Member Info for Cause17

@Maddog - True. lol. Hope it doesn't head there.
I am still mad at @MLQ for the deramping lol

@MLQ - Apologies to you though. I meant to apologise yesterday. I assumed your gender without knowing it. Sorry.

@Maddog - I disagree. There are significant holders here who won't sell at those levels. Before the speculations, situation was the same. But price didn't break below 10s. Not an expert. Just my view. :)

@Moonglow - AF's is jointly liable for labour debt for labour contracts that were in place prior to 11/18/2013. In a passive role I think. If Zamim/Drv fails to pay the labour debt then liability passes over to AF. AF don't have any labour debt due for the periods prior to sale of the mine to Zamin.

That is my interpretation of it.

"Therefore, considering that the business succession occurred on 11/18/2013, it is necessary to conclude that the liability of the embarantee is limited to the labor credits corresponding to the employment contracts in force on that date, even though they are labor rights subsequent to the succession."

@maddog - Oh......tide problems or other reasons?

https://www.jusbrasil.com.br/diarios/324309317/trt-8-judiciario-28-10-2020-pg-978?ref=previous_button

Long read

@Tomcat - As per @MLQ, initial delay was in ore being delivered to the port, by trucks...

Thank you @Masterbaker. I think maybe at @MLQ's predictions. Lol. I think he didn't account for your efforts/magic/charm when calculating his figures.

@Maddog - Year - Tonnes Processed - Iron Ore Produced - Sold
2013 - 812,013 - 700,857 - 470,340
2014 - 806,082 - 693,714 - 524,645
2015 - 0 - 16,038 - 47,815

These are the figures.

My understanding is, there is wastage during the processing of raw material mined and it looks like not all raw material mined are processed in the same year as there is some that were produced in 2015 but no mining took place.

So if we just take the difference between produced and sold , it must be somewhere near what they have left to ship. Of course I have no clue on depreciation..

@Obs - True. Lol.

Apologies again @Obs. Lol.

@maddog - You need to add the 2013 differences too. That is in excess of 200kt.

@Barksy1 - I think it is Tucano.
https://www.anglopacificgroup.com/royalties/amapa-tucano/

My figures are a bit different @maddog.

@maddog - I think this time around trucks were used for transportation of ores. But before the port collapse, they were using the railways.

https://www.eldoradogold.com/assets/operations-and-projects/south-america/operations/vila-nova/default.aspx

2012 5 year transportation and port shipment contract signed with Anglo Ferrous for use of their railroad and port facilities

@Obs - Thank you for the explanation on both the port and collaboration. Useful for me as always. :)

@Barksy1 - Do you think there is a not yet disclosed big buy late in the day as 14.50 buy at 16:52 is a bit of an anomaly in the published trades so far..13.55 was paid at 16:28?
Or is there another explanation for it?
Would appreciate a clarification please as I am curious.

@maddog - There was 230k more unsold in 2013. So that closes the gap on the 400k discounting any depreciation..

@Obs - :') Thank you. Hopefully your calculator gets some much deserved rest. If not for you and the calculator, me and I hope many others here would be left much less knowledgeable.

Also why do you think there will be a capacity constraint? And would this open up a possibility of reducing shipping cost by collaborating with Unmagen on shipping as it were in the past?

Apologies @Obs :')

2015 report says they suspended sales too.

A nominal amount of iron ore was processed and shipped in the first quarter of 2015 while preparing the plant for shutdown. No production was realized during the rest of the 2015 year, and sales and logistic activities remained suspended during the year due to low iron ore market prices.

Operating Data 2014 2013
Tonnes processed 806,082 812,003
Iron ore produced 693,714 700,857
Average grade (% Fe) 63.1% 63.1%
Iron ore tonnes
Sold 524,645 470,140
Average realized iron ore price $60 $99
Cash costs ($/tonne sold) 55 63
Financial Data ($ millions)
Iron ore revenues 31.6 46.4
Depreciation and depletion 4.9 4.5
Gross profit (loss) from mining operations (16.7) 12.3
Sustaining capital expenditures 1.0 4.8

Vila Nova processed slightly fewer tonnes at the same grade year over year. Iron ore sales were 12% higher than in 2013 as a result of increased shipments in the first half of the year compared to 2013. Shipments of iron ore were routed through the smaller capacity public port in Santana since the Anglo port collapse in March 2013. Iron ore prices declined throughout the year, ending the year below the net realizable value of Vila Nova’s inventory, resulting in an inventory write-down of $13.5 million (included in the loss from mining operations in the table above). As a result, a decision was made during the fourth quarter of 2014 to place the mine on care and maintenance. Iron ore shipments are scheduled to continue through mid-2015 until existing iron ore stockpiles are depleted.

https://www.annualreports.com/Company/eldorado-gold-corp

From 2014 report

@Skinnyboy16 - I don't really knows :') But to me, it doesn't make much of a difference. Just a matter of time.

Personally, I will sit on what I have and if it suits me, will look at add.

@maddog - You are welcome.
Don't worry about the SP. Enjoy your day. Time is the most precious commodity.

Hope you had/going to have a nice big cake and a happy day with your family.