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Hm..That seems to suggest 10% of the stock...
Below seems to suggest a cap of 10$ million net..
This is from the August 2020 files from the same link..
Judge of Egrégia 2nd Bankruptcy Court and Judicial Reorganizations in the District of the Capital, Dr. Paulo Furtado de Oliveira Filho, who authorized the sale of the stock of iron ore of the recoveree up to the limit of US $ 10,000,000.00 (ten million US dollars), with the reserve of 10% to the Union of Banks, now an aggravating creditor, as well as observing the procedure suggested by the judicial administrator to prove expenses and withdraw the amount.
@tomcat - This was the last ruling.
They dismissed the interlocutory appeal, impairing the examination of the motion for clarification. VU - INSTRUMENT SUBMISSION. BUSINESS LAW. JUDICIAL RECOVERY. INSURGENCE AGAINST THE DECISION THAT AUTHORIZED THE SALE OF RECOVERY IRON ORE STOCK UP TO THE LIMIT OF US $ 10,000,000.00 (TEN MILLION NORTH AMERICAN DOLLARS), WITH A 10% RESERVATION TO THE BANK UNION, CREDOR ORA AGGRAVANT, AS WELL AS OBSERVING THE PROCEDURE SUGGESTED BY THE JUDICIAL ADMINISTRATOR FOR PROOF OF EXPENSES AND WITHDRAWAL OF THE AMOUNT.
https://www.jusbrasil.com.br/processos/299466888/processo-n-2199480-2720208260000-do-tjsp
@Tomcat - I think it was 10$ million net. 10% was the share of the banks from the 10$ million. I think @EV_Bull corrected the misunderstanding with the ruling at the time. Some of the latest updates seems to suggest the same 10$ million net and KPMG to oversee all costs being accounted.
I was hoping on the same line as @Obs and still have the hope.
https://www.metalbulletin.com/Article/3981996/Australia-extends-iron-ore-price-outlook-above-100-per-tonne-to-late-2021.html
Australia expects the iron ore price to stay above $100 per tonne until late 2021 - instead of mid-2021 as it said in a previous report