RE: Heytesbury Corporate LLC connections?2 Jan 2021 15:37
Thank you for the reply TDT, I see what you mean, taken from the British Marine website:
‘In October 2020, NRR restarted the project, with first shipments of iron ore completed in early November 2020. The mine is currently fully operational with 2-3 shipments of iron ore being processed every month.’
I presume we would get more updates if the loan notes had been exchanged for part ownership of NRR as currently we just receive the interest quarterly so otherwise not technically relevant how NRR is doing on a day to day basis. Would be good if we could estimate what our 13.43% was worth from a market cap perspective. It might be good to do the conversion after the next quarterly interest payment which should be due this week with last one being early October.
Seems to have so much potential but a fair bit of uncertainty too in terms of board movements and license situation. If those issues get resolved this month it could be a good start to 2021 for the company and shareholders.