Member Info for zoros

I'm @ the the half mil mark in shares, too. I have read-up and researched as much as I can currently and believe the following will happen:
The CC will vote in favour of the resolution presented by the "Artisanal miner" . This means it will be escalated to the next level for consideration by the NEC. By then I would expect all those in favour of the constitution surrounding mining in Ecuador to have prepared a robust case. Articles 313 and 408 will evidence the legitimacy of the mining concessions already issued.
I believe the NEC (if they haven't already been over-ruled by government) will allow existing concessions to continue without due recourse to any future restrictions or limitations.
All recent activities by the Ecuadorian government suggest ground rules for mining are being reinforced internally and bilateral agreements between neighbouring countries are being pursued. Mining is here to stay in Ecuador.

The 'set back' @ INV Metals will be repeated @ Cascabel and it will take several months to rectify. In the meantime, this stock will tread water......

I will churn if at all possible - increasing my stock and reducing my average.
Why: There is now clear unadulterated evidence that Cascabel is a Tier 1+. The giants know it and the government knows it. Somewhere down the line, it will be mined.

I remind myself that I am in this for a punt and so - am mentally prepared to lose the majority of my holdings if Solg follows the same path as INV Metals.

I'm saddened that one of the ostriches is online and is still denigrating this forum, even after everyone else is trying to make this forum work by constructively contributing.
Goes to show the level of their understanding of the big picture I guess. I can only presume it's earthing, who I filtered many moons ago. I'm assuming you have now experienced his tactics of reporting anyone who farts in his general direction!!
If I may respectfully suggest...Keep yourself logged in and when you frequent this site, the filtered remain just that....filtered. So peeaceful and doesn't get one's blood pressure up :)

Good posts today overall - moving in the right direction, methinks.

So in answer to your recent request for clues what to do:

1 Sit tight, do no research and hope for the best - The Ostrich Approach where you get what you deserve if things go wrong.
2. Sit tight after having DYOR, comfortable you can sleep at night because you feel that you have made the right decision based on ding your homework - This to me would seem a perfectly sound option and no-one can blame you for being irresonsible IF things went wrong.
3.. Sell up and sit on the side lines, wait for this to blow over. - A safe bet (even if you have taken a hit) because if ot goes right, you can re-engage and almsot certainbly gain ground going fwd, as the stock continues to climb. If it goes wrong then your stash is safe, to play another day and you haven't got to tell ther wife that your entire future has disappeared down a hole in ecuador.
4. Buy more stock as it dips - Requires lots of spare cash. Massive cojones too! These are the big hitters, the risk takers, the gamblers in society. As long as they understand why they are doing that, then good luck and a big 'five' if it recovers!
5. Churn. Sell @ 34p. Buy back at 32p. Wait for the cycle. Sell again at 32p and buy at 28p. Rinse and repeat - Risky if you are the wrong side of the cycle. Time consuming. Great way to increase your stock and remain in it.

Please can I ask all the ostriches to do their best not to ridicule these posts, they are not meant to ridicule you.....

unless you are an ostrich obviously :)

I believe that most of the key players knew this was coming as it bubbled away in the background, because of the INV Metals result 3 months ago. In fact, this result together with some exagerated Cu price going fwd - resulted in a very flat response from the markets. Newcrest and BHP (and possibly others) have known about INV metals and consequently have applied the brakes while this dispute plays out. MY OPINION only.

INV metals goes to show that even thought the government hold the high ground under Articles 261 and 438, the constitutional court still holds sway when it comes to local concerns and the court can and will challenge these constitutional laws if they deem it necessary.
Now we all kmow that probably/possibly/maybe...the CC dictat will be thrtown out or overruled by the government.....EVENTUALLY. But how long is eventually and what will happen to the SP during this period?

INV metals have suffered since they were ruled against in late March and haven't recovered since. AND THEY ARE ONLY NEXT DOOR!

cont'd...........

Interesting handle?
Big thanks for the link - another piece for the jigsaw.

