Member Info for tomcat-14

that’s exactly what i’m saying... it was $80 65% fe in the jrp... and i fully agree with you about the impairment... it isn’t impaired now... that was anglo writing down the losses on their books / asset values... it has a value... starting with that defined in the jrp...

except it’s worth $1,142m... (based on the jrp valuation)... excl all legal fees... lol ;)

weekend... someone mentioned a salsa party at the anchorage... all scheduled ships are invited... not sure if that was extended to pier2 yet though... or was just for the chippies on pier1... who look like they’re getting it started already... see who else turns up... ;)

why you still blaming dl... for what is now clearly bcn’s **** up... which in the long run... could work out better for us this way anyway... who knows... our jv’s have just gone up in value with that government decision anyway... what’s wrong with tweeting that...

won’t the lorries that drop it off at the loading skips... just turn right instead of left...

#3 medi zuos sailed with 48,903t... which is the new record ore shipment that tango held... :) well done all...

maybe not then... keep looking...

and looking where it’s sailed from... kiran could be aboard... lol... without any wifi... hence no rns’s... :)

or ruddy... looking where they are... probably ruddy more than beatrice...

it does... 7th is monday so can’t be too far away... don’t you like the look of beatrice... a tad smaller for the 1st shipment docking pier 2... dual docking with ultimax on pier 1... who is here already you know... ;)

220m... http://www.docasdesantana.com.br/index.php/noticias/313-cdsa-realiza-testes-de-tracao-estatica-de-cabecos-de-amarracao-de-navio ...

anyone like the look of beatrice for our first shipment from pier 2... or maybe ruddy is more your type...

page 6...
shipping of the stockpiles of 1.39mt of iron ore...
#1 od... in late march 2021 first shipment of iron ore since 2015 (~45,000tonnes)... rns https://www.lse.co.uk/rns/KDNC/first-amapa-iron-ore-shipment-completed-en-route-45715g9k7eb1zzs.html ...
#2 mb... not mentioned... rns https://www.lse.co.uk/rns/KDNC/second-iron-ore-shipment-amapa-project-update-mtlura0harw64vt.html ...
#3 mz... 3rd shipment in late may 2021... rns (awaited... it left port on 27th... presentation confirms it’s ours)...
#4 mv... 4th scheduled at the end of june 2021... it was scheduled at the end of may now moved to beginning of june and is currently in amapa anchorage waiting for the port to clear... they changed the month from may to june... but forgot to change the end to beginning...

if 2 of the 3 banks have technically settled already... just waiting for india... why not release that 2/3 portion of the stockpiles to ship... it’s ironic that it’s the indian bank now delaying... zamin... can’t see the courts doing them any favours... personally...

the presentation is stating the facts as they are / were... there must be contingency plans for other scenarios for the way things play out... which are what we are seeing through our own research...
‘with initial revenue from stockpiles’... it’s still there but for obvious reasons they now haven’t quoted the very low value they were using previously...
‘shipments after this will be under a settlement agreement with secured bank creditors’... is / was the plan... but if the banks are delaying indefinitely... we will need a contingency plan and have already seen that the courts have been asked to look at the expiry of the guarantees...

great to actually see that schedule in full... with all 9 of our planned slots... ty ev... (ob... you’re fired... lol)... tomorrow’s rns should be an interesting update...

labels are back on... mv and u are both waiting at the anchorage... who’s going where when...

i did originally type letter... lol... but thought people might interpret that as a letter... as in a letter sent in the post... rather than a letter... as in a b c ... :)

the 10% or $10m net argument looks like it’s just solicitors being solicitors... paid per minute...
$10m net at the time of the ruling = 4 ships...
10% x 1.39m / 45kt = 3 ships...
why would you argue that the 10% should be corrected to $10m... (unless the stockpiles are 3mt)...

basically backs up what I’ve been telling you recently... the courts cannot prevent the successful progress of the jrp... the banks guaranteed credit... is all that it is... a guaranteed credit...