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There is a whole section under “Our energy” dedicated to “Green gas” which outlines their exposure.
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I'd read into it that there was a late reported trade for 1.7m shares at 14:06.
Not everything is a conspiracy.
Crikey, what a motley crew to be chucked in with.
Well done on managing to write an article where you get the share price and market cap wrong, fail to update readers on the successful Fodere testing (and the upcoming 25-tonne test!), plus the significant stakes in both BRES and Fodere itself.
I must admit that I am left quite frustrated, even after today's partial recovery.
LIT approached £1 yesterday before a completely ridiculous reaction to the Supreme Court ruling. Researching and concluding my post at 15:38 took approximately 5 to 10 minutes. I was 90%+ confident. LIT had given us the information!
Yey, 10 minutes later, a moron states I am wrong. So confidently so that I had to go and double-check again. I wasn't.
Ultimately, we have lost precious momentum and that is extremely disappointing.
Good find, Lithrin. I expect a strong recovery tomorrow.
From @Buy100ozSilver on Twitter:
"https://www.supremecourt.uk/cases/uksc-2021-0078.html
Clicked on the link within that article, they would have been aware of this looking at the dates. The fact Jonathan added a bunch of shares March 17 despite this ongoing risk suggests low risk to $lit.l .
Hearing date Feb 23, judgment July 26."
You don't mean hedge funds, you mean Institutional Investors, of which LIT has a number. Holdings RNS may confirm, but I wouldn't expect this may be PIs panicking.
Don't bombard them - they will have been well aware of today's judgment but will have to run any release through lawyers/Nomad/broker/etc.
Give them time. It would be better released into close now to allow market to digest.
Gallmat - can you relay what they said, why would we all want to bombard them (they are a small team)? They can't give price sensitive information, so you should be able to share freely.
You are spot on. Opening paragraph of news article:
"Litigation funders will have to redraft the terms of their agreements following a widely awaited ruling by the Supreme Court this morning. In PACCAR Inc & Ors v Competition Appeal Tribunal & Ors, four out of five justices ruled that such agreements fall within the statutory definition of damages-based agreements (DBAs). As they had been entered in to without satisfying conditions for DBAs, they were therefore unenforceable."
It isn't saying that litigation funding HAS to be DBA-based but, if they are DBA based, they need to satisfy the conditions of them.
As far as I can tell, LIT don't use DBAs, at least not widely.
See RNS dated 20 July 2023 (last paragraph before commentary from CEO):
"In line with our usual practice LCM's returns are calculated as a rising multiple of invested capital over time."
This is not a Damages Based Agreement (DBA) and therefore we should not be concerned!
It's online, you complete moron.
Bloody hell, is that what you really think PE stands for?!
Agreed, whl2, the only incompetence often appears be PIs... viable a prime example here.
I would suggest having a look at my Twitter (same handle - goleftmassa) and the recent tweets from myself, Dcat, etc. on the potential numbers behind Fodere.
In simple terms:
1) Fodere is very much looking to construct a South African plant (see their website for details) and it is important to remember that they have purchased 44mt of stock feed for this very purpose (this equates to $27.5bn of contained metal);
2) Fodere's plant intends to start at 22kt capacity and expand to 80kt at stage 2 though. At 80kt, we are looking at 550 years of mine life, so one would think they'll be a stage 3/4/5/etc. here too...
3) We can only guess how the technology would apply to Pitombeiras at this stage but, if we assume that the 25t bulk sample is successful, it isn't inconceivable to imagine it acting as a showcase project for the South America IP rights.
4) We haven't got any information on how the licence rights will work with Fodere, but I imagine they could get royalties/licence fees from Pitombeiras and/or any future projects utilising the tech...
Fodere is blue sky... even if JAN got diluted by 50% in any future raise to get production started, a ~4% interest could be many multiples of JAN's current m/c...
Picked up another ~43k - had to buy in very small tranches.
What do you mean? Brian is the lender, getting a 30% interest rate on a highly risky loan (BUT, which is secured against the facility).
It's incredibly opportunistic from Brian and probably a reflection of the state of the cannabis market. I can't see any read across to JAN, but it points towards his firepower/wealth.
Why would you use a frankly uneducated and unsubstantiated estimate of future pricing when you don't need to? There was a report yesterday that Brazil is turning away Potash due to current stored volumes, so that could lead to downward pressure on pricing in time.
Use the current price and a sensible rate of growth and you can value HMI constructively and in a valuable way for existing and future shareholders. It is significantly cash generating already, we want to limit the risk of being seen as another P&D merchant!
You do realise that 20c in the minimum listing price of an IPO on the ASX, don't you?