Member Info for extrader

Spin?

“The representative of the stock co that is going to be established…”

Why not use a shelf company?

YPF ADR's up 5% in the last month in NY, up 60% in the last 6 months, s/p seemingly unfazed by the 'little local difficulty'.

To their credit , in 24 hours they've dealt with the crappy website issue ...and updated it to include Fleming (appointed 3 months ago).

What's with the POD pivot? It now seems that HELD is going to become the Regus of cannabis growers (Rai's words), basically being host to a facility where individual distributors manage their own allotments, AIUI.....

HELD obv has to come up with something to set itself apart from the crowd - he spoke of 90+ farms in Greece alone, if I heard him right, all bar 2 now dormant.

Let's see how things unfold.

ATB

Better still,

From Seb 47 mins ago.

'"Judge Preska asks all parties to participate in a call on JUN 14. She has not yet decided when the damages trial will start."

"The call will take place the morning after Burford releases 1Q23 results.."

Which it RNS'd at 15:00 today.

Coincidence? Might cause BUR to be a little more guarded in its public comments.

Ho hum.

Bouchos,

Your 1557 is 13 April TAG reporting its holding as PCA.

Your 1604 is the explanation : 12 April notification that AZ as PMDR bought 925 million of 0.0002 nominal @ 0.0513.

No idea why it's being reported as a trade now...or the random 0.0008.

HTH

Thanks for this !

It's 'only' about US$ 140 million, but still a sign that the purse strings DO seem to be loosening somewhat in C-B.

World Bank of particular note as (a) global multilateral (not just EU); and (b) its MIGA subsidiary does lots of political risk cover, which investors particularly like to have..

I was curious to learn more about SPAC's, which were all the rage a while back.

Friel inadvertently declared his interest in one that was about to kick off, so I had a punt - SPAC.

It eventually morphed into HELD ...a cannabis co, as it happened, which was another area I was curious to learn more about. So I stayed.

I've no idea what Friel did or has done.

In this case 'curiosity killed the cat'.

We live and (hope to) learn.

ATB

Hi atg,

Post 'green-washing' , I floated a few days back the idea of 'woke-washing'.

As an aside, the recent Budweiser debacle shows what can happen when you misread your market or the Zeitgeist

www.cbsnews.com/news/bud-light-dylan-mulvaney-stock-downgrade-anheu

'Sport-washing' is in the same vein, people doing things that may not objectively make sense but which pander to the enthusiasms (or the prejudices) of the time. In Saudi's case ( + Abu Dhabi and Qatar) , a case of 'me too-ism'.

Investment decisions aren't just about the numbers, there's often a lot of emotion involved - as I'm sure we all know, to our cost. Today it's about football teams, tomorrow it may be about steel plants...

I believe that the investment case for ZIOC is likely to be enhanced by the current enthusiasms and - if we get a deal - will favour a higher price than might otherwise be the case.

Do you have a problem with that ?

;->

It may have. Never underestimate the power of FOMO...

Just look at the current palaver over the Saudi takeover of golf and their buying up of ageing footballers : this is all because Qatar got the World Cup, so Saudi has to go one better...

If they're willing to pay eye-watering sums of money for that sort of thing, let's hope they're in the same frame of mind when it comes to getting their 'integrated' steel mills up and running.

ATB

i sold out today.

held was never a 'conviction buy', i came to it via the connection to cathal friel.

it was a chance to learn about spc's (the slow way, as it turned out) and i stayed because cannabis was another learning opportunity (and a more expensive lesson : i took my eye off the ball).

i've written a long note to myself on advfn - cathartic - re 'lessons learned.'

my main concerns were :

-the business pivot and apparent delays in production , with likely cashflow/finance implications;

- the operational license query flagged up here;

- the poor quality of the website;

- the prior track record of carl haffner and the curious timing of some of his linked-in messages;

some of this would normally be catnip to *************/winnifroth and i'm mildly puzzled as to why he seems to have turned a nelsonian eye on this occasion.

all imo, dyor and atb

Yes...because it's now at 49.60

Maybe something will come of it, maybe not.

Anybody financing would want to be sure about the product.

Sundance is suing for expropriation. It's being bankrolled by Burford (BUR - I hold), which finances litigation (preferably cases that it thinks it will win, obviously).

It's just won a case against Argentina for expropriation of YPF, an oilco. For which it expects to be awarded somewhere between $3 and $ 5 billion.

The Sundance case started a while back, likely before the latest flurry of iron-ore related activity around (we think) Sapro Mayoko and ZIOC. At some point, Nguesso will do what's best for Nguesso, Is my guess-o.

With execution risk up - Montara, Akatara - and upside down - enforced $ 70 POO hedge; warrant overhang; and lack of clarity re Tyrus's ultimate intentions - I've taken the 15% hit and moved on.

If/when circumstances change, maybe I'll revisit.

Meanwhile, GLA.

Mean

Hi Mcsquares

.."Traditionally, the U.S. summer driving season starts on Memorial Day, which lands this year on May 30, and lasts until Labor Day in early September..."

The season has already started...and the SPR hasn't been re-filled yet, AFAIAA.

Both should be good for oil s/p.

Making it doubly unfortunate - to put it mildly - that JSE has now tied its fortunes somewhat to USD 70...

IMO

I'm also with HL.

The relevant bit in their msge(s) to me is this : .."In our previous correspondence we advised that you had a guaranteed ENTITLEMENT to tender (i.e. elect to sell) 65% of your shareholding, with the OPTION of asking to tender more than this."

Like many, I OPTED to sell 100% of my holding, on the off-chance that others wouldn't tender.

HL then clarified that there was a 65% cap. They also (helpfully) split my holdings in two - 35% and 65% .

I was able to sell the 35% this morning and they have told me to expect the proceeds of the 65% on/after the 15th.

I ended up making about 5% on the arbitrage over a 4 week holding period, so - providing they pay out on the 15th ! - am happy with how things have turned out.

HTH

Note the issue date - Nov 2020 . Gives an idea of the lead times that SRT has to work with.....a pain, but also part of their 'moat'

Some background info

https://documents1.worldbank.org/curated/en/932271606249377198/pdf/Concept-Environmental-and-Social-Review-Summary-ESRS-Fisheries-and-Coastal-Resiliency-Project-P174137.pdf

HTH

I would like to think /hope that we're at the foothills of 4on the Lassonde curve...

kuchling.com/the-lassonde-curve-a-wild-ride/

My point exactly.....and no doubt part of Vale's 'sales pitch' to Abu Dhabi, Oman and Saudi...

...since ALL the attendees (esp from the neighbourhood) will be wanting to showcase THEIR green credentials....as much for domestic political consumption as anything else.

Plus a lot of willy-waving and 'face'.

If that's what it takes to get us over the hurdles to a deal, I for one am prepared to curb my cynicism.

Hang on a bit, Jiving !

The next COP is in the UAE, we want the hosts to be burnishing their 'green'credentials by showcasing their investment in ZIOC !

;->

PS "A point of principle only means something/ anything when it actually COSTS you..."

PPS I just learned a new term today : move over 'green-washing'.....the latest trend is 'woke-washing'.