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$ 5 billion , oops,
There's no way I'm going over to the nanoco forum to get ignored or laughed at LOL. It's on my own watch list because of the Samsung litigation story. I've enough to worry about here,
Yes FFC if we got say $3 billion I would like you want it all right away, though what perplexed me is why REPSOL, I think got $10 billion and took $5 + million to avoid all the award appeals that Argentina could throw at them , sure it's only another $5 billion of a difference LOL.
CHEERS EVERYONE.
Oh dear
Beware gtx he’ll have you for stalking if your not careful. Lol
Brew guys I only have access to one pc !!!!!
Well we’ll have to agree to disagree on that one I’m afraid as personally I think that would be mad given their history ! That said that’s probably exactly what will happen. Now and if it is then it will show Argentina have even bigger problems than I imagined!!!! Yes it might be a lot of money but I think it’s more than doable myself. Bwtfdik ?
JC. You can take that up with TB yourself, he’s posting again over on that nanoco forum, I’m sure it will give him a good laugh if he’s at all interested in anything we have to say.
Cheers everyone
I stand corrected then !
Apologies gtx I genuinely can’t remember seeing that .
Regards
ffc
I called that over several different post ffc, if you don’t believe me then you’re free to find it,
I actually think we would be very foolish to turn down any type of instalment plan spread out over many years, because I’m doing that we can bypass any of Argentina’s sovereign debt defaults, they have them every so many years, and the next one will be the worst I’m afraid. What bank wants to buy a countries Sovereign bonds debt when there’s a high likelihood of a default on that debt, by spreading it out over many years you can get all that money back as Argentina’s economy recovers over many years , and it’s Bonds are not shunned by international banks.
As I’ve said this option should never be discounted as a accommodating way to get a big settlement,
Cheers everyone
In fairness the ITX alias did predict that they would go with both. It was a fairly long and convoluted post if I remember correctly
Under the TB moniker :)
I can’t remember that post gtx ? When did you call that ?
I’d rather do a deal and take less than give them to opportunity to turn a “pay off plan” into another bloody farce ???? They have proved that you give them an inch they’ll take a mile. Well still be trying to get it in twenty years no ???
That’s a good indication to how judge Preska is thinking TWT, *** This is rather a simple case***
I think even Bogart stated in the call in that to them it was a open and shut case , something like that,
That’s what I also thought , now if Argentina hadn’t off paid Repsol $5+ billion , then I wouldn’t be as confident around getting a billion dollar settlement,
I also agree with FFC this case could have American investors scrambling for a slice of this settlement money,
What I would like to see is if we got say 3/6/9/12 billion then why not get in instalments over 3/5/10 years , that way Argentina get off the hook for one big massive sum, we all know they can’t afford it,
So if we got our # cross your fingers settlement, then we could strip out the risk of Argentina defaulting on its sovereign debts , they know they have to pay us over many years to make it look more palatable to their countries residents and voters, in doing that we know we will have a yearly amount coming in for say 3/5or even 10 years and underpinning our revenue stream. Argentina is in really bad economic shape , though it won’t always be like that, so getting a huge settlement spread out over many years could benefit all parties here.
I’m saying all that because our potential settlement figure could be $12 billion ,
What better a way to underpin our income stream and share price than a large sovereign bond issue over many years.
Just my thoughts, because I called judge preskas call on a Dual and simultaneous fact finding process for our case. Even though I didn’t even know if it was possible.
Just food for thought, nothing’s set in stone with my thinking around all these issues.
Cheers everyone.
Neil Woodford screwed up towards the end there is no denying that but until that point he was one of the best and I would invest in him again ,
I lived just out side Henley on Thames when Neil started at what was then called Perpetual and got to know him a little and I always found him really nice but he was a very “ confident “ person so did attract the bashers quite early I’m afraid so the knives were ready nearing his demise
With regards to Invesco, i thought it was a bit touch and go also - if they would sell up in BUR. Thought they might have a clear out of the underperforming stocks, like new boss stated he was going to - But if they have good researchers I'm sure they are in the loop, of future prospects - but you never know for sure!
Maybe Woodford will get his new fund at Juno Capital he's joined to invest here again! He loved this stock - right or wrong he was a good picker one time for over 20 years.
Exactly!!!
Repsol got paid out so we’ll get paid out. The biggy is ... how much ???? And I’m beginning to feel a little more confident that it won’t be a small amount of penny’s!!!
This has been hanging over us a while now (understatement) but imagine sitting on the sidelines in the US waiting for the bell to go !!!
I imagine a few institutions are probably already talking to the likes of Invesco although with Bennet now gone I’m not sure they still hold ?
Cheers FFC,
This all looks like red tape and bureaucracy at play. Game play.
The judge said that she did not sending this case packing to Argentina, because the Argentine counsel stated it was a complex case for their government to unravel with in their many reasonings, but the Judge disagreed stating this is a rather a 'simple case'.
Good point TWT
I imagine then they really were trying to look a little better and were hopeful of investment into the country ???
Maybe now there is nothing they can do to redeem themselves ????? Also I guess it’s different people calling the shots ??? Plus it’s been said that it’s cheaper to make us wait even though interest will bump it up significantly!!
Not sure what they have left in the locker but hopefully we’re in the final stages now ??
I have to say that has now made us even more attractive to the US investors leading into the dual listing !!! IMO obviously
So if ‘hypothetically speaking’ we lost this case next year
Why did Repsol win ...
why didn’t Argies use the 3 month to appeal rule on them ...
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSBREA1O1LJ20140225