Member Info for Gtx1

Bessent is a perfect choice ok, though will Trump adhere to the experienced excellent advice bessent will give trump ?. If trump does then it will be a first for trump, LOL, and if not then Bessent will get so frustrated about his own reputation with trumps counteracting bad decisions that he like so many others might just walk . If you want to know what the future might hold then just look at some ones past. !!! So let's hope trump listens to Bessent now .

GLA

Extrader yes your right both these countries have a political dark side ok , and as you state they are not nice people, just like Argentina there's to much corruption at high and low levels of power, that's why they are all in a economic fiscal bad way , it's obvious to me Sundance got their mining licences illegally revoked because someone somewhere in the Congo offered money upfront to a top Congo minister and also unseen under the counter for those mining licences, and as usual that countries tax payers will foot the bill, and just like Argentina, stupid reckless decisions coming back to bite them,

Stand in their way and you die a mysterious death, also those lawyers that were replaced , we're they dismissed or was it convenient for Cameroon to tell them to say they resigned because they were not paid, more likely they resigned because Cameroon wasn't being straight and honest with them about what they actually could deliver on this settlement agreement, and then Cameroon can say we have delays because they needed to get new lawyers and then get them up to date with everything, how often does any sovereign state not pay their lawyers in cases that involve hundreds of millions of dollars !!! ? I'm guessing in cases were the state wanted to intentionally delay payment. As I said before a good faith cash lump sum may have averted this ridiculous situation.

Thankfully Burford normally negotiates most of its claims in that they receive first call on any money received , or at least all their legal outgoings.

Burford will make some seriously good money from these two cases, things are a bit , will they pay up or won't they pay up, if they don't pay up it should effect their credit worthiness and that makes it harder for them to borrow again , also with higher interest rates applied because they can't or won't pay their adverse legal court cases. So they would be stupid not to pay up as soon as possible.

Extrader the mining industry is notorious for dirty deals, bribes involving payments , gifts, and travel arrangements for congolese officials that cost people their lives and not in accidents. Black money payments are given to reduce taxes and fines. !!!

Thankfully Burford is at arms length from all that illegality and is just picking up the profits, as Chris Bogart says from "bad actors" in the Congo and Cameroon 's political life, a fish rots from the head down.

GLA

Extrader I can't find were any part payment was handed over to Sundance from congo, just that nothing was handed over, ? though interestingly the fact that Congo couldn't raise the funds possibly indicates that the settlement money maybe well over my earlier settlement amounts /$2/3 + hundred million , because Congo has or had around $900 million dollar reserves in its coffers 2024 , so why didn't they just hand over what they could afford at that transference point, ?

I do think Congo wanted to pay up ok , though dollar lenders may have wanted a higher interest rate at the last minute and wrecking the whole process, or another financial problem occurred, but still why didn't Congo hand over a chunk of its dollar reserves in a show of good faith.

Another thing the Cameroon case ? Sundance estimates that claim could be up to $5.5 billion, so I'm sure Burfords coffers will get first call on any gained proceeds from these two big cases as indicated/ stated by Sundance themselves , with their own shareholders sharing in the remainder of the settlement money, I read that in sundances shareholders report, obviously all agreed on at the very start of taking these two big cases on.

Burford could make some substantial profits here ok , " WHY" because they are clearly very valuable cases with Sundance under financial pressure themselves , they would not have taken on these cases without Burfords financial fire power, so that for me indicates Burford must have got a cracking good lucrative deal here for us by virtue of Sundance own financial weaknesses, possibly in the ball park of that big Russian husband and wife Tatiana AKhmedova's divorce case were Burford got £74.6 million as our share alone,

So as you state extrader Cameroon 's representatives have championed the causes of good ethics in business and commerce, so hopefully they will pay up ok.

So I'm expecting a great pay day for both of the sundance cases for Burford capital's coffers. Why do you think Burford is a strong BUY from 5 Top financial analyst.

GLA

Yes it does seem like Congo failed to deliver the required payment under the July 2024 agreement with Sundance mining, so now it's moving on to the arbitration proceedings with the international Chamber of commerce.

It's another poor country, I expect that initial settlement deal was for substantially less than the $8.8 billion and maybe only in the low 2/3 hundred million + dollar bracket. Still Burford should still get a lot more than it put into this case.

How does congo accept a negotiated settlement deal and then doesn't even pay up !!! ? What's that all about then, or was it ever going to pay up in the first place , or was it just stalling for time like Argentina . !!! ?

