Member Info for tomcat-14

when’s crunch time?... 4-ships at 45,947t would be... $7.33m x 4 = $29.32m... #2 took 48,670t...

and if they don’t settle within the next 10-days... ‘reiterates the request for assessment of the expiry of guarantees and prescription of credit’... so on the basis that the delays are now only covid related... the banks response would be to either settle... or advise the courts when they will be able to settle in light of the covid issues and let the shipments proceed as planned...

31...

mv looks close than tramontana to me... so they may do a shuffle...

ultimax still due in on 30th... mv 29th... is one of them going in pier 2...

does c=tramontana?...

could be the reason mv paused for a moment...

looks like c:25,27,31 = ultimax... but running about 3-days late...

yes... with #11 now booked in for august... that’s over 35% of the 1.39mt stockpiles going out...

are you all sure that the rates you’re quoting for iron ore... includes package and postage costs... don’t they add that on like everything else... it being an unknown... and variable cost...

od was about 49days from santana to unloaded... took about 3-weeks to get there from new york... so about 70days total...

you do remember that there is / was a petition against us for absense of activities and failure to comply with the jrp... calling for a bankruptcy ruling... which the aj defended by stating that progress was conditional on the bank settlement... which has been offered and accepted subject to contract... which is held up due to the escalating covid problems in india... i seriously cannot see them stopping this now... it’s in everyone’s interest to proceed at speed... including the banks...

does that mean we’re hunting for a dev c now then... or is that a chippy squeezing in between...

i’ve got a royal flush md... they can bluff all they like... ;)

mz... 16.1kn... she’s a fast one...

‘the jrp is part of a regulated process under the laws of brazil... in which the company under judicial review and investors can submit a recovery plan which will allow the company under judicial review... in this case... the amapá... to trade under a protected status while it recovers from its financial difficulties’...

ob... i appreciate that the investors (indo & kdnc) dipa investment... is conditional on the completion of the bank settlement... but remind me again... what’s actually stopping dev from continuing to ship the stockpiles indefinitely... again i appreciate that the banks have a guaranteed credit that needs to be paid... but how can they stop the successful progress of the jrp... when it’s primary function is to protect the company under judicial review from such actions...

yep... catch up on some of the delays... and make the most of the current high ore prices... makes perfect sense to me to ship it as fast as they possibly can now... for us... and the banks... (without flooding the market;)... how far can you see into this year’s shipping schedules...

and a certified translation of the court ruling is here... https://www.lse.co.uk/rns/KDNC/update-on-the-amapa-iron-ore-project-9s0d524uqa7ognc.html ...

you’re probably right ob...
1.39m / 0.045 = 31ships...
1.39m x 10% / 0.045 = 3.1 ships...
mv is #4... so the must have been waiting for some confirmation that they were good to go...

it has... 10.8kn...