Member Info for tomcat-14

it’s defined in the jrp… the financing structure and arrangement between the investors (pba) and the operator (dev)…

which lit a lightbulb… when do dev start paying 18% on the indo credit… from the date of transfer or another…

yes we are… but not directly… the loan financing we provided directly to dev is now provided via our jv co pba… so it’s 30% of 18% to kdnc… that hasn’t been paid back… we have just converted direct credit/debt into pba shares… in a similar way that indo have their $49m credit/debt… (assuming they have done that now and not defaulted)…

i wonder…

you could be right… but they normally do it on the way out…

docking sequence in progress… md… we’ve always used norte trading… every ship we’ve shipped…

maybe we should quickly increase our ownership of amapa to 49%… taking advantage of this post pfs dire market valuation amapa has now… would only cost us about £7.6m for the remaining 19%… the rest of the dipb loan financing being raised from the surplus profits from the stockpile sales…

uk aim valuation ~£12m 30%… (100% £40m)…

this has since been confirmed by the outstanding pfs published this year… https://www.lse.co.uk/rns/KDNC/completion-of-pfs-on-amap225-iron-ore-project-zt6wet08723tua3.html … which was produced by professionals showing an npv $949m… that other professionals would discount to 20% for a risk adjusted fair value of the project at pfs… to npv $190m for 100% amapa… ($57m 30%)…

our bod… indo sino… and the jrp… all seem to have valued our amapa asset at ~$110m 100% when we got our additional 3% for $3.3m… https://www.lse.co.uk/rns/KDNC/investment-update-g6l34zacmvs4rg4.html … so unless we’re money laundering… that’s the value that hmrc will use to determine our capital gains tax… fact…

8.7% kdnc… i was struggling a bit with that… thanks…

looks like they may have just taken an early bath… ;)

where are they gonna get it all from then… the lithium…

28,000,000 / 181,078,300 = 15.46%…
a$7m / 15.46% = $45.27m 100%…

what % does the a$7m represent…

that article still fits with litiomx doing the contract mining… under agreement… however they want to make it look to their voters… they’ll want to start before the next rainy season i would think… so won’t be taking it and going through a lengthy legal process… imo…

2,452,650 / 129,178,514 = 1.9%… mcap a$477.75m…
see if that makes it into our mcap now then…

it’s our ship md…

lol… i don’t think megalit is small… did you miss that bit daz…

yep… must admit it’s very unusual for me to see just one mm on top of both the bid and ask… giving us the advertised spread… definitely tightening… be interesting to see if the others will follow suit and tighten it up a bit too…