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Nailed it.
What's your take Observer?
It seems like the real deal to me.
"Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded"
EVB .... from memory the courts had previously requested that a specific person be removed from the process who they felt was holding up/delaying &/or not doing what they should .... appears to me that this could just be a recognition that a replacement has been appointed.... of course I could be wrong as well & it might be something else entirely ..... I'll wait for the RNS's or something a bit clearer but each to their own research, understanding, opinions, assumptions & choices eh .... :-))
Morning, all.
What's the date of that latest court extract?
Cheers.
Mac (not 69)
1041359-79.2015.8.26.0100
Class
Execution of Extrajudicial Title
Subject matter
Mandate
Forum
Central Civil Forum
stick
40th Civil Court
Judge
Paula Velloso Rodrigues Ferreri
MOVEMENTS
Date Movement
06/07/2021 Certificate of Issued Publication Relation :0194/2021 Date of Availability: 7/6/2021 Publication
Date: 7/7/2021 Journal Number: 3313 Page: 773 to 785
05/07/2021 Submitted to the DJE
Relation: 0194/2021 Content of the act: Visas. Page 256/258: Take note. I register the new administrator of Zamin Amapá Mineração Ltda so that she can take note of the present event and receive the publications. Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself. Lawyers: Osana Maria da Rocha Mendonça (OAB 122930/SP), Tiago Ravazzi Ambrizzi (OAB 236645/SP), Edgard Silveira Bueno Filho (OAB 26548/SP)
02/07/2021 Only expedient
Visas. Page 256/258: Take note. I register the new administrator of Zamin Amapá Mineração Ltda so that she can take note of the present event and receive the publications. Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself.
.... & of course it maybe an appointment & the assignment of a specific task for completion .... isn't assumption & second guessing fun!!!
I'll continue awaiting an RNS.......
bannor… what exactly is it that you’re waiting to do… once you see this rns that you’re waiting for… sounds like you’re on the blocks ready but don’t want anyone jumping your start… lol…
nonesense Bannor: It specifically mentions "approval of the recovery plan". Why the pessimism?
Hey TC ... Nothing spectacular I've got blocks of 10k (market size) shares lined up to sell at various trigger points (or in one lump if the price is right) .... assuming of course that the RNS does what everyone hopes it will.... the rest I may hang onto & see how it plays out over time.... That's all
I've been here too long EVB ..... seen people bouncing in spouting off, shouting, telling us & ramping heroicly on various projects that it's all about to explode (ask Obs!!) only for it to fall apart .... not saying it's going to repeat on Amapa - but I'll wait for the RNS anyways thank you
LoL. You're both right. But after the RNS will be too late for big buys IMHO...
Obs - I've got all I want & need ..... no more buying from me just waiting for my trigger points to sell is all ... but I'll keep that 50/60k tucked away as discussed to warrant my continued presence on this board....
Part of me wishes I had your restraint @Bannor! But if this comes good I don't want to be kicking myself given the vast quantities of evidence, circumstantial or otherwise that is pointing towards this deal closing soon. I've decided the odds of it closing favourably are now close to 100%, it's just a question of when. You know, the old AIM opportunity cost equation. No doubt we'll have those who sold earlier this year turning up letting us know how they made profit elsewhere whilst us losers were waiting on the never, never here. Yes, this strategy works. Until it doesn't... LoL
The way I read the below it's consistent with the view that the JRP case will concluded imminently.
https://www.jusbrasil.com.br/diarios/1135006996/trt-3-judiciario-06-07-2021-pg-3593
3. In view of the manifestation of ID 78c40e3, wait for 15 days to verify whether the Plaintiff's credit was excluded from the Defendant's judicial recovery plan DEV MINERACAO SA In due course, notify the 2nd Defendant and KPMG CORPORATE FINANCE SA, Judicial Administrator, including by e-mail (omendonca@kpmg.com.br), to express themselves in 10 days.
Any bets on a decision tonight?
MOVIMENTAÇÕES
Data Movimento
14/07/2021 Conclusos para Despacho
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase: conclusos para despacho
English translation: ready for decision
Update:
Certificate of Issued Publication
Relation: 0726/2021 Date of Availability: 14/07/2021 Date of Publication: 15/07/2021 Journal Number: 3318 Page: 1155/1157
I would expect that's meaningful to some.
Not sure if anyone saw it (too busy praying?) but Dev are appealed to overturn a judgement from 5 years ago. I genuinely think this is another step forward if you read in to the details.
The one about allowing sale of $6m of ore? Too complicated for me to unpick what they are appealing against, if indeed they are...
I think it’s just legal paperwork removing the roadblocks ready for the big one.
What makes you think that? Are you sure you aren't just wishful thinking? Not trying to be negative, just you are better at reading/understanding the court movements than me! :-)))
I can’t see any other reason for it, could be to ship more ore but I’d expect that to be a new appeal just my personal opinion.
If it is about shipping more ore in the absence of the deal going through imminently (nothing is certain), they may have decided that appealing an old case was simpler/quicker? Hopefully you are right, but it sure would be nice to know exactly why they have decided to this at this time! Maybe the hoard will be forthcoming in time... Presumably you read the timeline of events nicely summarised?
It’s possible Obs not ruling it out, but surely if the banks are sorted it wouldn’t matter and if they weren’t they would object and drag it out? but just have to weigh the balance of probabilities there tied in to the other evidence, all may be revealed soon on that one I think.
I am monitoring the hoard as I’d expect it to be updated fairly frequently now we’re at the sharp end. I have looked at most at least quickly and the most recent stuff in detail. I noted the expectation of how many weeks from before.