Share
1,586 Posts.
lightbulb Created with Sketch. 41
clock Created with Sketch. 08/05/18
01:29
Share
Originally posted by eshmun
↑
It's pretty simple. The more risk tolerant buy, the risk intolerant sell. It can work like this all the way down."In January 2018 the Amapá State Court ordered the Group to pay a fine of R$6 million plus interest and inflation to the State Environmental Fund. No liability has been recognised in relation to this decision based on legal advice received and as the Group intends to appeal." "As announced in May 2017, the Group is undertaking a plant upgrade at Tucano for an estimated total capital cost of US$27.6 million. As at 31 December 2017, the remaining capital commitment in order to complete and commission the plant upgrade is estimated at US$18.495 million. The plant upgrade is expected to be completed and commissioned by mid 2018." "As at 31 December 2017 the Group was in breach of a loan covenant on its Santander-Itau facility. The Group has not obtained a waiver for this breach from Santander-Itaú and has not been notified of a default under the terms of the agreement at the date of this report."
Expand
The mill is planned to be operational in Early September quarter. That’s about a month’s time. Terrible shame if it all goes down in flames before then.
