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@Oaw, @EV will have to reply himself, but he's probably being quite conservative! The stated majority of outstanding debt is NPV10 $106m + the estimated $168.3m of Capex comes to say $300m. So I'd say @EV's $53mpa is quite conservative!

Absolutely @Bannor!

@Oaw. Zamin borrowed $135m and completed 70% of the private port reconstruction. We don't know if this is the case, but if we assume all of that $135m was spent on that 70% then 30% would cost $58m ($135m * 30%/70%). This corresponds closely to the estimated $61m of CapEx required to finish this so maybe the case? The PFS will hopefully reveal more!

"Approval of Judicial Restructuring Plan Paves the way for the Restart of the Amapá Iron Ore Project." (30 August 2019)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=2887382
===[
Capital Item US$ Millions
Port Re-Construction 61.0
]===

Nice analysis @EV. For those who are interested in researching further, I've got links for a few of the items mentioned in my comment here:

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlxwrw4

Personally I think you should give @Kiran a break @MBW. It's quite likely he's under incredible pressure at the moment to get this across the line, and I'm 100% behind his efforts and am quite understanding if we miss an RNS or two, or three, or web page update, or corporate visibility at this critical juncture. I'm sure some will agree, and others won't agree, it's each to their own. Just stating my view. Your impatience will be water under the bridge if we manage to take 20/27% of a project that was once valued at $3.2B! :-)

Indeed @EV. I was also expecting EMH news. Neither of these investments are classed as "Trading Portfolio Public Equity" where we have decided, mostly, to no longer RNS as announced in the interims:

===[
Given that none of our trading portfolio investments represent more than 10% of our net assets and are below the relevant reporting thresholds in the applicable jurisdiction, we have determined that going forward, we will not republish regulatory announcements associated with these investments unless, of course, they become material. We will report on the performance of the trading portfolio investments via our annual and interim financial statements.
]===

Absolutely @Barksy. It's hard to overstate just how monumental this is for the people of Santana.

@MBW: IMHO we must be so close to finalisation that an interview might be counterproductive at this juncture... And, as @Kiran would be aware, we may accidentally prejudice the case. I'm sure @Bannor would prefer he kept his mouth shut if there is any danger of this happening! lol.

My reasoning being a signing doesn't actually mean anything in this particular case unless it is ratified by the courts, and in fact may only happen in front of a judge. The reason we heard about the creditors was because they had been the blocker for so long, and @Kiran was keen to relate that we are now on the home straight. All speculation of course. Take it, or leave it! lol

Iron ore settled another 2% up across the DCE board.

@Barksy, @MBW - IMHO there is a strong possibility that the conclusions for decision issued in the main case on Tuesday relates to the big one... Of course it may be unrelated, and some think we would have heard about a "signing" before the courts see the documents. Personally I'm not so sure.

Incidentally "The Amapá Project borrowed US$135 million senior debt from a banking group led by Intesa São Paulo and rebuilt 70% of the port."

Here is a link to the full post, where @EV has kindly included links to all the reports for the keen!

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/anglo_american_annual_reports_detailing_the/

Just stating the historical facts as I read them, it was only this week I realised it was originally valued at $3.2B when Anglo joined in 2008, so I needed to understand for myself why, and what happened, and how it could be again with a good wind. Worth a read through those reports if you haven't already. Search for Amapa,

@Oaw Major geological event is how the port collapse is sometimes described.

It's almost as if Kiran's freeing up his time to take the reigns of a company that was once valued at $3.2B!

$3.2B I hear you say? Well I've been through the various accounts and summarised the details on the other course. It's a bit of a long post, with lots of corroborating links, but I don't mind including the summary here as there aren't any links in that!

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945
===[
Summary
This is purely my own interpretation based on reading through the annual reports and coupled with KDNC presentations and reports. Anglo bought Amapa with the intention of doing it up and selling it on as part of a package of assets. This proved harder than expected, with almost $500m of additional CapEx going into the project to scale up the operation towards 6Mtpa. At a time of unfavourable exchange rates and low iron ore prices they impaired the project significantly from earlier valuations of $3.2B to $1.2B to $660m and due to a major geological event ended up selling for a valuation of between $134m and $264m.

With good planning, execution and fortune, former valuations could be achieved, perhaps even exceeded.
]===

Don't remember seeing yesterday's EMH interview posted on here:

https://www.reddit.com/r/CadenceMinerals/comments/r0j0pl/european_metals_holdings_present_minviro_lca_esg/

@EV quoted perhaps the most important bit related to an updated PFS being released shortly...

Also their AGM is at 8am today.

Bit odd we didn't RNS/tweet yesterday's fantastic EMH news. Perhaps we are simply too busy with Amapa at this point in time?

Nice spot! This follows on (trumps!) the previous Conclusions for Dispatch from nearly 2 weeks ago. Fingers crossed it's the news we are hoping for! Or at least favourable news if not :-) What else could they be concluding on that required so much documentation!? lol.

DCE closed 4-6% up, settled around 3% up.

The banks could have already signed... But I guess "any day" technically covers the past! lol.

lol @MLQ - don't let @Bannor catch you presuming anything on here! The courts could be deliberating the signed agreements this very minute for all we know. We MIGHT here news at any time...