Member Info for tomcat-14

the 2nd one looks like a handymax in the santana main port... like the one docked in myshipdocking.com... couple of barges there at the pier to the left... for size comparison...

you’ve seen these photos ob?...
https://en.m.wikipedia.org/wiki/Santana,_Amapá ...
https://www.estadosecapitaisdobrasil.com/wp-content/uploads/2014/10/porto-de-santana-amapa.jpg?x64851 ...

with a reminder that...
during 2014... reconstruction work commenced at the port with some iron ore concentrate product being shipped during dec 2013 and into 2014... via an interim barging solution... and rebuilt 70% of the port... using $135m senior debt from a banking group led by intesa são paulo...
agreements on the repayment terms of that debt facility being one of the two pre-conditions they’re focusing on at the moment... to trigger the stage 1 investment...

and it’s stated a few times in this rns...
https://www.lse.co.uk/rns/KDNC/cadence-minerals-plc-heads-of-terms-iron-ore-mine-amapa-b7c3tm3d9s7u1nj.html ...

ob 10:15...
just pointing out that it’s not us and them atm... it’s a combined team effort... amapa able to start up operations at the port to ship the stockpiles under protection of the jrp... whilst kdnc/indosino sort out the conditions needed to be met for the various stages of our further investment in the jv... with the aim to get amapa back into full production...
funds from the sales of the stockpiles are to be reinvested in the capital development of the amapá project... not amapa’s funds to take... it’s quite possible... and very likely... that they go into the escrow account too... for safeguarding... until the purchase of amapa by pba completes...

the handymax looks split into 4 or 5 sections too... so could do the same for each section... 1 or more sections filled at each stop... depending on how many barges have been loaded... and the fill rate from the port... they won’t be anchored waiting around long either... stop fill go...

that makes sense now too... fob the capesize will be sent to collect from multiple mine ports... they won’t be sat on anchor for 6-months waiting to be loaded up... stop load go to the next collection...

‘they’ are working under the protection of ‘our’ jrp... ‘our’ cash in the escrow account... waiting for ‘us’ to get the railway licenses and bank creditor arrangements completed...

how many barges would it take to fill a handymax... and how many handymax to fill a capesize... pre-filling a number of barges ready for the handymax/capesize to arrive makes complete sense...

bannor may have said it already...

not running at 16kt/hr then... https://opensea.pro/blog/shipping-iron-ore ... yet...

nope... but i do remember some discussions regarding exemptions for certain types of companies in certain countries... but i don’t recall anything concrete being put forward to support that...

it’s on google earth sorry... i was trying to see if it was using that satellite feed as the background... i can’t see you photos... the links don’t work here...

south west sorry... there’s some censoring squares hiding something down there too...

it’s a pity sentinel aren’t using the same high definition satellite image as this app... the blue barge is being tugged up from south east of the port... with a white one...

wow indeed...
handymax... http://maritime-connector.com/wiki/handymax/ ...
capesize... http://maritime-connector.com/wiki/capesize/ ...

https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/rd53d9w/export ...

the doubt comes when you consider how many shares they would have needed to buy to keep up... and what the sp has done overall during on market buying of that level... so adds to the likelihood of them at least buying and shorting simultaneously... either way... i reckons they’re short somewhere... quite possibly 5.53% being their current net position... but the sp movement tells me it could be less...

hanwa is a strange one... to maintain their conditional pre-emptive rights... and a seat on the bod... they needed to maintain a 10% holdings... not having taken any placing shares since their original buy in... it’s plausible i suppose... that they are buying on market to keep to that level... hence no tr-1’s from them for crossing the 9% ; 8% ; 7% ; 6% thresholds... and ps does refer to them as a 10% shareholder... even when it says they hold just 5.53% in the q4 presentation booklet he was presenting at the time...

or went without saying...