Member Info for EV_Bull

Just wondering if anyone has figured out who the last ship was for?
I reckon it could have been for Gerald metals who have claim on quite a bit of ore. It also is notable they used “Amapa Shipping”.
@Obs noting the changes last night makes you wonder if we see another Serveporto show up for one of the remaining ones then conclusions could be made. If we are also going to be shipping a lot for GM then obviously it would reduce capacity depending on how many shipments they are making so perhaps that was factored in to the rates we can achieve. Pier 2 obviously helps massively. Hopefully in time it will be going directly from the private port.
With the above assumptions I think CDH will be the 4th of 4 for the $10m. WB then for GM? The other two would then be interesting to see which agency is used.

lol no, you’re just trolling now.

He said they were planning to ramp up shipping aiming to go beyond the original 1.5 ships a month target and looking to use the second berth. Which is exactly what appears to be happening.

Yes #4, otherwise I’d be all in at this point.

Not intending to be rude but trying to correct incorrect information.
I believe the port schedule which as stated has two named dev ships on pier two and aligns with what Kiran has recently said. If you choose to believe otherwise that is up to you. They have allowed two extra days for loading.

Who cares? Kiran already confirmed P2 was going to be used. The ships are booked so they clearly think it's possible. end of.
White Bay is next on Pier 2.

Maddog, you are incorrect, there are two ships booked (including names) on Pier two for Dev in July.
Iwagi Island also loaded on Pier 2 this week so it is clearly operational.

If four named vessels for July doesn't do it then only the RNS will.
I'm surprised we're not closer to 40p given what is to come.

KPMG

I'm sure they knew we'd figure it out Obs (which we did) from the wording about the buyer. Perhaps they said they'd prefer not to be named or something.

The bounty is not from the courts websites, although that is where I got some clues from.

Don’t forget Glencore were also originally bidders for the mine.

I wouldn’t be surprised to see them try to buy out Cadence to be honest to get the whole lot on the cheap and maybe fund the amount to take 49%.

https://www.metalbulletin.com/Article/3113018/Glencore-Zamin-among-bidders-for-Anglos-Amapa-iron-ore-mine-sources-say.html

The Invoice No. DEV / 2021 / APR / 001, issued on April 23, 2021 was issued and observing the following parameters:• Wet ore weight was 45,947.253 wet metric tons, discounting free moisture loss at 105 degrees centigrade, which is 3,919,301, results in 42,027.952 dry metric tons;• The base price per dry metric ton was USD 141.14;• The result of the quantity of dry metric tons multiplied by the base price, results in the value USD 5,931,825.15; •From the result of USD 5,931,825.15, the chemical specifications USD 723,889.45 and the freight value, in the amount of USD 3,060,661.39, which is due to the said company that carried out the shipment, remaining an amount due to receive by "DEV" of USD 2,147,274.31; •Thus, 90%, that is, USD 1,932,546.88, is billed immediately and the remaining 10% as soon as the iron ore arrives at its destination. It should be noted that the Debtor is awaiting certification and billing of the remaining 10%.

FYI Obs for your wet to dry conversion: "Free Moisture Loss at 105 degrees centigrade: 8.53 pct"

I just found a treasure trove of stuff. e.g:
Contract signed between "DEV Mineração SA" and "Glencore International AG" was made available, dated March 24, 2021, as well as its Addendum, dated April 19, 2021 and digitally signed version on April 20, 2021.

From the first 3 ships $15m income $5.85m logistics costs $9.2m Net

lots more

Yes the chaps at the port are going to be milking the overtime at this rate. If we could keep up 3-4 per month going forward the stockpile would be shifted in no time at all < 12 months.

Done deal Obs, incredible that we can still buy at this price.

not a chance, all good

I bought more lol

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\ = : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : /
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CHECK IT OUT OBSERVER!!!!! xD

The way I read the below it's consistent with the view that the JRP case will concluded imminently.

https://www.jusbrasil.com.br/diarios/1135006996/trt-3-judiciario-06-07-2021-pg-3593
3. In view of the manifestation of ID 78c40e3, wait for 15 days to verify whether the Plaintiff's credit was excluded from the Defendant's judicial recovery plan DEV MINERACAO SA In due course, notify the 2nd Defendant and KPMG CORPORATE FINANCE SA, Judicial Administrator, including by e-mail (omendonca@kpmg.com.br), to express themselves in 10 days.