2nd sept RNS, not long to go17 Sep 2020 16:45
Cadence CEO Kiran Morzaria commented: "On behalf of the Cadence board, I am delighted to confirm that our board has agreed in principle to a settlement proposed by the secured bank creditors of Amapa. We look forward to preparing and finalising the settlement contract for submission to the JRP administrator. While the resulting delay in operations at Amapa is frustrating, it is a necessary part of the legal process that once finalised, will see Cadence complete the first phase of our investment. This will mark an historic milestone for our company, the Amapa project and region. I look forward to updating the market on our progress in the coming weeks."
He will update in the coming weeks, they are preparing the contract, this shpuld finalise by end of september latest hopefully, tjis is a historic mile stone for the company and will be a game changer, i expect institutions to be eye tjis up on that amapa news.