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The doldrums are long and depressing. But not as long and depressing as this chat right now!
Hello peeps
COYSOLG! One public sniff… it’s all locked in my SIPP. Accepted it’s a waiting game, tick tock. I’m still confident of (another) chunky return
Agreed Grimbergen this site is a broken flush left to dwindle in the hands of a few pathetic posters these days
ONWARDS AND UPWARDS!!!
Yes, agree Grim and Novice.
Whilst most good people will have the clown(s) on filter, his (their) disruptive troublemaking can still be seen - either through responses from non filtered posters or by accessing the board without logging on.
His (their) goading gets ever more desperate to provoke responses as more people ignore the bait.
Very sad.
In August, Ecuadorians will have to choose between indigenous peoples and the environment and billions of dollars in economic revenue, with two referendums set to determine the fate of oil and mining projects in key parts of the country, Mining.com reported, citing Reuters.
The South American country would lose 480,000 barrels a day of oil production if it voted to halt oil and gas production at Block 43-ITT in the Amazon region's Yasuni Nature Reserve, while the Quito local referendum would end Mining in the forest area of Choco Andino, involving 6 gold tenements.
Environmentalists and communities near the site say a ban on mining is necessary to protect nature and combat climate change. As far as the Yasuni vote is concerned, it can protect some of the Waorani indigenous people who like to be clean.
But those in the oil and mining industry say Ecuador's struggling economy needs the industry's support, which could lead to illegal mining and deforestation.
Outgoing President Guillermo Lasso called early elections after Congress tried to oust him, but the country failed to boost oil production and attract more as violence and social problems worsened. Multiple mining investments.
If both referendums pass, his successor will face a complicated financial situation.
"We want to keep the territory safe and healthy. They promised health and education from oil extraction, but we haven't seen anything, there is no development here," Ene Nenquimo, indigenous Waorani leader said in an interview with Reuters. "Government sees only trees from their desks... but we live here".
According to Ecuador's Environment Ministry, the Yasuní region has 650 tree species per hectare (2.5 acres), more than in the entirety of North America, as well as hundreds of species of birds, mammals, reptiles and birds.
Voters appear to be leaning toward yes in both referendums, according to surveys of clients by Santiago Pérez, head of pollster Clima Social.
"I think as people get more information and learn more about Yasuni and Gioco Antino, they tend to vote yes," he said.
Ecuador's national oil company, Petroecuador, said the Yasuní referendum would cost the country $13.8 billion in lost revenue over the next 20 years.
The company’s director, Ramon Correa, told reporters in mid-July that a maximum of 39 wells per platform were deployed in the ITT block to minimize land footprint.
"This park has been protected to the maximum extent possible," Correa said.
The other two blocks in the area are not affected by the referendum result.
Former President Rafael Correa had to approve the development of the ITT field after efforts to raise funds from the international community in exchange for a ban on development failed.
Cont ……
Despite technological advances and improved conservation, oil development in Yasuni still has an impact on the environment and threatens the lives of residents, including those who voluntarily stay away from the town, said Pei from environmental group Yasunidos. Pedro Bermeo said the group had been pushing for a referendum for 10 years.
"They told us there would be no roads, no power plants, no open fires, but now the impact is huge," Bermeo said.
Although no specific time frame was given, Yazunidos said an eventual complete shutdown of the ITT block could avoid 400 tonnes of carbon dioxide emissions.
Petroecuador claims that there are no open flames burning in the area, and that it covers only 0.01% of the protected area's 1 million hectares (2.5 million acres), the roads are environmentally friendly.
**The halt to mining will affect $1 billion in investment over the next two years, although a major project at SolGold in Australia is moving forward, according to the Ecuadorian Mining Association.**
Mining was Ecuador's fourth-biggest export earner last year, with exports worth $2.8 billion, after oil, bananas and shrimp.
"It would be immoral to terminate an industry that creates many opportunities because of unwarranted fears," said Maria Eulalia Silva, president of the Ecuador Mining Association. Potential to stop animal trafficking, illegal mining or logging.
But residents say mining threatens high-altitude wetlands, water and animals such as spectacled bears.
"Mining creates water pollution, extraction and destruction of the soil," said Morelia Fuentes, a resident of a small farming community in the forest. "We are fighting for a healthy life."
The most interesting thing about the article for me was its original format …… traditional Chinese
https://m.in-en.com/finance/html/energy-2257456.shtml
Riches within our reach DBW !
ONWARDS AND UPWARDS!!!
Padmaster, having posts removed, changes nothing. Its as I said. Saying far more about you than me. It alters nothing
Then surely by that argument you needn’t post your 10 a day posts highlighting how we are all wrong here in investing and holding and what a poor prospect Solgold is yes ?
Some people can't help but to get sucked in by the tool. Just ignore the ballbag and get this board back on track.
I have saved myself from the tripe on here and only see green boxes.
Funny how only threads with needless-tripe get removed. I now get disappearing green boxes.
When you say back on track. I will get my bs deflecters out. And bear in mind you was sucked in, with your secret source???????
Hi Aquinaga, hear hear. We should (all of us) report him for goading and disruptive behaviour (I have). If admin choose to ignore us....I'm prepared to just walk away and forget this board. LSE are just to weak to deal with these kind of eejits!
Good luck to all the decent folk amongst us.
And you walking away will restore a bit of credibility back to the board. So please don't hesitate.
Good to see some of the paid derampers are working whilst on leave... Their output has definitely flatlined which is quite funny
How much do you get paid Kalneedabari, for each response to your infest-deramp clown comments?