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@Frankie - You may still be able to fly to space, if commercial space travel comes to fruition, in a scale that is affordable for more than the select few. :) There is always hope.
https://mobile.twitter.com/eyeguy_one/status/1295779086330146820
I hope everyone on Twitter that follows me piled into the stocks that I bought over last year as I posted. They can’t be all winners of course but 90% of what I bought now are substantially higher than when I bought them. A lot of multi baggers in there despite placings. Part of a pump and dump team? No. Just research research and more research and after years of trading got a keen eye for a good stock
Ha ha ha MUFCM. You are filtered but I did check to see what you have to say.
Never held RRL- despite you said I was part of the pump team. My biggest winnings past year are COPL- entry 0.08, VAL 3.5, VLS, 3.5, EUA 0.9, NCYT- 40p
I think all have indeed issues placings - after all that’s why shares exist on aim and to some extent main market yet you accused me of being an insider dealer on all of these stocks somehow.
So tipping all these as part of a pump and dump team. Hope you are all holding the babies from these stocks as you would be tens of thousands up now. You can all check my twitter feeds as to what I have held.
You need to catch up MUFCM- the iron ore shipments here have nothing to do with Pandora’s box, Gordon Bowden, the Loch Ness monster or lord Lucan. The Brazilian courts have sanctioned shipments to start which the will. The groundwork has been put in by Dev and kdnc which is logistics and the product is well known in China to have a buyer.
You are just annoyed that I didn’t attend the meetings you Organised for shareholders to try and reclaim losses against BODs and for working out your scheme. Guessing there is less commission for you now boy.
LoL @Frankie - if I shared your disposition I'd steer clear of AIM and be quite happy letting my fund manager have all the fun! Additionally, although I'm very confident of a very decent rise on further news, I'd be a fool not to take some of the investments I'd made in the 3p's off the table after a 4-5 multi-bagging, as although it seems nailed on, nothing ever is. We've borne the risk in the 3's, and I'm happy to offload some of it in the mid teens. Not a lot mind you, but some! As you are probably aware - there will be many others doing the same: it's a sensible investment strategy IMHO. I'm not suggesting you do this, just you should be aware other will be. Fortunately it is transpiring that the strength of those wanting in for the (potential) next leg up is outweighing this de-risking! Long may it continue. Oh, and the recent increase in iron ore prices has shifted my next de-risk point into the 20's, all things being equal of course - i.e. pre-news, similar iron ore prices. On news all de-risk points are cancelled, and let's see those wanting in scramble for shares! ;-)
Ob
@Frankie - we won't move it all before shipping starts for a few reasons: there is not enough space, and it costs to store at the public port. We intend to ship ~3 lots of 45kt per 2 months - so that is the rate we need to transfer to the public port - once it gets started. I can't see our port being completed before we have shipped all of the ore stored at the private port, from the public one.
@Frankie - as to your other points: it's not us, as in KDNC that is moving the ore from the private port to the public one, it's DEV. Once certain conditions have been met the plan is to transfer 99.9% ownership of DEV to the JV we currently own nothing of, and at the same time exercise our right to claim 20% of the JV, releasing our $2.5m in escrow. Page 13 of the corporate presentation:
https://www.cadenceminerals.com/wp-content/uploads/2020/08/Corporate-Presentation-KDNC-JUL-2020-PUBLIC.pdf
@Frankie. I said may, because there is clearly iron ore at the public port, but it's possible it isn't ours - though others might beg to differ. Either way, it's small in comparison to what is at the private port. Since you appeared to be questioning whether we had moved *all* of our ore from the private port to the public port I thought I could answer that aspect at least: we haven't moved it all: we may have moved a small amount.
@LoL EyeGuy - I love your optimism. Though I think I'll go with my $100-$125m as estimated earlier:
Ob@16:54
=====[
According to:
"Approval of Judicial Restructuring Plan - Amapa" (30 August 2019)
https://www.lse.co.uk/rns/KDNC/approval-of-judicial-restructuring-plan-amapa-i427sb3g1b3sys4.html
===[
An independent survey of these stockpiles indicates some 1.39 Mt (+/- 10%) of iron ore in three stockpiles with an average Fe grade of 62.12% (+/ 10%), which based a US$80 per tonne of 62% Fe would net Amapá a forecast US$60 million net of costs.
]===
which means at today's spot of $127/t, and all else being equal, the project would net:
$60m + ($127/t - $80/t) * 1.39Mt = $60m + $65m = $125m
In some presentations that $60m was reduced to $30-40m, possibly because the shipping costs were perceived to have increased, though that was questionable, so perhaps $100m is more realistic? Either way, it's a LOT towards debt repayment and CapEx!
Ob.
]=====
LoL @Barksy. I thought you were a detective ;-)
https://what3words.com/about-us/
If we extrapolate those figures then should be looking at circa $150 million from the stock pile which would pretty much pay for the capex of the main mine. And that would be incredible
Shipping I work out to be probably just under $17/t
Reported that the 1.39 million tonnes brings in $60 million. That was at $61 iron ore price.
$44 net profit per tonne makes the figures work @$61/t fe price.
I think we moved some of it .... someone will correct if wrong ....
Obs can you give me a clue ....
I don't know where the "may" went: "We *may* have a small amount of the order 5% sat at the public port waiting to be shipped"
@Frankie. "Did we move our stockpile of iron ore, from our port, to the main port?". Not according to the latest satellite images. We have a small amount of the order 5% sat at the public port waiting to be shipped.
Off topic!!
True, obs have you seen who wants to become a board member and has released a RNS saying he wants backing to expand the application and is now very likely going to ask for a meeting under aim rules.
You can ping me a DM @gmx.co.uk if you wish,
Apologies all not KDNC related
@Barksy - Found a suitable 3 word combo? ;-)
@MLQ. I've never seen anything close to what we are talking (45kt) dock there. Have you?
@jimb. LoL. That's another one of AIM's much maligned shares that could go ballistic if the BoD pull their finger out and properly update the market to what has been, and is going on!
I found the mine .... I just followed the railway!
In that case then,,, Pier 2 is totally free for the forseeable...
Obs, Stirling work, always worth a second look so not to miss anything!
In addition to the gap until the 28th, looks like a gap between the 9th and 18th of September to me.
Can only go with whats published
Regno Marinus 28 / set 03 / oc Amcel Amcel Lachmam Eucalyptus FORECAST 45,000
TBN CARAMURU 23 / set 28 / set Caramuru Cianport TBN SPC FORECAST 28,000
TBN CIANPORT 18 / set 23 / set Cianport Cianport TBN Corn FORECAST 35,000
Santiago 06 / set 09 / set Cianport Cianport LBH Corn FORECAST 18,000
@MLQ. That page seems to lag this one:
https://serveporto.com.br/macapa/
Both have a gap between now and 28th August...
look at september