Member Info for observer842

Sure @Frankie - off the top off my head if everything comes good, a few $100m from Sonora, a few $100m from Amapa, potentially much more from both - so potentially half a billion company in time: and if similar number of shares in issue, perhaps funded by selling other assets (EMH & Yangibana for example) rather than placings, share price could reach £5 - or something like that. I doubt it will happen. No one is ever that lucky, certainly not me. But 95p? Sure, I think there is a reasonable chance of sustaining this, and an even greater chance of spiking to it, and into the pounds.

Ob.

If everything comes good (which I doubt *everything* will), the share price will easily be greater than 95p IMHO.

@Cause. I've seen nothing more than what you kindly shared.

Just in case newcomers are wondering what news we are *really* waiting for ;-)

"Amapá Iron Ore Project Given Court Approval to Commence Iron Ore Shipments" (14 April 2020)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428203156429223
===[
In addition, the Court has requested that the secured bank creditors reach an agreement with the JV Partners and DEV within 60 days or the Court might rule on the annulment of the Bank Liens and consider the banks as unsecured creditors. As unsecured creditors, the bank's credit will be subject to restructuring plan limits and discounts and be paid from free cash flow from DEV, which may be over fifteen years.
]===

"Amapá Operational Update" (16 June 2020)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=31142820630381634
===[
We have also been informed that due to court closures during the current COVID-19 outbreak in Brazil, a ruling in relation to DEV's petition to annul the secured creditors liens and charges over the Amapá Project is now scheduled for the end of June 2020.
]===

@Cause - could land this afternoon...

The good news we are waiting for hasn't landed yet ;-)

Organic? On AIM?

LoL @Cause17.

I pretty much agree @Dallas. But the point I was making is that if HAS do call upon to fund the CapEx it means there will be certainty at that point in exploitation of our areas, giving real value to our holding, meaning we should either be able to raise off the back of it, or alternatively sell to a third party.

Dallas

Unless of course by that point we are able to fund ourselves! ;-) News on Amapa now overdue...

@Dallas. I suspect at BFS when there is certainty over CapEx funding and exploitation of our JV areas, that if HAS won't take (part of) our JV off our hands for a decent amount we'll sell to a third party.

thru ;-)

Indeed, I remember giving them the benefit of the doubt, perhaps longer than any other on here - but eventually their true colours shone threw...

If you ever get any useful, verifiable information out of @maddog, let me know. I wrote him off as a disruptive basket case years ago. But you make up your own mind. ;-)

Pre-tax, very approximate NPV10 $1B

Think of it like a baseline calculation. In the same way using 61/t and 80/t, and whatever the shipping rate they used per tonne is. You can then vary these after you have your baseline NPV if you wish. In the same way I determined there could be another NPV10 $1B to the project if today's iron ore prices were used - all other variables remaining the same.

I'm not sure you want to be converting to current rate at all. i.e. use 3.6 throughout, then make a judgement on whether you think what you have calculated is a conservative NPV or an optimistic one. I can think of other approaches, but that seems the simplest for the big picture view.

I do hope that @Kiran is on the ball and will let the market know tomorrow or Wednesday if the date has slipped, otherwise it could get a little, messy, shall we say on here... It's possible the decision was made today, though I feel tomorrow is more likely, as that is actually "the end of June" - no ambiguity. Admittedly, if it has slipped and he fails to update us, and the SP slides, could be a great final top up opportunity! LoL. ;-)

Very good point @tomcat! It does just say "a ruling in relation to DEV's petition to annul the secured creditors liens and charges over the Amapá Project is now scheduled for the end of June 2020.". Not sure how that passed me by. LoL.