Member Info for Gtx1

Youonly it's refered to as appeal bond / see below,

Preska will most likely issue a appeal bond because of the massive size of our settlement award, preska knows how Argentina works in relation to avoiding paying out on judgements, so I'm sure she will be mindful around focussing Argentina's own law team into taking the right course of action, and that is to either put up the appeal bond money or essentially pay up in full, so it's make your mind up time Argentina.

I know the appeal and stay can be seen as separate things, though they are also used to combined to assist a judge to steer a court settlement award in the right direction, you can't have a loosing defendant ignoring a massive settlement award.

thus the different avenues open to a judges personal court discretion.

https://www.investopedia.com/terms/a/appeal-bond.asp

https://www.law.cornell.edu/rules/frcp/rule_62#:~:text=%28a%29%20Automatic%20Stay.%20Except%20as%20provided%20in%20Rule,stay%20by%20providing%20a%20bond%20or%20other%20security.

GLA

Ps, I don't know how my last post ended up getting jumbled up like that, the bottom part wasn't there , it was in the middle somewhere, though who cares as long as our share price keeps rising LOL. tomorrow will be very interesting indeed, youonly no offence was meant in my post towards you at all, I'm just perplexed about your post sir.

GLA

Youonly with respect your contradicting yourself in your post !!

You state Argentina won't need to post a bond , then you state Argentina will likely need to post a bond to stay/ stop enforcement while the appeal is pending, well which is it then, in order to appeal at all they must post a appeal bond, that still doesn't stop Burford from chasing after Argentine assets to collect on their award, though if Argentina was successful in their appeal then any money or asset collected by Burford must be fully returned , though that won't happen as they have little or no chance of winning a appeal,

Youonly you don't know if Argentina can't or won't pay up for a appeal bond, only Argentina knows that answer right now , and even at that they might not have made there minds up yet, as the new or incoming new parties might just pay for a appeal bond or negotiate this settlement award away and rectify the mistakes of the past administration.

So to be clear if Argentina wants to appeal they must put up a substantial appeal bond to show the court they are not just kicking the can down the road to waste everyone's time and especially the courts time, that's the whole point of appeal bonds, to deter people from just wasting time and holding off on legally paying a settlement award in full or essentially telling the court what it intends to do about settling the award in full, if they were not there sure wouldn't just everyone appeal everything to the maximum limit right up to the supreme court, it's normally all about stalling any full payouts and wasting courts time and using the court process and years of delays as leverage to get the other side to take their financial offer that's potentially on the table right now, that's what Argentina might or most likely do, or kick the can down the road again to stall paying out so Argentina can get next year's lost grain money in/ billions+ get more money in from their developing oil and gas fields, and then they are in a much better position to financially sort out Burfords full settlement award money, they might even negotiate this very scenario ,a small lump sum now this year and a lot more next year when their massive grain crops don't get destroyed like they did this year by a drought, they will pay ,though they most likely need more time and space to fulfil their financial obligations.

Burford will win here massively and also get most if not all of what we expect to get , / billions.

Accomp nice find, the good news will just keep rolling in this year and beyond, £25+

GLA

Yes Burford is clear very soon to start collecting ok when we find out how much our award is, though wouldn't be more sensible because of the potential massive size of our award to wait and diplomatically see how Argentina wants to definitely play this situation out, they might just want to tackle this now and try to get there country some international court lead and commercial respe

We deserve it and much much more TWT LOL.

GLA.

No stockpickfree Argentina's threat is not a bluff at all, that would be it's preferred line of attack here, but it's in a Kind of conundrum here, they want to appeal all this to basically kick the can down the road more , but to do that they should or need to post a large appeal bond, and something reflecting the actual massive size of our settlement award, they don't really want to do that either, so there's the conundrum here, negotiating a fair settlement amount or post a potentially big appeal bond , either way that outcome should see Burford somewhat richer or smiling like a Cheshire cat with a multi billion dollar negotiated outcome that may involve a longer time frame period, of which Burford can sell on for another discounted rate if it sees fit to other 3rd parties, with Burford washing it's hands of the whole Argentina storyline/ END OFF/