I hear the ostriches LOUD and CLEAR when they keep repeating the mantra - "it will be alright on the night".
Most of me tends to agree. BUT....BUT unless one applies the most important mantra in sharedealing: DYOR, then this for most is just like buying a lottery ticket.
The more you read about what is actually taking place, the better positioned you are to make a decision that could affect you for the rest of your life....for example. There are atleast 2 people on here (both of whom have gone very very quiet of late) who have thrown their entire wealth and the kitchen sink into this stock. One of them has 2,800,000 shares in her, costing him his savings, pension and probably his marriage! IF this stock goes tits up as a result of the latest debacle - he has only himself to blame. BUT he can make decisions enroute that could mitigate his decision, if only he(they) read everything about the situation. Of course, if (and when) it resolves itself, then he will become a multi millionaire and I will be the 1st to congratulate him.

So in summary - I am NOT deramping this stock, I (like all the ostriches) believe it will come good.

The problem is this: WHEN?

So let's put on hold the result where all's well that ends well - we all want that.

Let's talk about options en route, to that end result, because if decisionsaren't made (enroute) then you only have yourself to blame if in fact the decision to ban mining in this parish is ratified and Solg pull out and your share becomes a penny share for good.

cont'd..................................

Firstly, I am not a deramper. I am a LTH and wish to continue to invest in Solg for a while yet.
All I want to do is attempt to put across to those PI's out there who have been here a while - a balanced overview.
This 'attempt' by me is in response to a small cluster of 'Ostriches' who only ever want to hear one thing - that this stock is going to make them very rich and nothing is going to stop them. I gather from this, that they haven't been in S and S for very long, because it is a very very rocky road indeed and not one to be treated lightly.

So for every post which makes silly overblown downright unbelievable comments, I will attempt to offer a more realistic response. That way, those PI's on here who loiter in the background, looking for snippets of background and relevant information - will have a more balanced overview.

Padmaster - kudos. Another deep dive by your good self into relevant data, thank you.

BUT...and sadly to say, it is a very big but..... INV metals lost the referendum exactly 11 days after pushing out the statement you have flagged up.

This link below shows a flurry of activity from INV metals after the protestation was launched by a dissident group against mining. Even though legal advisers counceled in favour (citing National articles 261 and 438), the company ultimately lost the referendum (adjudicated on) by the Constitutional Court (see INV metals March 25 press release below).
INV metals had to move aspects of their operation out of the affected region, consequently.

Most notably, if you look at the INV metals SP chart - post this result, it went into decline and has not recovered since.

Has anything changed (nationally) since March 24th, one asks? Will there be a repeat pervormance on June 24th, in the case of SOLG?

How does the CC and NEC have so much power over the government?

https://www.juniorminingnetwork.com/market-data/stock-quote/inv-metals.html

[Scroll down to: "Latest Press Releases"].

Assuming the worst outcome for Solg @ these 4 parishes in the North of the country, I wonder whether the problem might follow Solg to their southern Porvenir sites?
That being the case, it is not nor can it be the remit of the CC therefore, to make a decision on behalf of the whole country.
QED, this surely will go to the next level. One where the decision to mine nationally, will be revisited and either supported or revoked.

Your 1702 post. Where's it say that JW's vlog was dated - 10th Dec? I missed that. I can only find 10th June on the metatag?

Spotted.
IF one was to assume that someone's holdings are still in this stock, there is nothing to lose and everything to gain by churning as this individual has done. In this instance it earns him/her either more spare cash (if they held the same number of shares) or more shares, which is what I did last week. The reason why it is a no brainer is because IF Solg is doomed by the decision, then he/she will lose most of their existing stock anyway even if they didn't trade. If Solg rises from the ashes then their holding is bigger.

The ones with Cojones - are those who buy EXTRA stock on top of what they already have, as the SP continues to drop - "who dares wins"......

Time to chill now, eh? Let's try and debate this stock amicably and honestly - after all, what;s the point of trying to score points over anyone? What is one's agenda?

can't everyone be kind, polite and honest. This board would be muh the better for it. For the same reasons cyber bullies get away with it, why do so many posters make a big fuss of their holdings when (a) we will never meet them in real life to congratulate them and (b) we don't give a f-u-c-k.
If you have 1000 shares or 2.8 million shares in this stock, who the hell cares. Why not simply tell it as it is and carry on hoping dor the best. Why does someone's willy always have to be bigger than everyone else's? [Excepting Jenny11 of course who is a mutant anyway}.
Why don't we now all declare our holdings? (I dare you).

