. If it goes in favour of us...38 to 40p the following week.

Out of interest the previous chair of the CC is awaiting sentencing for corruption and there are a number of vacancies on the panel...
The previous president (Correa) had occasion to overrule the CC on some of their decisions, even though he wasn't allowed to!

Try this:

The background
Helpful......
https://www.elnorte.ec/carchi/visitan-proyecto-de-mineria-legal-GM394800

Not so helpful......
https://www.elnorte.ec/ibarra/ratificacion-de-irregularidades-en-cascabel-alerta-a-observatorio-YD432724

Supportive.......
https://www.elnorte.ec/ibarra/la-mineria-no-es-posible-sin-licencia-social-JD432748

Just enter the link into google search and click on "translate this page".

I think it's worth remembering the difference in attitude between westerners and Spanish colonial latin americans to try to grip why this referendum is happening at all.

But apart from all that.......I'm right ain't I?

https://www.business-anti-corruption.com/country-profiles/ecuador/

https://www.upi.com/Energy-News/2019/01/04/Ecuador-audit-finds-25B-lost-in-oil-infrastructure-corruption/9981546603653/

Oh dear, read the last 2 para's:
https://amazonwatch.org/news/2019/0110-ecuadors-corruption-hangover

https://www.occrp.org/en/component/content/article?id=6444:ecuador-s-massive-cocaine-seizure-hints-at-country-s-growing-drug-trade-role

But let's continue to big the country up and pretend all is sweetness and roses - just so we can grab as much wealth as possible from them eh?

Westerners and their money eh - it's a religion........greed greed greed.

I repeat -
to my knowledge, no country has ignored an opportunity such as this to make their economy great. This will come good. There - that is my ostrich statement!
Seriously, it will be resolved for the benefit of all the ecuadorian people and not just a few unemployed illegal miners looking for their 15 minutes of fame.

BUT

everyone needs to understand that there is a risk that this issue could, just could ...drag on and on for bloody months and in that time the SP will, at best, languish and at worst - become a penny share. If one has time on their hands, then the risks lessen slightly.

The other problem that exists is that there are a hardcore of posters on here, who refuse to face reality and prefer to blunder into the dark hoping all will be OK on the night - and then advertise it to everyone continuously ....berating any post that even remotely suggests that life isn't that rosy at the moment for miners in la la land.

By all means make +ve noises about the best outcome but you don't need to sugar coat it and pour honey over it and then lambast someone because they won't buy it.

There are lots of gullible investors watching this stock - atleast allow balance in the conversation.
Allow both sides to a story. Then everyone can weigh up the situation enabling them to make a calculated decision.

back slapping there, guys. The Ostriches are back flocking about stuff they don't understand but hedging everything on hope. You couldn't make it up!
Take a look at Ecuadors history. They were 'dissappearing' their political opponents only 19 years ago. There have been countless coups. Their GDP is smaller than dozens of billionaires in britain FFS! They are a backward nation struggling to surface into the sunlight.
Remember this - they do not think like you or me. They are latinos, look at the dodgy neighbours: Peru / Columbia.
In Peru, 21 of their 25 regional governors have been imprisoned or arrested for corruption. As for Columbia....guess what their favourite pastime is?

So stop suggesting:
"It'll be fine".
"Surely common sense prevails"
"They will be shooting themselves in the foot if..."

They don't think straight which is why they are where they are FFS!

The question raised by the local parishioner is - do the locals have the right to question whether mining should happen in their backyard? That is a very ubiquitous question, isn't it? And do you think the CC are going to respond in the negative? Of course not dumbo. The CC will make a fuss over promoting human rights and come back with: "Yes we have decided the locals have a say".. Whoopee, that sorts that then let's get back to business - NOT.
It will then mean a further debate over "shall we have a referendum then?" And the NEC (or CNE) will come back and say: "OK then". And this will then go national and the effing ecuadorians will debate this till the cows come home. And before you know it......there is a general election in feb 2021. A Sandinista government takes over and farms......wait for it Coca plants to compete with Bolivia and Columbia and all the locals get to partake in it making millions for everyone!!

On the other hand, Anna can pop round and have a chat with the CC and slap their wrists and tell 'em to stop pissing about because a handful of Ostriches want their stash to buy cocaine!!!

You really need to smell the columbian coffee amigo.

Concur.
These are piddling amounts, pocket money for a PI or director topping up.

Though block caving would on face value appear to be less obtrusive to surface or open cast mining, the consequences are still significant to the visible eye.
Block caving by its very nature, causes subsidence over a large surface area directly above the block caving vicinity itself and outside of this cone of subsidence is a fracture radius which continues to subside to a lesser degree for some time after block caving has ceased. The whole area is unfit for human occupation by indigenous communities for years.
I am sure the CC will have been briefed on this and taken it into consideration but reading between the lines of the opponents to mining who want a referendum, this anomally doesn't seem to have been raised; their concern is focussed on the effect mining will have on the water table, it seems. Fingers crossed, then.

Must be very lonely coming on here talking to the remaining 4 people!!
I only have one on my list!

Now two.....heh heh heh....

Simon, you are a disgrace to your peers - no room for homophobia in your generation, I'm afraid. Those ideals went out with the older gen and the ark.
Reported and hopefully banned too. Bye !

Trouble is...where else is Solg as big as this outside of Ecuador? No-where really. They seem to be piddling around outside Ecuador!
So if Alpala is put on hold, so too will all mining in Ecuador for all comapnies be put on hold until this referendum is sorted!

As I said before, common sense dictates it will be alright on the night, the problem is.......how bloody long will it take to resolve? I'm guessing months if not years! remember there is a GE in 18 months, so why not kick this decision into the long grass until then!!! Remember, they are Latinos, not london business people!!!

Many thanks.

Grimbergen - you might not agree with pussywhatsit but why be so vitreolic?

The background
Helpful......
https://www.elnorte.ec/carchi/visitan-proyecto-de-mineria-legal-GM394800

Not so helpful......
https://www.elnorte.ec/ibarra/ratificacion-de-irregularidades-en-cascabel-alerta-a-observatorio-YD432724

Supportive.......
https://www.elnorte.ec/ibarra/la-mineria-no-es-posible-sin-licencia-social-JD432748

Just enter the link into google search and click on "translate this page".

I think it's worth remembering the difference in attitude between westerners and Spanish colonial latin americans to try to grip why this referendum is happening at all.

Problem?
Read my history from day 1.
Trust me - it's a punt.
I gamble with much more in my day job. We're not all like you perhaps?

Sorry to hear you're still bitter N.......Anything constructive to contribute?

Quality find - merci.