My " guess" is that Argentina may choose to go into several months of negotiations with Burford in order to delay thing's and get it's hands on the IMF / international monetary fund money , and use some of that money to post a potentially very large appeal bond to kick the can down the road more, they can do that as Burford is unlikely then start seizing Argentine assets from around the world, if the appeal bond is big enough then Burford may just hold off here , it's a tough one to call as the only thing that Argentina historically gives into is seizing there actually assets and blocking them doing business in the world, and what better place to block them than in America itself, I mean in financial terms not necessarily in physical buildings terms/ not a big enough return , when push comes to shove Argentina can normally find big enough money to sort out there financial obligations, just look at the big money of around $275 million they found to sort out that American oil spill or contamination problem with repsol, negotiated , money found and paid in full , so it's a reasonable expectation to get them to pay for a big appeal bond, though the best outcome for Burford would be to negotiate and give them our best deal possible as we ourselves haven't actually lost out on the re- nationalization of the YPF company. There's specialist negotiating teams within Burfords stable of top lawyers that could do a excellent top notch job here, and if not then there is other international negotiating teams in the world that can deliver, one way or another Burford will walk away with a absolute fortune here, my eyes are firmly fixed on this year's earnings that should in themself more than pay for our current valuation and share price. All this information and much more is out there to find. It's a Brilliant company and fantastic prospects.

GLA

Nice one renagade and Bluewiley,

What really gets to me is that Burford is worth a lot more than the current share price even with its ordinary yearly earnings, and yet the share price is yo yo ing with our current share price, it's barmy.

Separate issue,

I watched a panorama programme the other night about online phone scammers ringing you up and then sending you texts to verify yourself with them ,and saying they are from 02 , and strangely enough I've had about 20 such calls afterwards doing the same thing and saying they are from 02 they actually got aggressive to get me to comply to what they wanted me to do, please please be aware of these calls because they are so plausible and believable, if it wasn't for that panorama programme I would have been conned ok, they are so pushy and literally won't take a no answer even when I constantly confronted them with being scammers over and over again , just please be aware if they ring you, never give them nothing at all. And block their number. I'm just literally off the phone to them 20 minutes ago. Nasty bad people. how do they even live with themselves.

GLA

Stockpickfree, I believe the time frame until Preska gives us her settlement award amount is around 2 months. Though it could actually come long before that time frame if preska has a clear legal passage to make her determination, I believe she also has some court lead discretion on the interest payment amounts .

GLA.

Https://en.mercopress.com/2023/08/08/argentina-mining-and-crude-oil-production-grow-in-first-semester-of-2023

Yes BBH we only want justice and the compensation that comes with true justice, Argentina wants to put their country in order to eventually bring their country back to its glory days and be self sufficient in its national resources, it can achieve that ok but not at the cost to innocent YPF oil and gas investors, Burford has taught them a legal costly lesson, essentially don't steal from foreign investors or you'll pay dearly for it ,in national interest and monetary terms, just look at near the bottom of this link's text, =

According to the Contrahegemonía website, “the priority for the Government, the opposition, and the economic power is to organize the country around extractivism as a project of capital accumulation and national dependence. That is to say, to exploit as much of nature's common goods as possible, transforming them into ”commodities“, merchandise destined for the international market. The objective: to obtain dollars to pay the IMF and private funds.”

If they want all this then surely they had better pay all their international court lead debts, though mostly Burfords because of its huge size, though I would say that,

Argentina is going to do very well long term if it shows the world it recognises international courts and there legal determinations, and from that it then harnesses the big oil and gas companies firing power/ billions of investment money to get tax money back from the oil and gas sales,+ save on these exact imports, they can't presently really afford to completely invest in these oil and gas reserves themselves so it's essential that they court the big multinational oil and gas companies themselves with a solemn pledge to demonstrate that they respect international courts determinations and honour any financial settlement awards that flow from international courts, to do all that they really need to now start to respectful work on how they can at least show to the world that they are trying to deal with our upcoming very large settlement award, or at least pay a very large bond payment down if they wish to appeal the courts determinations or decisions, that's their legal right to do that ok, but not to then say they can't afford a large appeal bond payments, then they should put the ownership/ shares of the YPF company as a appeal bond payment, I'm sure Burford would be delighted at that gesture or development, I certainly would welcome that offer, and why not make that offer, if they are so sure they have a good case to win then put your chips on the table and take your chances, though we all know they have lost here no matter what chips they throw on the table, it's make your mind up time here, they obviously want to appeal to delay bringing this financial news to their own electorate right now, also they don't want to put a massive amount of money into a appeal bond, so it's possibly a appeal bond of some kind or another and hopefully one of a very large size,