It's Anna from SOLG........

You should see the LLOY forum!! Brexit has completely destroyed it.

What's going on here by disrupter(s) is an attempt to break up the back slapping, incestuous, in breds who only want to hear what they want to hear. Ramp ramp ramp.......
I forecast that if there is a breakthrough next week, we will see a tsunami of messages beginning and ending in:
whoosh, wham. hold tight, BANG, Glad I held my nerve, Glad I bought zillions @ 25p. I knew everything would be just fine.
This forum is dominated by 4 or 5 sycophants who think they own the joint.......

Only my opinion of course.......heh heh.

So let's talk SOLG:

By next friday, the CC will almost probably respond with a "maybe". We can then prepare for the referendum in August ish (not sure which year though!).

Xray, DBW - is the ********* talking about me? I filtered the low life many moons ago and I guess he's now having a ball attacking me in my absence.

Anyone care to enlighten me as to whether it's worth my attention?

Hopefully if it is who I think it is - he will report the contents of this message to the administrator and have it removed, bless hs little bruised ego :)

What's this about my zillion shares I have or haven't sold?

When fracking was found in Lancs by Cuadrilla, the locals kicked off and even the council attempted to bar its activities but because it was a national issue, the government simply gave permission for it to continue, in the interests of the nation.
I know what you're going to say......

but on the other hand the government have now stopped all fracking on the site because a trremor of 0.5 on the richter scale was observed. [0.5 richter is the equivalent of dropping a sack of cement onto a hard surface!].

I wonder how much 'clout' the Constitutional Court actually has when things get heated?

I think we're in it for a wee while yet, as stated before...atleast until August+ if the CC agrees the question has merit.

why would a doctor ignore a nurse in the corridor for 48hrs?

I thought patients were on the trolleys?

sorry, yes 800 people.

One also assumes, that a lot of 'local parishioners are in some way shape or form, benefitting from the income generated within these operational drilling sites etc?
Their future prospects can only imp[rove if the green light is given to underground mining, yes?

Thanks for the clarification, I thought it would be much longer than August ish. I suspect the giants will be happy to sit it out 'till then before deciding if the future is "orange" in Ecuador!

TheItalian. I think the applicant would need just 10% of the population of the 4 parishes that are under review. The population in total, of these 4 parishes is 8000+. So 80 signatures.

I see in the record of the meeting, Manuel Meneses Ibarra actually told the panel/court that he was a "miner who cheated", for a living!!! You couldn't make it up.

The mining minister clarified at the behest of the court that this parish had been given national rights to mine under very strict environmental and pollution laws, so it was unconstitutional now for the local neighbourhood to ask for a change to the law.

The rep from the parish stated he didn't want a change to the law, only for the local inhabitants to have a say in the mining practices going on in their community.

They then all went down the pub and got pissed. :)

On Wednesday, Wilmer Manuel Meneses Ibarra presented the following:

"....Do you agree with the mining exploitation in the territories of the communities settled in the parishes of Lita, Carolina, Jijón and Camaño, Goaltal ?..."

The Constitutional Court will have 5 days to present its opinion on the legality and constitutionality of the question. Nothing more, nothing less. It suggests that the court will not make a binary decision. I would argue that it will therefore pass the buck to the next level. This is where the stocks SP would erode.
Obviously, the longer this drags on - the more likely it is that the big boys exit Ecuador and look elsewhere.
Solg would then return to AIM status.

But - the world and his dog is preparing to box this issue off and ensure everyone is singing from the same hymn sheet.

What can one learn from this seminal moment:
Unanimously reports from all quarters have confirmed that Cascabel is the real McCoy, whereas before this debacle, sporadic and bland news clouded the issue. The PEA did nothing to light the fuse.
NM was forced to offer up a defensive RNS which cleared the air for both PI's and MM's.
The shares have been temporarily re-rated and for some this offers enormous potential.
The Ecuadorian government and most communities are overwhelmingly supportive of their new mining industry and are keen to make it work.
Their Constitutional Court suggests that freedom of rights and respect for their people is alive and kicking, which bodes well for their fledgling democracy. This will provide stability to approved industries going fwd.

Keep the faith.......