Member Info for tomcat-14

it’s obviously in everyone’s interest... except anglo... for anglo to honour their obligations to pay for zamin’s labour debt... rather than those costs being carried forward into the jrp... is our contribution to the small labour creditors capped by the jrp agreement at $2.5m...

they don’t want to let go of anglo... do they... and anglo don’t want to give up on appealing every courts decision to implicate them in the unsuccessful succession of the amapa iron ore project... it must be a significant amount they’re arguing over...

doesn’t look good... does it...

you were on the ball there b... and kiran...

cadence has agreed with the loan note holders to convert $300,000 into 3,995,000 new ordinary shares in the capital of the company... and an issue price of 6 pence per share ("conversion shares")... subsequent to this conversion the balance of the loan notes will be approximately £2.303 million...
that will be verified in the rns... but the agreement to convert 3,995,000 shares at 6p... should be exactly that... the remaining £2.303m... should still be as per the last loan restructure as noted... 01aug2019... convertible at 12p per share... hintf...

anyone have an eta for the tr-1 holdings notification rns(s)... https://www.lse.co.uk/rns/KDNC/total-voting-rights-and-capital-76a7lgbztjjwtl9.html ... today?...

by road... lol... here’s one i made earlier...
if we’re starting moving the stockpiles to port... by road... let’s say start-up on monday 6th july...
transporting 3,000t/day...
that’s a minimum 5x20t 8-wheeler trucks each doing 3-round trips per hour... (add trucks/hrs/days to suit round trip time... if greater than 20minutes)...
truck 1) loading...
truck 2) travelling to the public port...
truck 3) unloading...
truck 4) travelling to the private port...
truck 5) queuing to load...
3x20minute round trips per truck per hour...
10-hrs per day... 5-days per week...
moving 15,000t per week...
60,000t every 4-weeks...
1 vessel loaded every 3-weeks...
each vessel carrying 45,000t...
1st shipment would be 31st july at the earliest...

04 companies act as port operators...
mineração vila nova...
amapá celulose - amcel...
amazon log...
mmx... amapá minerals and metals...

very interesting... private terminals... anglo ferrous... with 270m of docks and 12m of draft... operates in the export of ore...

jeeze typo’s...
*sider bilbao...
*fishy...

anyone have any historical cargo info on slider bilbao... veggie... fruity... chippy... or is it an irony... flying a uk flag and all... it does look a bit battered for a food carrier... fish then maybe...

you’d still have to start moving their material before july... what is that btw... and where’s it from...

that comes back to the question over the weekend... how do they create cash flow... to start repaying the bridging loan in june... when they don’t start moving the ore to the public port until july...
once the first shipment is out... that’s the start... you then continue shipping... not start again...
unless... ;) something else just dawned on me whilst typing... gerald!!!

i think he means 1) sign and proforma payment for the 1st 45,000t shipment contracts... using our bridging loan... as per the last rns (which is hidden away again)... it’s self funding after that... with ~4 or 5 more 45,000t shipments to go until the $10m net profit is earned... to pay off the historic small and employee creditors... and start the recommissioning study...
offtakes are after the banks have settled and we own 20%...

sign and proforma payment for the 1st 45,000t shipment using our bridging loan... it’s self funding after that... with ~4 or 5 more 45,000t shipments to go until the $10m net profit is earned... to pay off the historic small and employee creditors... and start the recommissioning study...
offtakes are after the banks have settled and we own 20%...

if indo sino is... and gerald is... the syndicate banks could be too... hence why they might be holding off settling... until dev have got the operations restarted successfully... before we all move to the next stage...

i’ll pitch in the middle... we’re chartering the handymax... that will transport from the public port... transferring to a capesize somewhere... within a 3-week round trip distance from santana... including on and off loading... and will be fob the capesize... ;)

cadence minerals is pleased to announce that the amapa iron ore project remains on target to commence the shipment of its stockpile of iron ore by the end of q220... or early q320...
dev is engaging principal contractors and expects to be able to start the movement of the material to the public port in july 2020...
dev plans to ship directly to customers via 45kt bulk carriers at a rate of 2-3 loads every 2-months... dependent on port berth availability...
dev has identified that it will require start-up working capital to begin operations and cadence has agreed to fund these amounts...

as chairman...
"as we await final settlement with the bank creditors... our board took the decision that it was vital to commence shipment of iron ore as soon as possible... the enthusiasm shown by our jv partners in getting iron ore shipments underway promptly is also shared by the cadence board... and in this regard I would like to thank shareholders... who have supported the placing to provide a bridging loan to make this possible."...

km ceo...
"as we move ever closer to the amapa restart... i am delighted that dev are already at contract stage with several principal local contractors... to commence the iron ore shipments and enter the operational phase of the asset... i now look forward to providing you all with further updates as operations gathers pace."...

29°42'38"N 109°09'21"W · 856 m... google earth coordinates... la ventana...

how many ships is that then...
(i missed the k of my t’s too)...
with no current pricing for c14... do you think that route’s been furloughed recently...