looks that way... what you making of the latest entry today then... re: transfer of shares... no appeal against authorisation for transfer of shares and agreement with the banking union...
yes... $826 - $106 = ~$720m net... gross must be approaching $2bn spent in total... come to think about it... both anglo and cliffs booked their values with ~$500m? debt from mmx... carried forward with the asset...
sorry... just noticed that myself... $3.5m x 14.28 = $50m... x 27% = $13.5m... jumped the gun a bit there... double bubbled it... good job someone’s checking my math... what i was trying to get to... was the $1bn and more capex already spent on the completed systems at amapa... which when we’re spending a further $168m plus $2.5m plus $3.5m... $174m to get those $1bn systems back up and running... is there no attributable book value in the net ~$826m or so (less any debt carried forward from zamin) asset value of these systems... or gross even... much the same way as when anglo and cliffs acquired these from mmx... and booked asset values in excess of $2.5bn against amapa...
i get where you’re getting the $50m from... $3.5/7% of amapa... expanding that to 100% amapa... 7% being 1/14.28 x 100%... $50m x 14.28 = $714m... x 27% is $193m total...