Member Info for EyeGuy

Shipping I work out to be probably just under $17/t
Reported that the 1.39 million tonnes brings in $60 million. That was at $61 iron ore price.
$44 net profit per tonne makes the figures work @$61/t fe price.

Sorry - observer beat me to it

Opex is $23/t for the mining.
Shipping costs need confirmation

If iron ore stays here and agreement and shipments start, £2 imo not far away.
The capex of the main mine will be almost there with the shipments - if iron ore stays at this price.
Then KDNC will have 27% or more of a $1.2 billion mine, plus port and railway.

ColinH- the shipments starting getting the green light has nothing to do with the BOD of cadence minerals. It was decided by the Brazilian court.
The settlement of creditors is between DEV and the creditors.

Wow wow wow. Huge jump in iron ore prices today.
62% $127
65% $134
The 1.39 million tonnes at port is worth $176 million.
£1 plus coming

Don't worry about warrants. its part and parcel of placings nowadays. Look at the likes of EUA and GGP. Both had warrant chunr. EUA had first warrant churn under 1p before it took off and GGP at circa 0.6p from memory.
In fact if you follow twitter, the likes of Longergame and Diamondhorse appeared to go short on EUA under 1p based on they thought EUA was a spoof and the news was "just to sell warrants"
Now the SP is up 25 fold they are probably living in the shed.
Amapa is a game changer for several reasons. Immediate revenue from shipments is one. Iron ORE price gone up 40% since when amapa was announced. Also the book value of this asset should be stonkingly high as it will include rail link which in itself can be a revenue earner.
The previous issue with this share has been a collection of assets which are all at different stages of development which all need capital and don't produce any cash flow
Amapa changes that in a shot. I expect probably 50p when shipments and creditor agreement reached. That could be within days

this price action can be easily explained. post creditor pay off and shipments and this will be 50p plus imo

umm. lot of untruths told here

added some more. no brainer now imo

looking good. should be moving much higher now.

Makes float only 22 million shares. Hardly anything

Mr Jango- 42% of shares taken up by stciky holders. Like CEO and Osisko gold royalties. CEO owns nearly 20% here.
Very tight share mate. No stock and keeps going NT

so hard to buy theses. Wroth mentioning that the biggest shareholder here is Osisko Gold Royalties- A Canadian listed major worth $2.55 billion. They have 18.91%. This should be going up very shortly imo.
Big big news today

“ allows the sale of iron ore, taking advantage of the high price in international trade, to support the payment of labor and low-income creditors, an imposing measure in view of the impasse in the negotiations. The proceeds from the sale will be deposited in a judicial account and released under the supervision of the Judicial Administrator, for the satisfaction of the aforementioned creditors and for the operational expenses of the recoveree”
Brilliant news

Larus- MUFCM is only here to drum up business on share meetings for those that lose money on shares. Ie he doesn’t have any position in anything but reaches out to shareholders that lose when he constantly bashes the shares. Arranges meetings and I think gets third parties to help recover losses.
Check back through his history. It’s all about arranging meetings for share holders that lose money. Best ignore imo

looks like its good news but due to translation, best to await the RNS

This now is is a major oil discovery play. Absolutely brilliant

relax imo. Just the start

looks ready to push towards 3.5p imo