Member Info for EV_Bull

Data Movimento
15/07/2021 Conclusos para Decisão

It’s possible Obs not ruling it out, but surely if the banks are sorted it wouldn’t matter and if they weren’t they would object and drag it out? but just have to weigh the balance of probabilities there tied in to the other evidence, all may be revealed soon on that one I think.
I am monitoring the hoard as I’d expect it to be updated fairly frequently now we’re at the sharp end. I have looked at most at least quickly and the most recent stuff in detail. I noted the expectation of how many weeks from before.

I can’t see any other reason for it, could be to ship more ore but I’d expect that to be a new appeal just my personal opinion.

I think it’s just legal paperwork removing the roadblocks ready for the big one.

Not sure if anyone saw it (too busy praying?) but Dev are appealed to overturn a judgement from 5 years ago. I genuinely think this is another step forward if you read in to the details.

Santana Pier 2

Any bets on a decision tonight?
MOVIMENTAÇÕES
Data Movimento
14/07/2021 Conclusos para Despacho

@Obs not to mention their spelling mistakes :-)
If my theory holds re agencies though Obs it looks as if we're letting the other parties use the less preferred Pier 2 and we will take Pier 1 (they can test it out for us). Inferring the deal is done or expected to be done by the time CDH arrives (pre agm) ;-).
I haven't seen anything about who the other party is that's moving stockpiles so do wonder if it is Gerald's.

I agree Obs,

#1 All the evidence I have, points to deal completion very soon. This is also the impression I get from what Kiran has stated publically.
#2 Even if it took another three months (not saying it will) as long as the deal is done it doesn't really matter to me, I am happy to wait.
#3 The JRP is legally binding, the mine is responsible for 15,000 jobs in the economy, there is a huge political and economic incentive for this to get done. Creditors are being paid, ships are booked, ore is moving.

Nothing in the future is certain, I have never stated this as 100% but Kiran is highly confident and he knows far more than I do about this. I have always priced in a 5% probability of unforseen events preventing completion, I am very comfortable to the risk reward at this price as are you. It's best to try to remove emotion where possible and focus on the facts. This is a mine that Anglo valued at $660m, we have a legally binding agreement to take ownership of 27% of it, everything I've seen over the past few months support that.

I'd have thought we'd have the good news before the AGM (4th August 2021).

@Observer, have you seen the Agency, makes you think about what I was saying previously.
News imminent in my view.

I re-translated the court judgement on 1041359-79.2015.8.26.0100
Class: Execution of Extrajudicial Title
------
On 02/07/2021, I, Lorena Peterneli, Head of the Judiciary Section/Major Officer, make these records to the Honorable Judge Dr. Paula Velloso Rodrigues Ferreri Visas. Page 256/258: Take note. I register the new administrator of Zamin Amapá Mineração Ltda so that she can take note of the present event and receive the publications. Let the parties say about the approval of the recovery plan of the executed, proving it, within 15 (fifteen) days. After, make the case concluded and. Intimate yourself. São Paulo, July 2, 2021.
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The more I read it the more it like it. :-)
P.s From KPMG documents the "Manageress" of Dev is Raquel Dalesco so the "she" fits in with that.

Not heard of it Mac but won't be investing. At first glance they expect a £16m valuation for "Three phase one assets" and look at what we have here in comparison!
Who knows how many years if ever before anything comes out of the ground and not to mention how much fundraising / dilution would be needed, possibly a lifestyle business and to be avoided in my personal opinion.

Agreed degsie, looking at the market cap of Hastings 278.88M AUD = £150m, they clearly have the means to buy us out or possibly issue us shares in HAS to the value of our Tenaments.
For Sonora, it's very clear that Ganfeng will want 100% once they've bought BCN and they have plenty of cash to easily do that. Maybe Hanwa would also want our JV given they have an offtake agreement for Sonora and a stake in BCN currently.
If and when the BCN deals go through there will be surely some interest here and I think we look very attractive at present valuations.

No. We know at least one of them is as it concludes the net $10m shipment.

@tc Yes, All 4 down as 45KT

Yes, I just had another small top up. People will cotton on eventually.

maddog your schedules are a bit behind ours but I can assure you that the four named are scheduled for Dev to carry Iron Ore to China in the next two weeks.
CDH
BCR
WB
HS

MIDJUR is also ahead of WB in B102, WB scheduled to go in to B102 17/07 and probably 4 days to offload so I'd say that HS will definitely be in first.

WB is waiting to offload fertiliser at Itaqui in B102 after ALIANCA LEBLON is done, then on to us (P2).
HS may beat WB to it and go in first.

https://www.portodoitaqui.ma.gov.br/porto-agora/navios/esperados

Not sure what you mean maddog,
It's Iron Ore for Dev, says it right here on my screen. :-)