The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
..... the administrators will be exercising authority over the day to day running of the business, assessing & taking decisions on the viability of its recovery or otherwise.... this being by court sanctioned/approved activitiess.
DEV is not currently 'owned' by anyone it's like taking your unwanted dog to a home & saying you can't cope, manage, afford to look after it anymore, surrendering your ownership & rights over it & leaving it with them .... the home will look after it for a while & try to locate a new owner but ultimately if they fail in that they may destroy it unless they see the possibility, potential or value in holding it for a future New owner/recovery.
That's all that's happening here but on a much larger scale because various other parties have a comparable registered claim on its Skin, collar etc......
The dog isn't worth $300m though.
if the banks won’t settle... and i mean won’t... ever... who owns it then...
Anyone know what the banks want? If its a bit more money then surely the increased value of the Iron ore would allow that.
Right now no one is benefitting from the stand off.
@tomcat - I would assume that it is for the courts to decide:
a) Make the banks unsecured creditors. Move the project along.
b) What they did to Jindal Group. Make it available for another investor to attempt a rescue.
Here as it is the banks dragging their feet, as per the RNSs, logical thing from the courts is option a. But then again, we don't know what'll the courts do.
My bet is on option a.
:)
@Evans - One of the court documents said that different banks want different things. Some want payment upfront. Others want a different payment plan. This was a long time ago and my understanding is that we are way past this stage and there is a unified agreement between the banks.
But only those on the inside of this deal will know what the requirements, agreements and disagreements are at this stage...
I for one can only assume unless we see something stating a better picture.
So 45k tonnes is now $9m gross?
i don’t think it is to be honest cause... the courts approved the jrp already... can’t we just waive this outstanding condition on to the next dipb financing stage... get our 20% ownership and get the project moving proper... (jrp clause 5.1... sub clauses 5.1.1.3 & 5.1.1.4)...
@tomcat-14
You raise an interesting possibility there. If I were making that call I would want to have the rail concession in place first though...
that’s not on the dipa todo list... https://www.lse.co.uk/rns/KDNC/reinstatement-of-railway-concessions-at-amap225-mwx7s7pw5st4ftd.html ...
@tomcat - Yep. That is true too. They can always take the 20% and take out the possibility of option b..
@tomcat-14
My mistake. Not sure how that dropped off my radar.
So I agree with you, they could waive 5.1.1.2(v) and get things moving. The fact that they haven't, suggests they have good reason not to?
@tomcat/tradecraft Have you seen the recent videos where a party of local people walked
the whole length [180 metres] of the railway? This gives an insight into the present condition
of line and rolling stock.
After 10yrs of neglect/vandalism a sobering prospect to rehabilitate to a working rail link.
Will take a considerable time irrespective of cost.
what like... give them time to award themselves a raft full of cheap options... that having been done now... we need to see a re-rate... and these values reflected in our sp asap... so we don’t get another opportunist like ganfeng doing one over on us... times up...
risk : $2.5m (paid for already)... reward : 20% amapa shares secured via our jv co pba...
Here ya go @ivybush: So far into the journey can be found here.. https://www.youtube.com/results?search_query=cia+north+filmes
Some of the jerky camera woork send your eye funny..
the small labour credits are to be paid now anyway... from the profits from the 1st shipment... except we’re not getting our 20%... i’m no longer comfortable with that... i see no reason why we should let the banks drag this out any longer...
Food for thought..
https://www.diariodoamapa.com.br/cadernos/politica/porto-do-povo-de-santana-cessao-de-terreno-garante-comeco-das-obras-com-emenda-de-randolfe/
The space will be a standard structure of the federal government for the passenger and cargo terminal, called IP4, and is located in the commercial area of ??Santana, with entrance via Rua Rio Jari.
///pushes.closer.elated
The last 3 episodes have been dire, can't get on the track for undergrowth.. episode 11 just released so will
watch it later
https://www.youtube.com/watch?v=WS9GqRfmDFk
///boating.fade.savings
Is that a new platform in front of our private port
Not sure what you are looking at @MrsB?
///boating.fade.savings
Partly finished refurbished pontoon ?
No I’m being told it’s the old one now broken up .