Solgold Share Discussion Threads

[greenelf] 23/9/2020 09:12

NM is doing all the right things. The market will be dragged along by upcoming events.

[pob69] 23/9/2020 08:45

Jason Ward roundtable with René Ortiz Minister of Mining 1st October Solgold SOLG $SOLG $SOLG.L $CGP #cascabel #ecuador

The Future of Latin American Mining

[bspgamer] 23/9/2020 08:38

Have a look at EEE it?s about to start drilling for gold not far away from GGP on the 28th. 7 million market cap and 1.25 million in the bank. Also got huge assets in Georgia!!

[mirabeau] 23/9/2020 08:37

Yes, but our price is heading downwards and the volumes are pathetic. What can Mather do to inject interest in SOLG?

A T1 asset and yet there's about as much excitement at a wake for Stalin

[greenelf] 23/9/2020 08:34

Thanks pob :)Comments? such as.. "What planet is this man from?"He he

[pob69] 23/9/2020 08:24

Kitco News video with Cornerstone's CEO, Brooke Macdonald.

Good to be reminded that 50% of Cascabel targets have not been drilled.

I was amused at the comments below the video....

[goodgrief] 22/9/2020 23:43

News BitesCornerstone Capital Resources looks ahead to a fall trigger eventhttPS://www.kitco.com/news/2020-09-22/Cornerstone-Resources-looks-ahead-to-a-fall-trigger-event.html

[gisjob2] 22/9/2020 18:34

Huncher,
Looking for issues where there aren't any.

[huncher] 22/9/2020 18:31

My pre posts were as trying to understand how politically strong the gov is. Are they in a position to change this or does constitutional court have absolute say - this has
echo's of Brexit.

[mknight] 22/9/2020 17:45

6 trading days left to PFS if on time .

[lowtrawler] 22/9/2020 17:37

I've been hoping we might have a contributor with more local legal knowledge to explain the position. I have done some basic research but hope to be proven wrong. In the unfortunate event I'm correct, it will mean almost all our sites will be a challenge. Their obsession with local referendum means activists can easily put up obstacles to progress.Please, someone correct me.

[arcadian] 22/9/2020 15:40

"We are in blood so stepped.................." and must be patient. Anything can happen..

[huncher] 22/9/2020 15:34

So a bit like getting rid of the Lords or our own SC - turkeys and Christmas springs to mind.

[lowtrawler] 22/9/2020 15:18

Arcadian. Ecuador has a constitution and the constitutional court exists to ensure central government don't exceed their powers.When looking at the details. The Constitution allows local communities to control their waterways and as all mining operations impact waterways, it gives local communities power over mining licenses. Whether we agree that parish councils should have that power or not is irrelevant as the court have decided that the Constitution does give them that power. I understand there is no ability to appeal the ruling and only a change in Constitution can alter it.

[arcadian] 22/9/2020 14:55

Low

Agreed

The seminal and secular issues involved in Ecuador`s future make this too big for parish councils and FNV`s imprimatur carries a lot of weight. We may not get any view from SOLG as I get the impression they consider themselves insiders, such that their interests would not be in danger.

[lowtrawler] 22/9/2020 14:26

Arcadian, although there were local attempts last year to block Alpala, there now appears to be strong local support and so I don't believe there is any real risk to our flagship project. I'm sure FNV would have drawn the same conclusion. I also think the constitutional court has returned a surprise decision with the rest of the court system siding with central government. Thus, the risk might not have been seriously considered.The risks are with our regional development sites and so I would be interested to get a corporate view on the impact they expect. Perhaps it only applies on granting the mining licence and has no implications for drilling licences, extensions or production?

[lefrene] 22/9/2020 13:22

Huncher, they have a left wing government now, so I don't think elections are too much of a worry. Plus I guess the Ecuadorean's know only too well the situation in Venezuela, and won't be in any haste to follow suit.

[huncher] 22/9/2020 13:11

When are the next elections scheduled here?

[arcadian] 22/9/2020 13:09

lef

The FNV DD and investment are reassuring factors given that this is their speciality.

This issue is not new and will have been taken into account when considering long term commitments.

[lefrene] 22/9/2020 12:57

I doubt the government would brook local courts trying to obstruct miming where drilling has already been granted. The mining industry would just pack up and leave, you can't invest huge sums in exploration and preparatory work, without certainty of progressing to extraction. The government can't leave it to effectively a parish council to decide things of national importance to the economy. FNV would not be backing this venture if they had any reservations about the path to production.

[lowtrawler] 22/9/2020 11:58

My main concern isn't about new licenses as I think we already have enough to keep us going. The issue will be about extensions, drilling licenses and production licenses. We only have 4 drilling licenses at the moment (maybe 5 with the Rio Amarillo workaround). Most of our licenses will need an extension. We will also need licenses for production. This court ruling appears to require local support for these to be granted, taking the power from central government.

[lefrene] 22/9/2020 11:29

It would seem that the government has the authority to grant mining licences, but can only do so if the tribal areas are willing to have mining in their territory. Over time if tribes belatedly decide they want the benefits of mining, one would expect the government to charge them for granting a licence. But in the meantime it's still a snails race at Solg, even with all the permits. If this is a country in a hurry to start mining, I'd hate to be in one that was anti mining.