The share price is obviously going to do whatever it's going to do until Burford can secure payment of our final settlement award, the thing that really baffles me is how could Argentina even contemplate making any claim that it can't afford the billions it owes burford when essentially the asset burford is claiming for just sits there as a viable hugely profitable oil company that just sits there making loads of money, Argentina steals the assets that our claim is reclaiming back in monetary terms and we seemingly just can't claim that same asset back to sell or do whatever we want with, it's a unbelievable situation in my view, Argentina should either pay up in full with our settlement award or hand over Argentina's shares in the YPF company, surely judge preska can see this oddity of this situation , it's similar to someone stealing your car and you suing them for that cars financial loss and the thief saying I've no money to pay you, with the thief also keeping your car, it makes no real logical sense , I get it Argentina wants to keep their own countries oil company to themselves to develop and to increase their own countries need to be self sufficient in oil and gass with the knock on effect to preserve Argentina's dollar and currency reserves, so then to keep the YPF company and its shares, then Argentina needs to pay this huge coming settlement award or hand back it's shares in he YPF company, so why can't burford or judge Preska state this obvious situation to the Argentine side, basically hand back what you stole from the injured parties / Burford or pay us in sovereign bonds and then Argentina can keep their YPF oil company, it really should be this stark a question ," give us back YPF or pay out the cash" , So why is this scenario not being highlighted by Burfords lawyers or the press, if they push in this direction then it will highlight just how much international companies can't trust the Argentine state, and we know they want to get these big companies on board to develop their own oil and gas reserves, so that bad press might put more international mostly commercial pressure on Argentina to settle here with burford.

It really beggars belief that the stolen YPF asset still sits there after burford wins it's claim for that asset in monetary terms and we simply can't claim it straight back again in lieu of or part payment of our settlement award , I think the world's a bit mad LoL.

PDYOR, GLA.

Interesting we read before tomorrow's share price movements.

https://seekingalpha.com/article/4621048-burford-price-in-the-heat-of-the-ypf-trial-suggests-liquidation-value?utm_source=simplywall.st&utm_medium=referral

Gla

I was to busy yesterday to appreciate the " planit" post below , it's very well written with some really excellent observations .

My only thoughts around the paying out of our award is that in order to get Argentina to settle quickly or before several appeals which last for at least a few years, then the legal settlement norm is to settle for around 50% less than our award, that's the carrot and stick approach that's normally used to entice our opponent or Argentina to save money and settle early, I'm expecting the award to be around $16+ billion dollars with a 50% off for good behaviour/ early payment to give Burford around $8.4 billion dollars , as far as the IMF goes it's really none of their business , and yet it is, though I don't feel they would like their money going to just pay a $8.4 billion dollar court award , though some of that money could or should be used to pay a court bond if Argentina wishes to appeal, say at least $500 million dollars or a lot more ? I'd be delighted if Buford gets any higher amount than my indicated figure of $8.4 billion dollars, this amount of money is actually a massive unbelievable amount of money to come out of a country that's right now financially struggling, though Argentina didn't care about the innocent YPF shareholders financial losses when they essentially stole there money from under them , so it's pay back time and Burfords fantastic legal strategy has paid off in winning terms and soon to be monetary terms. our shares should at least double in value if not a lot more well inside the next 12 months, I do believe these shares are worth at least the figure on the wall street platform of over £25+ a share . the brilliant thing about Burford is it's a recession proof share, and a recession only increases the amount of litigation work we get and also increases our earnings, it's the best place to be in a recession or any downturn , throw in a massive YPF settlement award and we should easily sail past £25+ in the next year or so , I'm extremely optimistic for Burfords future , brilliant share to hold.