GLA

Great renegade that your reminding us of these other big cases, here's another reminder about this case below , also the conditional settlement might even appear in our profits before we even expected it renegade.

https://www.mining.com/web/sundance-settles-dispute-with-congo-republic-over-iron-ore-project/

GLA

Https://www.zacks.com/stock/research/BUR/price-target-stock-forecast#:~:text=Burford%20Capital%20Limited%20currently%20has%20an%20average%20brokerage,Hold%2C%20Sell%20etc.%29%20made%20by%20five%20brokerage%20firms.

Just a brilliant company .

GLA

Planit my opinion comes from numerous articles I've read about online, if you wish to confirm or find out if I'm right or wrong here then just Google or ask AI all your questions, I'm confident you'll find my answers reasonably accurate planit,

GLA

Planit sovereign debts have very strong protections and powers under international sovereign immunity laws, now just look at the billions of dollars that America has frozen that belong to Iran , with American soldiers and their families that are still fighting to get their hands on it to compensate them for Iran's involvement in a terrorism attack against those American soldiers, it's been dragging on for too many years now, yes "iran" the same country America dislikes intensely, and all because of the strength of sovereign immunity laws that protect that money, though I feel Trump will strongly back those soldiers in getting that money now,

It's not to say anyone cant sue a sovereign nations for assets or money , it's just fraught with years of very expensive litigation that may not pay anything out at all, and it's extremely unpredictable in outcome though not impossible to win.

Planit I can assure you that if Argentina sent $5 billion dollars to pay its sovereign bonds interest payments in New York and Burford tried to get this money. then I'm sure any American judge wouldn't allow it to be taken by Burford, this money by its very name is a sovereign asset to directly pay a sovereign interest bond payment debt to American investors, now if Argentina just had $5 billion placed in a American bank account just earning ordinary interest then Burfords chances of getting this money to satisfy its court award would be very good indeed, though only after a lengthy court battle.

GLA

Argentina is already experiencing the advantages of coming nearer with respecting international commercial law by acknowledging its need to pay its international court judgements, it only needs now to follow through on paying or genuinely negotiating with its debtors, doing this plus on top of it's drastic austerity programme have increased the value of its sovereign bonds by as you state 2.8 times they were in October last year, so if it pays its court judgements with these same sovereign or rather new sovereign bonds, then it's now inevitably much cheaper to pay off its financial liabilities now.

Also there's no universal legal requirement to pay off either of these types of debts first , it's basically down to what any individual country sees as which is more important to its fiscal needs, though sovereign debt would nearly always win out here. No one wants a default on their hands, that's inevitably far to expensive a route to take. So as we've seen court judgements usually take second place.

Our shares seem to be doing ok right now, Javier Milei can be sure trump will help him ,though trump has always said American interest first, so that help will have its limitations ok, Javier milei is doing his we Argentine dance around the Chinese president and anyone else to achieve what he wants for his own country , so I'm quite sure trump knows he has to protect American interest first / Burford, and balance that with helping Javier milei, we all know Trump will cross anyone in any way to make himself look like a American winner, and if that means making Argentina pay up then he absolutely will do that, if it serves his personal agenda trump would Burn anyone at all in my opinion. Milei watch out LOL.

GLA.

Very interesting indeed , if America wasn't the world's number one reserve currency then it would probably loose it's AAA or is it AA+ risk Rating, and also unable to just easily print whatever money it needs to run its country, so I guess China is just letting America know that it has vulnerabilities here, just as China has vulnerabilities if Trump puts up crippling tariffs on China's own exports, they both can damage each other, Trump doesn't completely understand that financial markets and world trade is a very complex ecosystem that if tampered with in the wrong way can easily cause very serious damage and long lasting ramifications for most of the world's economies.

I'm hoping that Argentina is right now organising some type of payment for the UK,s $1.5 billion court award against itself, if that gets paid then our share price should get a upwards flip , and if not then a downwards movement, I'm very optimistic Argentina will deliver something good here. All eyes should be on this very important news.

GLA

The more those bonds go up the cheaper it is to pay Burfords settlement award, those bonds can or should only go up to there predetermined buy back price, which should or hopefully be bought back at some point by Argentina, with Argentina then selling more newly printed sovereign bonds for another date, it's only the interest payments Argentina has to worry about, though if the interest rate is good enough and Argentina 's economy is going well then there might be a small premium on certain denominations of sovereign bonds.

Argentina really just wants to be free to raise fresh extra funds on the capital markets. milei is doing anything he can to buy his country more time regarding paying all these court awards, with his mid term elections coming up in the middle of next year milei can't afford to lose any of his small party, though he can't be put out of government as mid term elections wouldn't unseat him, it just really weakens him. Though Trump really could get the Argentine economy moving if he chooses to help milei in his capital control lifting and also his dollarization agenda. If he does I might even put a red maga cap on myself for 5 minutes. LOL.

