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Haha I so hope you stupid enough to be shorting this :-)
Process: 50300.011981/2021-47
Party: DEV MINERACAO SA - IN JUDICIAL REORGANIZATION IN JUDICIAL REORGANIZATION (06.030.747/0003-30), ZAMIN AMAPA BRASIL SA, PEDRA BRANCA ALLIANCE PTE. LTD.
Summary: Request for transfer of corporate control. Approval subject to the settlement of debts. Judgment: Having seen, reported and discussed these records, the Directors of the National Waterway Transport Agency agree, gathered for the 511th Ordinary Meeting of the Collegiate Board, held on 10/20/2021, for the reasons explained by the Rapporteur, in: I - acknowledge and grant the application for change in the corporate control of the company ZAMIN AMAPÁ BRASIL SA, currently named DEV MINERAÇÃO SA, holder of Adhesion Agreement No. 91/2015, to the company PEDRA BRANCA ALLIANCE PTE. LTD, controlled by INDO SINO TRADE PTE. LTD. AND CADENCE MINERALS PLC, under the condition of settlement of debts with this Regulatory Agency within a period of up to 30 (thirty) days after the completion of the corporate reorganization.
This is fantastic news @EV. Thanks for sharing! Feels like a box ticking exercise now. ;-)
Great news again, what’s still to tick off ?
Nice find. Cue the corporate reorganisation. This is happening and sooner than the market believes.
Probably need an EGM for that….
Well I think the KDNC guru title has changed ownership - great news @EV_Bull - how will this look at 7:00AM better still 8:01
Just as I hoped outside trading hours!
lol @jimb2. Still a few more boxes to tick yet! Though this is obviously quite significant. ;-)
@observer842, has to be an RNS?
Well it's certainly possibly @jimb, but there are many steps towards us taking 20%, some we get to hear about others not so much...
@EV_ This is just the comfirmation of your recently shared findings 8 or so days ago.
" resumption of operations at the terminal"
for once I partially agree with you booobla, I did perhaps jump to conclusiions, only my holdings or a least the ones I purchased as a top up have been declared, so I'm open to be ridiculed when the the opportunity arises grasp it - and your position is?
you won't say because you can't face people knowing why you are so bitter, seems to go right back to David Lenigas.
Seems it's consumed you, very sad.
@MLQ published today
https://www.jusbrasil.com.br/diarios/1153809890/dou-secao-1-28-10-2021-pg-51
Indeed @EV. Pretty much confirms what the EGM is for doesn't it? Or does it need spelling out ;-)
Party: DEV MINERACAO S.A. - IN JUDICIAL REORGANIZATION IN JUDICIAL REORGANIZATION (06.030.747/0003-30), ZAMIN AMAPA BRASIL S.A., PEDRA BRANCA ALLIANCE PTE. LTD.
Summary: Request for transfer of corporate control. Approval subject to the settlement of debts. Judgment: Having seen, reported and discussed these records, the Directors of the National Waterway Transport Agency agree, gathered for the 511th Ordinary Meeting of the Collegiate Board, held on 10/20/2021, for the reasons explained by the Rapporteur, in: I - acknowledge and grant the application for change in the corporate control of the company ZAMIN AMAPÁ BRASIL SA, currently named DEV MINERAÇÃO SA, holder of Adhesion Agreement No. 91/2015, to the company PEDRA BRANCA ALLIANCE PTE. LTD, controlled by INDO SINO TRADE PTE. LTD. AND CADENCE MINERALS PLC, under the condition of settlement of debts with this Regulatory Agency within 30 (thirty) days after the completion of the corporate reorganization, under penalty of loss of effectiveness of this authorizing act; II - notify the National Secretariat of Ports and Waterway Transport about this decision, in order to assess the convenience and opportunity of keeping in force the Adhesion Agreement No. 91/2015, since the recommendation contained in item IV of Judgment No. 154-2020-ANTAQ, in view of the potential benefits associated with the resumption of operations at the terminal; and III – inform the interested parties about this decision. The Rapporteur, General Director Eduardo Nery, Director Adalberto Tokarski and Director Flávia Morais Takafashi participated in the deliberation.
I think this adds a lot more detail than we knew last week @MLQ.
Haha exactly.
Let me try @Obs:
An extraordinary general meeting (EGM) is a shareholder meeting called other than a company's scheduled annual general meeting (AGM).
i knew it…
Knew what Tommy?
knew it was it…
Clear as mud then —-
for pba to have corporate control over dev… they would need to own dev shares… wouldn’t they… the confusing bit is why the nwta would acknowledge and grant this… maybe they have been controlling dev previously… as a principle creditor of some sort… hence why they have given us 30days after transfer… for dev to specifically settle it’s debts with the nwta… it’d be a coincidence if that’s about $3.5m…
Thanks tc, it’s been quite a revealing day one way or another..
*principal… (left in charge)…
Exciting times ….
This is good news. Share price should react positively.
.... there are those here who should know better than to engage with idiots (unless it's purely for sport & a wind up of course as I'm occasionally wont to do myself :-) )
but regardless the mention of Cadence/Indo/PBA as taking over control & management in court issued documents is no bad thing ... it appears to be happening & seems to be a WHEN now & no longer an IF .....as it has for some time in my opinion ..... but that as usual is only my opinion :-))
Morning most :-))