Member Info for EV_Bull

https://jus.com.br/artigos/71163/a-penhora-no-rosto-dos-autos
https://www.google.com/search?q=Penhora+no+Rosto+dos+Autos&oq=Penhora+no+Rosto+dos+Autos

Possible that Indo Sino would pledge their credit in this manner as per the JRP to take their ownership stake?

PLEDGE ON THE FACE OF THE FILES:
Attachment on the face of the records is a form of credit attachment, and is supported by art. 860 of the CPC, which provides:

When the right is being pleaded in court, the pledge that falls on it will be noted, prominently, in the records pertinent to the law and in the action corresponding to the pledge, so that it is carried out on the assets that are awarded or that may come to be to executed.

According to the aforementioned legal provision, there is an attachment on the face of the records when credits of the debtor who has them are attached in a judicial process in which he appears as a creditor. That is, credits that the executed in another process in which it appears as the author are pledged.
Thus, when the attachment reaches the right object of an ongoing action, proposed by the debtor against a third party, or a share of inheritance in the inventory, the bailiff, after the attachment record has been drawn up, will summon the registrar of the deed to register the restriction in the cover of the case file, in order for it to become effective, on the assets that, in due course, "are awarded or come to be the responsibility of the debtor", as already observed in article 674 of the 1973 CPC.

Yes that is correct. Pier 1 closed 23rd-28th dates are usually flexible
http://www.docasdesantana.com.br/index.php/operacional/programacao-de-navios

On an unrelated note the if the BCN Ganfeng bid goes through at some point, they’ll surely be want to gobble up the whole lot.
I was thinking about it and If we were able to get around £20m for our JV add in our EMH stake and Cash you are basically at the current market cap. Not saying this is risk free but there is a lot of potential for upside here, hence my purchases today.

I think there was one of those movements the other day Obs, prior to the decision. It’s meaning was discussed and some links found, I agree it looks to be end of the month or before though. I suspect something positive happened today for it to be back on. We will see…..

Haha, something that went away is now back. I was waiting for Observer to share in the excitement.

very happy with what I have seen, still on IMO

sorry.... I was so excited.... your* behalf

@obs, have you seen the new menu...... LOL!!!!!!

Big thanks to @isb, just picked up another 120,000 shares (50k,50k,20k). Celebrating tonight on you're behalf.

Currently: Dredging, Soy, Unamgen, Dev, Dev
The link I posted has the U boat name on it but nobody wanted to play.

https://sic-tos.complexodopecem.com.br/sictossite/pesquisa.aspx?WCI=relEmitirLineUpExt_002

@obs yes, previously they were west Africa and empty but have a look at unamgens one, it’s heading to another port in Brazil from South Africa, that port has a coal power station. And the port in South Africa has a coal terminal so I’m presuming they’re making a bit of a saving there. Looks to me it’s dropping off some coal at another port in Brazil then coming to Santana so it will arrive empty, so presumably some costs saved.

@obs, wonder if there's a bit of a saving for shipping costs happening for U (& hopefully Dev) by taking coal over from SA and returning with Ore. The dest for the U-boat has a coal fired power station.

According to the "ABNT RULES" (Brazilian Association of Technical Standards) which clarifies which products are considered steel including Mineral Coal.

Brazil is South Africa’s largest trading partner in Latin America. Both countries belong to BRICS – an association of five major emerging national economies made up of Brazil, Russia, India, China and South Africa.

South Africa’s top five exports to Brazil include anthracite (coal), precious metals, plastics, aluminium and car engines.

Anglo are "intending to receive amounts related to a service agreement". I can't see any amounts listed for what they are claiming. Possibly they will try to appeal to have some unsecured debts added to the creditors list. It does seem there has been a lot of action in the courts recently so hopefully all will be coming to completion very soon.

I found some info apout the prior plans of Zamin (2007) via public documents, I also spotted in the courts Zamin had plans to drastically increase production compared to Anglo numbers.
Zamin planned to spend BRL 431,535,058 ($86M USD in today's money) and BRL 90,372,826 for the Railway ($18M) to get to 6.5M Tonnes.
I wonder how favourably that would affect the economics at todays prices.
----
IMPLEMENTATION OF MINE AND BENEFICATION PLANT WITH CAPC. ANNUAL PRODUCTION OF 6.5 MILLION TON CONCENTRATE OF MIN. IRON IN THE WORLD WHITE STONE OF
AMAPARI (AP), AS WELL AS ADEQUACY OF LOGISTICS INFRASTRUCTURE INCLUDING PORTO IN THE MUN. SANTANA (AP) AND RAILWAY INTERCONNECTING MUN.SANTANA AND SERRA DO
SHIP (AP)
----

Maintenance dredging of Pier I - Period June 23 to 28, 2021

Dredging after Berge has pushed the schedule back a few days.

I think it will be worth the wait

My take on these:
Part 1 is about some money being frozen by the regional courts due to tax outstanding I think (only £70k) possibly the "Dev Logistica" cases.
Part 2 is just sorting out bank accounts for transferring the money owed to creditors.
Neither really changes anything for us.

Nothing really Maddog but im my view a clear indication that this is now progressing in the courts to completion of the PRJ and our Dev ownersip.

take the phrase "fulfillment of the Plan ofJudicial recovery" as a good sign.

"The other petitions and documents presented will be analyzed in due course." - i.e news soon.

Hi @odsjp, You're in the right ballpark with your low end / minimum valuation.
I've seen reports that Ganfeng are looking at massively increasing production from the original plan by 6-7x which would make the JV a lot more valuable to them. I could see it being worth £25m easily if that happens. I think we only have 4% of the current mining plan attributable to us but expect this to increase.
You shouldn't ignore Hastings / Yangibana as that could also be significant to us. Look at their market cap, the 30% JV areas will be of value.