GLA

GLA

Also thank you MrMarroc for keeping me / us right here, it can be difficult with us trying to understand all the complex court terminologies and information, it's very much appreciated by me and I'm sure by all of us here.

GLA

Now if titan "can" get paid then it's only a matter of time before Burford gets paid".

I'm very confident titan can and will get paid, now I'm wondering if titan like Buford would accept Argentine sovereign bonds after the legal issues are exhausted and finished ? Surely that would get Argentina out of paying any of its dollar reserves and also kick back any interest on those sovereign bonds until some time next year, titan would be wise to go down this route if it can and get a deal done , those bonds could easily increase in value next year if Argentina/ Milei gets any amount of reasonable help from Trump, Burford is not stupid , they and I'm sure the other institutional investors that share in our YPF case have discussed the potential opportunity of taking Argentine sovereign bonds in light of Argentina's improving prospects and along from a incoming Trump presidency.

Argentina is making most of the right noises right now bar just paying up, it's only a matter of milei needing more time to increase his dollar reserves and especially getting Argentina's capital controls lifted so Argentina can borrow billions from the international money markets, if Argentina doesn't pay it's creditors !! then who would feel safe lending billions Of dollars to Argentina, !!! ? The better the payer Argentina is then the lower the interest rate they will get on those billions of new loans that they require to develop their economy and also pay the interest on their present borrowings, so if Argentina doesn't play fair here then then are only shooting themselves in the foot here, so they must pay titan and the others or this financial circle will not be completed for milei to get what he wants.

Also those UK Court award Growth bonds money will have to be addressed or paid by Argentina in the coming month or months ? So will they accept Argentine sovereign bonds ? They might but less likely than obviously Burford, though that could easily happen ok. I'm telling you if milei even looks like he can get his dollarization programme going then those Argentine sovereign bonds will rise substantially and also making the paying out to our award much cheaper for milei.

Only food for thought.

GLA

🔴Argentina and Titan Consortium reach an agreement on the terms and conditions of the judgment in the Aerolineas Argentinas expropriation case. Argentina will be required to pay USD 389.5 million, including interest, which will accrue from the judgment date at a variable rate currently set at 5.11%.

Now if titan can get paid then it's only a matter of time before Burford gets paid.

GLA

Planit your absolutely " SPOT ON " Argentina would be wise to pay all its creditors ASP in sovereign bonds , they would save extra interest on the awards and the creditors would gain on the very possible strength of the Argentine economy when trump helps his friend Javier milei out.

GLA

Burford cannot raise its net assets until a interest rate reduction has occurred, as interest rates then rise then the discount rate applies the opposite way and lowering our assets downwards, = the higher discount rate reduces the present value of future recoveries lowering the fair value of our assets on Burfords balance sheet.

It is complex and confusing so it's no wonder it's hard to understand and just like our quarterly earnings balance sheet.

GLA

Also I don't believe the bond yields have any more to do with a rates rise other than a good indicator that rates could rise if they rise a above a certain point, though that could happen ok.

GLA

Burford can't price it in until interest rates go officially down. So we can expect another asset increase in our next set of results, that is unless interest rates go up again, and you know Trump will kick off if they raise rates again.

GLA

The Fed in the USA have just reduced interest rates once again, so that should be another paper increase in Burfords net assets at our year end results, looking good for burford.

GLA

Agree TWT, that's what the shorts are in business for ! Exploiting questionable confusing news, the D. O.J in America clarified their position in relation to sovereign assets and immunity, though In reality they are just protecting their own foreign policy interest towards Argentina, it would cause Argentina substantial internal political problems to turn over the YPF assets or shares to preska's court demands , that doesn't at all mean there's any issues around Argentina paying a reasonable negotiated settlement award to burford .

Now who knows if the American shorters also want to make a few dollars this afternoon doing the same thing !! ?

Maybe not I don't know, ! Though wouldn't you think they'd see that not to much has changed with our YPF case ,

I'm not expecting any new Jaw dropping set of results today, Burfords average history dictates that, just another solid set of increasing earnings being added to our net assets today,

As trump keeps on saying "America first " , M.A.G again, I can't see him allowing any country to essentially Rob American investors. though it wouldn't surprise me if he tells Argentina to pay us a reasonable sum of money that both sides can agree to, and I would guess Burford would bank any amount over $5 billion dollars. Though I can see trump allowing Argentina a fair bit more time to turn it's fortunes around before they pay out. It's just my guess,

I can see trump helping Argentina achieve it dollarization goals much more quickly now, Trump can as he does plough through the red tape that normally holds these things back. When that happens Argentina's economy will fly, all those billions will enter the Argentine banks in a much bigger way than we've just seen and bring Argentina back to its former glory days, they get what they want and Burford gets what it wants.$$$$$$$$$$ Billions in settlement money.

GLA