Hazard a guess there’s more than just our new railroad and port being constructed in santana… power roads bridges lots going on around and about… big investment… (since last time i looked)…
I count 20 dev ships dispatched from amapa [10:4:2:4] in the last 4-years… so they missed one or i’ve double counted somewhere?… was it 4 that were claimed as ours, confirmed in the haul and used for valuation in the settlement (or did we claim another one after jia jui - can’t remember)…
Tbh… since reading that in the oct23 rns and the below statements in the recent rns’… i’ve already concluded that the potential buyer doesn’t want to pay the 3x premium or wait another year or so for us to complete our dfs… and has most likely already embarked on doing their own dfs level dd necessary to secure the debt financing noted…
1st hurdle?… it was still in place on 7th march… and 9th july… and continues to be in place as far as i am aware…
Project financing discussions continue, with expressions of interest in project equity financing. This is in addition to the current MoU with TCIDR for the debt financing of the Amapá Project…
In October 2023, Cadence announced a memorandum of understanding ("MOU") to obtain debt financing for the Project. More information can be found in the announcement here. The MOU remains in place and our primary focus has been on securing the equity needed for the Project's construction…
RE: This bit is always worth a chuckle ...12 Jul 2024 18:37
It’s not incompetence… it’s very clever… scandalous bordering on corrupt how they can buy amapa with one hand at a $40m valuation… then sell it the next day with the other hand to their complicit ii for a £5m valuation… how is that even legal… and tax free profit for someone to boot even…