Member Info for observer842

If average sale was 70p then that is about right. If it were 80p then I make it around £1.2m = $1.7m. Now jogging...

Interesting times indeed @EV! MV heading to port at walking speed. LoL. "Sale of EMH shares $1m" Presumably you meant £, and that is still conservative, or is my estimate out?

DCE just closed 2-3% up across the board :-)))

http://www.dce.com.cn/webquote/futures_quote_en.jsp?varietyid=i

LoL @MBW. We would likely have sold gradually over the several months since the last notification, meaning quite likely in the 80's and 70's. My estimate of £1m raised was very conservative IMHO! Could easily have been half the $3.5m...

Nice little rebound above $200/t in the spot :-)))

http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 58% Fe fines Seaborne index 62% Fe fines Seaborne index 65% Fe concentrates premium Seaborne index 65% Fe fines Seaborne index 65% Fe pellets premium
2021-06-02 161.50 208.50 19.50 240.80 65.00
2021-06-01 161.50 208.00 19.50 239.80 65.00
2021-05-31 152.00 198.00 19.50 230.30 65.00
2021-05-28 142.50 188.50 19.50 222.30 65.00
2021-05-27 141.50 187.50 19.50 220.80 65.00
2021-05-26 132.50 178.30 19.50 212.80 65.00
2021-05-25 137.50 188.60 19.50 228.80 63.60
2021-05-24 136.20 187.60 19.50 223.20 63.60
]===

There are a few words in between each of the lists. I forget now. Something like "General decision" in one and "pay up" in the other. LoL

Have you read them? They don't say much!

For the benefit of those struggling to follow, the consensus (there are no doubt some who believe to the contrary) is that DEV's 4th ship is due to dock tomorrow. However it has been agreed with the courts that only $10m net can be shipped, and this is likely to have been achieved on the third ship which sailed last week. Therefore it's possible if we see the 4th ship currently in the Macapa waiting area heading to the port it might indicate that the deal is sufficiently close to have been signed, or has been signed, that DEV is willing to risk shipping the ore, and to continue doing so - other slots in June that are TBN have yet to be cancelled. It feels like it is coming to a head, and news is eminently imminent.... Nail biting time ;-) IMHO, DYOR!

LoL @VaG I never said it was an easy read, just easier ;-)

@ValueandGrowth. I don't know how you are reading it, but when @EV said: "it's easier to read if you put the pdf in to google translate:" it occurred to me that there might be a better way than what I was doing before... And there is! The method @EV is presumably using is to download the pdf to your computer and then upload it to google translate:

https://translate.google.co.uk/?sl=auto&tl=en&op=docs

A MUCH easier to read! Thanks @EV!

There's a lot which might happen tomorrow now... Hmmm.

That's a great find @EV. I've never thought to click on a sub case before! As you say, published today... RNS tomorrow?

Indeed - @MLQ. Though no chance I'd "sell up" here whilst Amapa is in play. I was thinking perhaps 10-15% off the table since I'm quite heavy KDNC. Not sold any for a long time, but sometimes when I believe I've seen news which the market might take as bad before others do it crosses my mind to sell! Similarly for buying - though I usually do in that case if I have funds available! LoL. ;-)

Exactly possible @tomcat. If people haven't read a disclaimer on a presentation before, I'd suggest now is the perfect time to read one...

Agreed @EV. I see a few large sells going through from this morning presumably on the back of the presentation I shared - I hope for their sake I'm wrong. Obviously I hope for my sake I'm right! ;-) I wish I hadn't posted the link now, although the page 6 confusion would have weighed on my mind, which it no longer does...

That had crossed my mind too @EV. Updated in haste... Hopefully news today then! ;-)

@Bannor. Page 6 is dated June, but it has a feel of a page that was written in April and perhaps attempted to be updated for June, but if so, done sloppily. IMHO. DYOR. LoL.

Indeed @Bannor. It's back to being imminent again now that IMHO page 6 was put together in April. It's what makes most sense to me, though I could be wrong. What do you think @EV?

@MLQ. A bit of a tongue twister there! LoL. Before posting the link to the presentation this morning I considered derisking some of my holding as what was stated in it was at odds with our recent research. I held my nerve and decided against selling any. However, if I had sold some, I'd be now buying it back! Hopefully clearer? ;-)

LoL @MBW. Be our guest. They presumably don't know there is possibly (we don't know for certain!) an inconsistency with observed reality on page 6. LoL.