Member Info for Bannor

hmmmm years not tears...... although !?!

hmmmm if translated accurately this bit raises some concern though!

The plan provides as a security measure that ALL iron ore sold is in port or mine, and that the figures be FULLY REVERSED in investment in the project. In addition to workers, local lenders are in the payment priority plan, and within 7 years debts will be fully paid.

So another project with several tears to put money in the bank!! Happy for any contradictions !! :-/

OBS @11:40 ..... thanks for that I'd forgotten (or didn't notice) that..... does make it a little more interesting..... still I'll await an RNS rather than trying to second guess what's occurring ....

OBS 10:22 .... why do you think we would 'OWN' the port of Amapa rather than being granted permission to use/repair/develop it to extent required to service the mine / processing / loading etc as necessary.

I would imagine the 'Port of Amapa' would be state /govt owned & licensed for use by businesses / transport operators .... can you point to where it says well own the port rather than have permission to use/develop it?

I suspect there's not a lot of physical infrastructure to load oil through a flexible hose....

........ this can also be made to 'fit' the pictures, pipes & tanks everyone's getting all fizzy about ...... or maybe it's Santa's elves collecting, sorting & distributing all the good childrens pressies in the run up to Christmas.

expertdirectory.s-ge.com/data/files/Palm Oil Amanpa Assessment.pdf

Frankie, .....at this time the ticker for MacArthur Minerals on TSX (Canada) is MMS & the ticker on ASX (Oz) is MIO.

The reason it is not MMS on ASX is because that is already in use by another company (McMillan Shakespeare).

MIO May well have been selected because you can make MacArthur Iron Ore or it may have simply been the best of those available but the company is still listed as MacArthur Minerals on ASX with the ticker MIO.

However now you've mentioned it maybe they'll change the name to indicate their core commodity ..... unlike us of course who seem to have changed ours to reflect something other than our core commodities ..... although if our want my honest opinion I think they changed it to throw an invisibility cloak over our history :-)

Which I would assume will see the end of the trading halt on TSX tomorrow.

There's another 9 announcements & maybe more to follow..... probably easier if you just look yourselves if interested...

https://www.asx.com.au/asx/share-price-research/company/MIO

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02182360

Appendix 1A
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02182364

Info & checklist
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02182365

Replacement prospectus
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02182367

...... hmmm I quite liked the thought of you in those nets but hey ho all good things must come to an end :-)

Yes indeed .... preparatory works perhaps? .... maybe the barge was moved simply because the mooring was dismantled .... who knows until something/anything is RNS's.....

Goodness me...... unless someone can point to another change (please use a reference point in the site if so) the only difference I can see is that the barge that was evidently moored from the 16th Sep thru 05th Nov was no longer there on the 30th Nov.... there's no indication whether it left full or empty or if full of what, also I can see no obvious depletion of the stockpiles.....& if there is taking 2 months to load isn't very reassuring.....personally the departure of what may have been an empty or full barge, which may or may not have been organised by the operating company (could have been locals filling their boots before operations are/might/may restart at some point for all we know) if it left with anything I suspect it was general detritus .... there's nothing to say either way for certain at the moment as far as I know.

....not sure I want to get into the pile thing.but it's always nice to have a lady waiting in nets ;-)

TC @ 14:17 .... Yes they're good at that then eh!! LoL

If interested :-)
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02180757

Thanks Mrs B .... but with their track record of say v do so far - I'll wait for the RNS :-)

Obs

Yes you're possibly correct however our last investment was for 5mill shares at 52c each coupled with a conversion .... overall I don't know what our average is either but doesn't Kiran have history of basing share profits/ losses on what we bought them for regardless LOL

Yes iron ore was shipped previously those customers will alternate sources now or may no longer exist/require .... news on that I would have expected something on ... but then maybe Mrs Padovskys off sick & yes I'll believe it when i see it.

You're assuming the release of the $2.5M on approvals will result in a significant uplift in the SP - I wouldn't so sure because it also opens the path to risk & uncertainty ...I'll wait & see what happens.

That was my point TC ... the approvals still need to be got before the first tranche of money is released & the ownership transfers etc that's before we even get into starting clearing, reinstating etc etc.... all of those are on forecast/projected costs & timelines, I wouldn't think any of it on anything is a 'given' in Brazil especially under the current political climate there.... as I said I'll wait to see RNS's with confirmed approvals, dates, activities & sales before I believe it's moving further forward.

If I'm wrong I'm wrong wouldn't be the first time in my life .... although so far my track record on KDNC hasn't been far off ...

..I stopped relying on any timeframes & promises in KDNC RNS's a long time ago... I'll wait until they published confirmed dates of shipments, tonnages & customers before I believe it will or has happened...

Don't potential customers normally want samples for Q&A & also surety of on going supply ...haven't heard anything on the former & were a long way off being able to guarantee the latter..... if I was a potential customer I'd want both... or doesn't iron ore trading work like that?

Once/if we get some news on below not a lot, assuming we've got a customer not a lot ...... just need to find another $3.5M pretty soon after as well!!

Once the preconditions relating to the railway licenses and bank creditor arrangements have been met, the US$2.5 million investment placed in the judicial trust account will be released, and Cadence will own 20% of the Amapá iron ore project. Cadence's next stage of investment will be a further investment of US$3.5 million on the grant of all operational and environmental licenses for the Amapá Project, at which point Cadence will own 27%. Cadence also has first right of refusal to increase its stake to 49% in the Amapá Project.

Amapá Project Operational & Financial Plan Summary

The approval of the JRP and the fulfilment of the preconditions outlined above, will result in Cadence's and IndoSino's joint venture company Pedra Branca Alliance Pte Ltd. ("PBA") owning 99.9% of DEV Mineração S.A. ("Amapá"). DEV Mineração S.A. is the owner of the Amapá iron project. The JRP approval will also allow Amapá to start operations at the project.

Pretty much all true... ... what part of it can be proven not to be at the moment?

...perhaps all the past & present failures were intentional to allow them in at this bargain basement price ..... .... hmmm maybe they have managed this well after all for themselves & their mates ...I might have hinted at that already but it's totally unsubstantiated gossip eh!!