Member Info for tomcat-14

if they want to pay the labour creditors this tax year for one reason or another... it has to go today... tuesday is the start of new tax year 21/22... and the banks close for easter tonight... seeing that makes me think that they might...

thanks... thought so... 26mar-26may 4-ships sailing in 2-months... wow... we only need 3-ships every 2-months to clear the stockpiles in 2-years... so the ramp up is looking very good already...

is that 4 slots in 2-months... by end may... or am i slotting #5 in the wrong place...

sale and shipment #1 complete...
bring on #2... 3... 4... & 5... ;)
happy easter...

fantastic news... 2-3days to load... well done all those involved in getting this started... and underway... :)))

that then leads on to the banks now having conceded to allow us to ship the stockpiles... no limit... they will get their 10%... and the settlement will be completed...

ship #5 is great news though... fantastic news in fact... went unnoticed here... are there any gaps for any more... ;)

or maybe if they want 10% from the start... it’s 10% full stop... and they’ve agreed 10% of all shipments from start to finish... without the o/s balance being paid off in 3 big lumps by 2027...

it says 10%... is all i’m saying... and they are allocating 10% of that (or 10% of the $10m net)... to the banks... so i’m also wondering if the settlement with the banks is 10% of all shipments... up to 2025... then 1/3rd of the o/s balance paid in 2025/26/27... (years based on the original jrp)...

sorry ob... i missed this one earlier 15:45... (they’re still hiding some posts here for some reason)... 1+2+1 plus the 1 that’s just left = 5... x 45,000t = 225,000t x $100 = $22.5m profit?...

except 5 ships?... has to be more than 10%...

good to see it works both ways... every now and again...

i agree ev... 10% of the 10%... is for the syndicate bank creditors... that’s what i posted today at 10:41...

this was the decision... 10%...
therefore... it cannot be overlooked that... in all scenarios... economic and financial... the sale of the portion of the recovered iron ore stock... in the same way as in r. a hostile decision... will make it possible to resume business activities... revert to the benefit of labor creditors and all those interested in implementing the recovery plan for the aggravated person... as well as the aggravating person himself... whose permanence of the amount in a judicial account will preserve the asset of the recoveree given in fiduciary guarantee... in addition to the 10% (ten percent) reserve under the sale amount... in short... the sale of 10% of the iron ore stock... granted by r. the fought decision will benefit all the stockholders of the recovering company...
therefore... in view of the extended reasons, as well as the absence of any damage to the aggravating union... it must be fully maintained at r. contested decision with the consequent revocation of the suspensive effect previously granted... due to the judgment of the interlocutory appeal... the examination of the declaration embargoes is impaired...

tango holds the recent record at 48,810t... see if we can top that on the 1st go... :)

11.5m draught... might have topped the scales there...

od it hasn’t got updated stats yet...

i read it that it is both... 10% of the stockpiles... of which 10% of the proceeds are being allocated to the secured bank creditors... this is based on the stockpiles being < 10% of the total resource... which more than covers their guarantees...

is that why we have 4-slots scheduled...

that’s an interesting thought... because the ruling mentioned 10%... so the qty may have been fixed at the time of that ruling... based on the iron prices at that time... ;)
i wondered the same... why several...