Member Info for observer842

i.e. it has *yet* to be cancelled...

Might be worth someone translating this carefully, as it's possible the gist of the second part is: "as soon as the letter of guarantee has been cancelled". i.e. it has to be cancelled... Talk about lost in translation! ;-)

https://www.jusbrasil.com.br/diarios/305289607/trt-8-judiciario-03-07-2020-pg-780
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Requer ainda, que o Juízo da execução informe ao Juízo da recuperação judicial sobre o pagamento de valores aos exequentes listados na petição para amortização de valores devidos nesta execução, assim como seja determinado o cancelamento da carta fiança de que havia sido apresentada pela executada.
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@Bannor. You could be right. But I think in this context if it is what we hope it is, then the secured credit will become unsecured credit and will take a 30% haircut and be paid off in years 5 to 17 as described in the JRP. If this is the case then I think the use of the word amortização to describe this process would be acceptable shorthand.

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It also requires that the enforcement court inform the court of the judicial reorganization about the payment of amounts to the persons listed in the petition for amortization of amounts due in this enforcement, as well as the cancellation of the letter of guarantee that had been presented by the defendant to be determined.
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@MLQ It's in the tables at the back of the JRP. The unsecured creditors are fully paid off just before current life of mine. The apparent mismatch in years you observe is related to the start date they refer to.

Odd!

Cheers @Barksy. I've not watched, but it's interesting to note the following from the write up of the discussion:

"Beyond lithium-ion: Charging into the future" (JUN 24, 2020)
https://www.atlanticcouncil.org/event/beyond-lithium-ion-charging-into-the-future/
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Panelists also addressed the perceived scarcity of battery metals and the challenges associated with ensuring the sustainability of lithium-ion battery supply chains. Kumar noted that if demand for lithium continues at the current rate, the world should expect shortages for specialty lithium chemicals by the mid-2020s. However, this anticipated supply shortage is not related to the extraction of unrefined lithium ore, but rather the niche production of a high-quality, high-purity chemical used in battery manufacturing. There are very few companies in the world that can produce these specialty chemicals at a high volume, contributing to US dependence on foreign imports. China has built up this mineral refining capacity and dominates the associated supply chain, firmly outcompeting Western countries.

With China leading the world in lithium-ion battery production, other countries are working to grow their market share and strengthen domestic energy security. Frith noted that EU countries are starting to collaborate on energy storage solutions, offering hope that nations may soon embrace this issue as a global challenge best overcome with collective action.
]===

It's like I said @tomcat: I take amortization to mean 30% haircut, plus paid in later years.

@Cause spotted that last night.

Great find @Cause! I agree with your assessment @tomcat. amortization = 30% haircut, plus paid in later years. I've been looking for the guarantee number.

I'm bugged that this was apparently published early yesterday. I didn't spot it. If I had, I would probably have bought more. Did anyone spot it? Any big trades? Why no RNS?

Read post from @degsie.

That would be nice @Bannor. Though I can see various avenues which don't necessarily involve issuing new shares to take us from 27% to 49% should the opportunity arise. Though you may disapprove! LoL.

Perhaps they shelled out for this recent report and decided to take the gamble?

"Amapa iron ore mine" (17 June 2020)
https://www.woodmac.com/reports/metals-amapa-iron-ore-mine-17230546
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$2,250

Tables and charts
This report includes 12 images and tables including:

Detailed map
Participation
Marketable reserves (at 01/01/2020)
View all tables and charts in this report
Production
Production
Operations
Infrastructure
Cash costs
Cash costs
Capital costs
Product quality
Economic assumptions
What's included
This report contains:

Amapa iron ore mine PDF 833.17 KB
Amapa iron ore mine ZIP 856.83 KB
Amapa.xls XLS 183.00 KB
]===

The one where you have to prove you aren't a robot. "Joined Petition".

Indeed. And you'll notice there was an update earlier for the main case we are waiting for.

Re clay - it was mentioned visually, but I don't recall if verbally, on one of the slides.

The case we are following/waiting on has not had a suspension against it as far as I can see. There are many other cases, and it seems to be the ones related to outstanding labour costs which are suspended.

I don't believe what we are waiting on is related to labour costs - that is another aspect of the judicial recovery. But it may be sufficiently linked to cause a pause. I don't know.

Great find @Cause. Thanks for sharing!

I've not noticed anything related to us today. Got a link? ;-)

Great watch @Barksy, thanks for sharing the other day!

"Will Tesla Cause A Lithium Shortage? w/ Vivas Kumar" (28 Jun 2020)
https://www.youtube.com/watch?v=CxFhWfA7kyE
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Interview with Vivas Kumar, ex Battery Supply Chain Manager for Tesla, now a Principal at Benchmark Mineral Intelligence. Vivas prepared a 34 slide presentation about the state of the Lithium industry, and battery materials supply chain. As EV sales climb from 1M/year to 50M/year over the next decade or two, massive investments need to be made in the raw materials supply chain. This is an in depth look at the mining & lithium industry from now, until 2030.
]===

It's improved my confidence we'll see a surge in Lithium prices sooner rather than later. :-))