Member Info for observer842

LoL. We can take our 20% at any time; but we choose not to. (I know, I know!)

https://www.europeanmet.com/europaische-investoren/

https://esaj.tjsp.jus.br/cpopg/show.do?processo.codigo=2S000I22C0000&processo.foro=100&processo.numero=1088747-75.2015.8.26.0100
===[
07/16/2020 Joined Petition
07/15/2020 Electronic Message (e-mail) Attached
07/15/2020 Joined Office
07/15/2020 Electronic Message (e-mail) Attached
]===

I suppose I had better clarify: You never need permission from me or anyone else *on here* to post anything that is publicly available, regardless of who spotted it, *though you may need permission from the content owner*.

Good summary @Cause. You never need permission from me or anyone to post anything that is publicly available, regardless of who "spotted it".

@Cause I personally think @Kiran should clarify the situation around the R$11m as it looks like our ponderings might be spooking some...

The current situation as we have been told from the BoD, as I see it, is that the courts have declared we can sell the ore to pay the historic labour costs, and going by the harbour schedule this looks like it will occur towards the beginning of August.

In the meantime, we are continuing to broker a deal with the banks which may or may not finalise one way or another before the sale of the ore. If it happens before the sale of the ore, then I presume we increase our stake from 0% to 20% and our $2.5m currently in escrow can be used to pay the historic labour costs before the beginning of August.

Ob.

Are you referring to this @tomcat:

https://www.jusbrasil.com.br/processos/101150396/processo-n-0000432-6820165080209-do-trt-8

Do you have a link to more up to date information?

Missed one! 99.9% certain right cargo (ore), right size (45kt), right owner (DEV), right location (public port), right time (early Q3). ;-)

To be clear: I don't understand the meaning. Stupid English language...

I'd feel positively euphoric if I hadn't seen (or understood!) the meaning of the R$11,110,016.82 and the 48 hours deadline from 2 days ago! LoL.

Perhaps we'll see an RNS in the morning?

Ob.

Certainly seems like ours! 99% certain: right size (45kt), right owner (DEV), right location (public port), right time (early Q3). Takes less than a week to load the ore. And to think, only yesterday I was biting my nails. :-)))

@Cause - the ship is more exciting! But I managed to find the 19 page judgement from the 7th if you are interested. It reads *very* much in our favour, but finishes a bit confusingly, to me at least! But I am significantly less concerned now :-)))

https://esaj.tjsp.jus.br/cposg/search.do?numeroDigitoAnoUnificado=2213966-51.2019&foroNumeroUnificado=0000&dePesquisaNuUnificado=2213966-51.2019.8.26.0000

No ships at the public port on the 12th:

https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-0.06071&lng=-51.16732&time=2020-07-12&preset=1_TRUE_COLOR&datasource=Sentinel-2%20L2A

And movement seen here today:

https://esaj.tjsp.jus.br/cpopg/show.do?processo.codigo=2S000I22C0000&processo.foro=100&processo.numero=1088747-75.2015.8.26.0100
===[
07/15/2020 Electronic Message (e-mail) Attached
07/15/2020 Joined Office
07/15/2020 Electronic Message (e-mail) Attached
]===

which is the the more up to date (I am not a robot) version of:

https://www.jusbrasil.com.br/processos/65368883/processo-n-1088747-7520158260100-do-tjsp

You're not the only one who is a little lost @tomcat. I understand what you are saying and it's a head scratcher. Presumably some decision related to this was made today? Or is it tomorrow? LoL. And what to make on that ruling from the 7th where the judge appeared to partially agree with those trying to argue against the JRP?

https://www.jusbrasil.com.br/processos/240043561/processo-n-2213966-5120198260000-do-tjsp

or have I misunderstood? Worth reading the whole process...

Cheers @Dallas. 272k from yesterday @16:23:27 @8.222p is certainly odd... Maybe that was responsible for the step down first thing, and the 500k seized the opportunity?

Question is @Cause and indeed anyone, is that R$11.110.016,82 our $2.5m? It would correspond to an exchange rate of 4.4.

@Kiran?

It was first mentioned here:

https://www.jusbrasil.com.br/diarios/306801896/trt-8-judiciario-14-07-2020-pg-783
===[
1- In view of the content of the certificate of ID b10a041, I grant the request for the extension of time required by the executed ANGLO FERROUS BRAZIL PARTICIPACOES SA to pay or guarantee the execution of the amount of R $ 11,110,016.82. Give science.

2- Intimate the executed ZAMIN AMAPA MINERACAO SA to pay or guarantee the execution, within 48 (forty-eight hours), by public notice.

3- After, return the case to me in conclusion.

MACAPA / AP, July 13, 2020.
]===

Time's up...

Prices still around $110/t. At least the media have picked up on the recent surge ;-)

"Iron Ore Prices Peak on Rising China Imports & Demand Worries" (15 July 2020)
https://uk.news.yahoo.com/iron-ore-prices-peak-rising-133501348.html
===[
Iron-ore prices have surged to around $110 per ton — levels last seen August 2019. The steel making commodity has gained 17% year to date, stoked by apprehensions of a supply crunch owing to the worsening coronavirus situation in Brazil while demand in China continues to pick up.
]===

Certainly looks like someone put in an order for half a million @8.9p and the MM's dutifully dropped the spread to fear some into selling below this. Only on AIM. Sigh... Is that how you saw it @Dallas?

Good find. It's certainly nail biting time!