Member Info for tomcat-14

check your radar’s... #3 must be inbound by now... especially if #4 is coming this month too...

actually... technically... they do... and if they had to... can trigger dipa a financing whenever they choose... stop kidding yourself...

i think david may have just broken the recent sonora ore shipment record crossing to china... arrived at the anchorage outside the yangtze today... now waiting for a gap in the very busy convoys that take him up river to whichever port’s paying the highest rate...
01apr to 13may... 6-weeks...

mon 08:35...

d?... that’s us?... d#5p2... is it showing 45,000t...

my take is... ganfeng takeover will be good for us... (we knew that already)... but nice to have it confirmed... hopefully the jv agreements are robust enough to protect our interests... whichever way it goes from here... production... sale to ganfeng or a.n.other...
fingers crossed for consolidation and exponential growth... at light speed once ganfeng make a material start on the project... would be good if ganfeng are happy with their 80% and let use ride with them with our 20... if it was a disaster... we would have been told already... by rns or in the follow up interview...

2 more in may... nice... could be your right ob... but i very much doubt it myself... any delays now... i would think will be the usual port progress against planned... which they catch up again with the pace they’re loading up the ore... they’re not on pier 2 are they?...

when’s the next one ob... ??/??/??...

it is... i’m reposting this from an earlier rns... i still think people are kidding themselves if they are waiting for the 20% rns... read it carefully... it explains exactly what is happening right now...

‘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’...

the small labour credits are to be paid now anyway... from the profits from the 1st shipment... except we’re not getting our 20%... i’m no longer comfortable with that... i see no reason why we should let the banks drag this out any longer...

risk : $2.5m (paid for already)... reward : 20% amapa shares secured via our jv co pba...

what like... give them time to award themselves a raft full of cheap options... that having been done now... we need to see a re-rate... and these values reflected in our sp asap... so we don’t get another opportunist like ganfeng doing one over on us... times up...

that’s not on the dipa todo list... https://www.lse.co.uk/rns/KDNC/reinstatement-of-railway-concessions-at-amap225-mwx7s7pw5st4ftd.html ...

i don’t recall bcn shareholders ever voting on the rem merger proposition... it was rebutted by their bod... publicly...

or if not us... another jv partner that would make gfl’s acquisition of 100% bcn palatable for the authorities...

that’s the quandary bannor... do they want/need us in or out...

yes... ganfeng will be our new jv partner... they will own 70% of the allotted shares of mexilit and megalit... and we will own 30%... should our bod now be speaking directly to ganfeng to determine what their aspirations are for the future jv’s... and if necessary... they themselves seek to protect our jv interests in sonora... and maybe stoke up the backing to make a counter ourselves if necessary...

regarding amapa ownership... i am of the opinion that it is ours already via the approved jrp... the secured bank credit... is no more than that... unless the project is declared bankrupt... it can continue in line with the approved jrp... we have 2 options... pay back that debt as defined in the approved jrp... or pay it back in line with whatever is the banks settlement offer was that we accepted last year... worst case... the banks execute their guarantees and they get whatever the court’s decide is their ore... which will not be at the detriment of the approved jrp...

i don’t think so news... as can clearly be seen in the graphic... the holding company sonora lithium ltd... holds 70% of mexilit and megalit... via sonora minerals ltd... ganfeng are buying up all outstanding bcn plc shares... so if you put a new ganfeng box at the very top of the graphic... join it with a vertical line onto the bcn plc box... and put 100% in the bcn plc box... everything else below remains the same... that’s how it will look after the event... but that’s the last of the detail and information about sonora we may ever see again... as it is all sucked into china...

and it will be no good crying after spilt milk like bcn’s flock of new posters who’ve come out of the woodwork last week... caught out unawares with a low blow... we’ve always complained about seckers playing down sonora... ever since he came out with the poxy 17.5/35ktpa pfs... and brushed us and our 70ktpa scoping study... with a tesla off take aside... focused on china... and ganfeng... now look...