Member Info for tomcat-14

indo are putting their 1.71mt stockpiles into the project at dipb… at the present av net profit were shipping the stockpiles at… that’s…

$9,216,063 / 143,547t = $64.20/t net profit…

1.71mt x $64.20 = ~$110m…

that won’t help… the banks dragging it out indefinitely… our 20% ownership being delayed even further… and our sp not knowing if it’s coming or going…

that’s true ob… but they weren’t intending to use any of the proceeds of the stockpile sales to pay the small labour creditors… our dipa investment was for that purpose… so the dipa investment may also need to be released from escrow now… to allow the start up of the commissioning as planned…

i do wonder though… if this progress report was requested by the courts… to justify and support the decision to release the second $10m batch of ore from the stockpiles… demonstrating to the courts we are progressing in line with the jrp…

sorry *… meant *thursday rns & commissioning starts about month *5…

friday’s rns and progress report confirming that the pfs has commenced… would indicate to me that we are about 4 months into the project timeline… that does coincide with us starting shipments of the stockpiles at the end of march… 4 months ago… although quantity of shipments being constrained by the outstanding bank settlement agreement… will that delay the start of the commissioning activities… due to start around month 6… or will they advance our 2nd tranche investment… to supplement the cash flow from the slower stockpile sales…

page 9… https://www.cadenceminerals.com/wp-content/uploads/2021/06/Corporate-Presentation-KDNC-JUNE-2021-1-1.pdf …
month 1 = apr21… start of q221…
activities started…
settlement agreement with secured lenders…
iron ore shipments from stockpiles…
sale of fe stockpiles…
commissioning studies…

we’ve had…
2 ships in port loading iron ore simultaneously…
now we have…
2-dev ships in port loading iron ore simultaneously…
next goal…
2-dev ships in port loading dev’s iron ore simultaneously…

at least us commoners will now know how to count… ;)

https://www.jusbrasil.com.br/diarios/documentos/1254948899/andamento-do-processo-n-2160378-6120218260000-agravo-de-instrumento-30-07-2021-do-tjsp … the untimely appeal has made into the public diary…

like… now…

when the tide turns…

well… our #4 has just arrived at the anchorage then… and is waiting for the next tide after they finished dredging pier 1…

i took it from the haul that they were visiting the mine at the time he pointed to gerald’s stockpiles…
i also took it from the jrp that we were committed to move that stockpile from mine to port only… once the railroad was operational again… not actually ship it to china for them…
didn’t realise… or i’ve forgot somewhere along the line… that gerald had some ore already stockpiled at the port…

thanks ev… that’s the bit i have on my phone…

are we taking this bit as confirmation that it is gerald’s ore that dev are shipping with ’ours’… so i can stop worrying about indo reducing the size of ‘our’ 1.71mt stockpiles…

dev carried out this trial operation by loading ore owned by a third party… the shipment of this ore is part of the judicial recovery process approved by the creditors in july 2019 and was carried out at a commercial rate…

it’s there somewhere… i’ll dig it out over the w/e… if no-one else has it to hand… past decision notice possibly…

it’s… ‘ what’s been going on with the bank settlement in the last year’… there was an amendment agreed in april…

addendum 02.04.21...

more history to be made next week… 2 dev ships approaching for simultaneous loading of iron ore…
bcr already on the river…
wb just hanging a left…
which one is #4…

1… 2… 1… 2… i hear here coughing… fat lady is clearing her throat… :)