PDYOR, GLA.

Excellent renegade and especially Bluewiley for posting all that, it makes great directly to the core of this case reading, I will say it for the last time , in relation to what Argentina might pay to Burford , just look at Argentina's own governing legislators submissions around what they've pencilled in to possibly to pay out to burford in this case = $8.4 billion dollars. that's their words not mine, surely they should know best as they are ultimately paying out all this money to Burford.

Whatever way this Swings burford has some really serious money coming it's way.

GLA

A really big Thank you to Sebastian marils latest post and for all his excellent reporting on our YPF case, to go personally to New York and observe all the evidence and events and to then expertly relay it to us and all his followers on Twitter/ X was truly excellent work , he's a brilliant journalist and I personally thank you just once again Sebastian.

No matter what happens with the actual size of the settlement award amount we will have a massive award against a sovereign country that truly needs to learn from its mistakes , commercial or otherwise, this coming judgement award and amount will have to be dealt with by Argentina if it wants to gain any respect at all from the world's commercial industries , Argentina wants to gain respect and also show the world it respects international law and especially commercial law if it wants it's natural resources developed by the world's biggest companies, these big companies need that reassurance to freely trade in Argentina, so it's actually incredibly commercially important that it respects international law and arbitrage outcome , so even if they indicate further appeals on our winning YPF case, I still would fully expect them to seriously get down to negotiating a outcome that serves both parties at some level, burford would probably want or consider selling this massive judgment to 3rd parties, so wouldn't you think it just better to cut out the middle man/ woman and burford just accepts that same lower amount of money that burford would just get when they sold off to the potential 3rd , it makes a lot of sense to me, though I guess anything can happen here, I will say this again this judgement will just sit at $16 billion dollars or whatever it is until this is negotiated away by Argentina, a sovereign country also can't afford to leave such a unpaid court judgement unpaid , as it will deter multi national companies from freely trading in their country without international law protections. So Burford should get it's money ok one way or another, it's just a matter of exactly when it gets those billions of dollars. Not if, but when. 2023 will be a fantastic year for Burfords shareholders.

GLA, PDYOR, and never buy on anyone's say so .

Interesting that Argentina's potential new party may bring back some good fortune to its economic outlook. With its bonds rising and making bond creation a lot cheaper to pay for its foreign court bills.

https://www.hedgeweek.com/2023/07/14/321317/brazils-vista-makes-small-argentina-bet-ahead-election

https://en.mercopress.com/2023/07/29/argentina-announces-new-deal-with-the-imf

All in all Argentina looks to be on a better pathway than it wants the courts to know about. ! Also Argentina could potentially get back to a half decent economy and it's former/ along time ago economic position. It has fantastic natural resources to achieve this aim. The point being they will be able to create new bonds for burford and service all it's debts in the medium to longer term. Burford will eventually get it's settlement money.

Please DYOR. GLA.

Burfords share price is a at least 20% below what it should ordinarily be at right now, and that's completely without factoring in any multi billion dollar YPF settlement award, so our court win and expected big pay out hasn't really even touched our share price at all, Though that should change somewhat in a few months time, a lot of people don't get this opportunity at all, they see Argentina pleading poverty with it's mis -managed economy being destroyed by its past political parties, and think to themselves where will Argentina get around $8.4 billion a to pay us, the country looks so financially broken and in debt, though nearly every country in the world is seriously in some kind of serious debt, even the UK and especially America, Argentina can create another set of interest paying bonds on our award, with Argentina having to service the interest on these bonds, if the polical will is there then it can be easily arranged and done, so burford needs to first go on a charm offensive with specialist negotiating teams to the old or new arriving Argentine parties, and failing that then it's straight into freezing Argentine assets from around the world, as long as we have this very large court award then it's a massive settlement award against a sovereign country that just sits there for as long as it takes to collect that award, burford is a specialist at converting monetary awards into bankable money, look at how they banked $260 million from this case already, and without even getting a winning court judgement at all, amazing, we didn't expect that stroke of genius move , so I'm very confident Burford will deliver a spectacular financial amount of money into Burfords coffers, one way or another burford will make Argentina pay its financial monetary obligations. Only a fool would be out of these shares right now , a very substantial re-rating of our shares is only months away now. Though the share price probably won't truly reflect this massive potential right now, it wouldn't surprise me at all if our shares were at between £14 to £18 or even a lot more by Xmas. I would have no hesitation at recommending Burfords share right now, brilliant company and prospects.

