Member Info for Gallmat

There seem to be many large holders here. It does make me wonder if we should collectively email the company. We probably own a few percent of the company

Company just needs to issue an rns to explain the additional workflow being conducted.

Crazy share price, just low volume

Even if it is delayed, all they need to do is explain the extra workflow in an RNS.

If they said it was due to offtaker negotiation or Tio2, there would be no issue.

Delays are fine they happen, it just needs an RNS

I was just reading the information on largo resources tio2 plans.
https://s27.q4cdn.com/288457300/files/doc_news/Enhanced-Access-to-Vanadium-and-Profitability-Indicated-by-Pre-Feasibility-Study-Strengthens-Foundation-for-Strategic-Commitment-to-E-H6FB4.pdf

1. 25m usd investment for a 150k/year ilmenite plant. Probably we could work with a plant half the size, given our resource.
2.ilmenite is trading at 380 a ton, although historically more like 210
3. in footnotes 8.1 they estimate Ilmenite concentrate costs of $55.00/tonne processed.

it feels like there is quite a margin for largo for their project. if we did something similar we would be using an input with 30pct+ tio2 vs theirs at 11pct. surely our costs would be lower?. also out input is effectively free ( an output of our dso operation). Their timeline from build to production is also around a year, well they said invest in 2022 and produce in 2023, so it depends on how you read it..but reasonable in anycase.

Fingers crossed. With iron ore and vanadium having a mini spike, it might encourage them to release dfs.

Tough hold decently, fingers crossed

https://youtu.be/7Nh5j8r64y4

This is aus interview

I think he said the fees were normally based on a multiple of capital invested raising to 300pct.

He knows our irr is 70 pct so i am pretty sure he would not put a cost of capital as say libor + 10pct
. Ouur 50m usd debt facility has higher cost than that.

I do get your point on reinvestment.

So far i am going with guidence as they have concluded over 250 investments in a timely fashion.

On the time to get the money. The ceo says there is a cost of capital clause in agreements. The longer we wait for pqyment the bigger our fee.

Actually if we have won, and have no uncertainty on result. Waiting longer is good as we get higher returns with no risk. He said this w.r.t the australian or new zealand case they put in rns.

If you listen to the interview by ceo. They target cases where the accused have litigation insurance.

So once it is legally won what excuse does the insurance xompany have.

In carillion case, financial.times notes that the accountancy firm has indemnity insurance policies

I think burford did nearly 400m usd in a half year.So i think we should be able to get our cases into 3rd party funds. They probably have lined up cases pre closing of 3nd fund. I think ceo said that previously on an interview.

The amount we need to deploy vs the larger funds is very managable.

Loving the stock

To make a huge stock return we probably only need to get 100m gbp into cases. That could easily grow to 250gbp with company being worth 500gbp on 2x book value

Can you imagine if this investment was within the 3rd party retuned. Our return would have been doubled?.

Partick said in the AUS interview they are writing contracts to target 300pct return on investment

1.7 cad to gbp

Probably as part of renumeration programme.
Small amount

Any other interesting uk names.

Btw. Simon thompson and funky finance do good articles on lit. Funky finance vids are good

Thanks. This is a great interview with new info.

Interesting to see fee structures targetting 35% or 3x capital. Also stating 93%+ of cases settled out of court. Seems like the people they sue have insurance policies..so good to know pool of cash is there to claim against.

Last lost case was pre ASX listing...wow.

Yes it is correct.
2nd fund will close in stages. They will do an initial tranch for the investors in first fund at circa 200m usd. The remaining 100m will go for new investors.

There are about 16 cases i believe over 27m ( aveage time for resolution) so i expect some good earnings soon.

Once we get the cash in, i think it looks very promising as out 150% roic will jump to nearly 300% when coinvesting in the new fund

thanks,
I thought all targets were shown in latest corporate presentation (page 8)
https://jangadamines.com/wp-content/uploads/2021/07/jan-q1-2021-presentation-19022021-final-1.pdf

But it seems they did not show a picture of Mocidade in the presentation. Very interesting, given the RNS you highlighted

Is there any hostorical info on mocidade. There is nothing in latest presentation

I still so not understand why people doubt they can maintain a good roic.

If you said the following:
1. You are an expert in looking at bets.
2. Before you bet, you can look at 100 games and choose to play 3 you like the best( invest in 3%).
3. You can choose a game where if you win, it can be a multiple of what you loose if the bet goes bad ( asymettric returns)
4. If you bet with a friend( 3rd party fund). You get your winnings, and your friend gives you a bonus equal to your winnings.

This is essentially the LIT proposition. Sounds good!

The new 3rd party funds ( point 4) massively improve our future odds. Because your payoff when you win is doubled, and your loss is the same. We cannot change odds of winning courtcase, but 3rd party funds massively improve our implied odds of making profit.

Even better because of 3rd party funds we can 100s of bets rather than 10s of bets. This will smoothen out the return profile, reduce risk and also give a more steady profile of realisations.

Evem better the cost ( staff cost) of deciding what to play is semi fixed. The staff cost as % of your bets does not massively increase with valuenof total bets.

Seems great to me!.

Simon thompson from investors chronicle knows his stuff.

The posts RE, firm always promising revenue tomorrow, well it takes 27m on average for realisation so during this 27 months of waiting it seems reasonable to say gains are coming later.
Also blaming issuing shares to raise the initial funds to start the business seems harsh ( you need to get your initial stake).

We are now entering period where past bets (investments) realise; we make good profits.

And even bettwr will be in an environment where there are lots of cases to choose from when reinvesting.