PDYOR, never buy on anyone's say so.

GLA

I'm not invested here , though watching for several months now, interesting investors chronicle just tipped it a several weeks ago,

https://www.investorschronicle.co.uk/ideas/2023/07/12/why-is-rbg-one-of-the-lowest-rated-stocks-in-london/

Though now the dead wood is possibly cleared then longer term a speculative buy position might be considered , when dividends eventually get paid out again then they should be reasonably generous . One to watch I say.

GLA

I'm not invested here though this should bounce back very soon if not just tomorrow morning after investors and the markets realise there's no real risk at all here to that grasping at straws in desperation to stall or derail the LIT case, these sorts of things happen frequently in litigation , the lawyers know they won't win , though they will nearly always try and stall the paying out of compensation awards. The supreme court should see it for what it is, just desperate people doing desperate things to avoid paying out. LIT has no concerns here. A definite buying opportunity ok.

GLA

So how does this impact our share price and valuation after we get that approximate $16.8 billion dollar judgement,

I believe Argentina when they say the country is in financial poverty, though they themselves had no pity at all for the innocent people/ investors who lost their money when they effectively stole those billions of dollars in share money from investors, no apology at all, no compensation at all, no reasonableness at all to even address the situation, so does any judge , jury or investor care about the Argentine financial poverty plight, absolutely no, it's ridiculous to even consider under all these circumstances.

So what I think will happen is that Burford will get this full $16.8 billion dollar judgement ok , and would probably be best served to fight tooth in nail for every penny of that full amount over many many years, and let the Argentine state approach Burford if they want to do a sensible deal, because as long as they avoid a settlement , then burford can keep that full $16.8 billion dollar amount alive and kicking and work away taking as much money as they can possibly find and get their hands on,

Yes it will probably take a very long time to pull billions of dollars in from Argentine interest from all over the world, this in itself will cause immense problems for the Argentine state and from all around the world, so even If Burford manages to get a few billion dollars , sure the rest can be worked on for many years more, the full outstanding award can sit for decades until we get our money or Argentina comes to the table. Burford has fantastic connections and contacts to find out where Argentina's assets are ,and freeze them ASP, and slowly and painfully for Argentina our settlement money will truly add up, a sovereign government owes Burford $16.8 billion dollars in a court award and the stock markets don't even marginally factor in any real potential amount at all, it's unbelievable in my eye's, though sooner or later they will have to acknowledge this financial fact, with our share price rising substantially from the realisation that Burfords ability to substantially collect from this award is real and to be reckoned with by Argentina. Just look how Burford collected from that Russian billionaire, not many people thought they would get him to the table, and they did a spectacularly job there ok. So Argentina will be brought to the negotiating table one way or another. with our share price rising accordingly.

I'm on holiday so just dropping in here, good luck everyone. Please DYOR.

It will be a brave amusing person who makes a serious call on how this ypf case effects the shares right now,

I've said this before maybe we should all take our lead from the Argentine state itself, sure it was they themselves who provided their own parliament to the potential pay out amount on this ypf case, and that was $8.4 billion dollars, that's after a normal 50% reduction in our award from $16.8 billion dollars, they themselves are legally obligated to give this information to their own parliament, so maybe it would have been a excellent court lead tactic to officially ask the Argentine state for their own paper work as to how they themselves arrived at that actual $8.4 billion dollar Argentine pàrliment submitted figure, in those paper's the truth should be easily revealed and that should also back up our own reasoning around our own dates and compensation amounts, Argentina scored a own goal there with their own legally bound parliamentary disclosure.