Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I'm not invested here , though base your experience writeups and reviews on the people who participated in the trials , they are the ones that can be depended on , not the majority of dubious negative reviews, those established percentage buyers and product leavers have been found to be reasonably accurate, so it's obvious this product is a excellent money making seller, they wouldn't be advertising to this present day on itv if it wasn't selling well, this company will get snapped up by a major player when it's yearly sales figures get verified and legally established , I'm sure the takeout price will be many times it's current present value, the contracted sellers don't spend that huge amount of money on the current itv advertisements if they can't see it selling in big numbers and especially with repeat orders coming in. Another thing this product will sell even in greater numbers if a big industry player takes over the ownership of this product. Pfizer will just love this product when the sales figures show through, they need to see the profit and sales numbers in just a few locations before paying out hundreds of millions of dollars for eroxon.
Just my personal opinion , not a buy recommendation. DYOR.
GLA
That was a excellent read, It just goes to show the all round incredible expertise within Burford, it is arguably the very best litigation funder in the world, also it comprehensively won the YPF case against numerous legal roadblocks and come out the other end with a judgement of over $16 billion dollars , that is incredible in any legal circles, and now with Burfords enforcement expertise on it now it's just a matter of when Burford gets its money . I think it took repsol around 3 months to finalise its $5 billion dollar settlement / congress approval etc, though milei will have to beat that time frame if he wants to save his country a massive amount of extra interest payments $2.5 million a day I think, it's a exciting situation ok.
GLA
Brigra that report is excellent and comprehensive for when it was written, especially on page 82 where it states , " New York remains a important centre for sovereign debt issuance, " and any resistance from Argentina to pay damages decided by a new York court could jeopardise Argentina's relations with other creditors, including the IMF .
Though this report did not factor in the potential for a long odds outsider like Javier Milei becoming president, because Javier milei's whole plan was to court and eventually apply the American monetary system / dollarization, to achieve milei's aims he absolutely must respect our American new York based court award , thats what truly makes the likelihood of Burford collecting much more of this settlement award than before that report was written, in fact I would go as so far as saying milei's success runs in tandem to the success of Burford receiving its settlement award, milei seriously jeopardizes his own success if he resists a settlement with burford, thats why I'm extremely confident in something being negotiated by milei here, Burford is surprisingly right now in a really powerful negotiating position here and courtesy of Judge Preska.
As seb Maril has stated here, " what makes you think that Argentina is not talking to Burfords side right now " in all likelihood they are at some promising level even though the media pantomime may play out for their own respective audiences,
The bottom line for me is that milei needs this sorted ASP to progress his own really urgent political agenda, so the urgent need to find a big monetary revenue stream settlement award for Burford has never been so good as it is right now, In fact I don't actually think Burfords side thought they would end up in such a strong bargaining position.
For those that want a full settlement here Burford have themselves cautioned that a full recovery of this settlement award would be unlikely, though I stress here that was before the full ramifications of milei's need and desire to align Argentina to
the world's biggest commercial partners namely America, so it's anyone's guess to our Share price range, I did just weeks ago think around £17.50p would be reasonable and achievable here, though as Burford is in such a strong bargaining position right now I would easily join " Bluewileys " forecast of around £20 sometime this year or even higher, it really all depends on how Burford wants to collect this settlement . Sell, keep or partially sell. ?
GLA
A Good read from the blue board. all this should give great confidence around getting closer to our settlement award.
https://buenosairesherald.com/politics/judiciary/ypf-expropriation-trial-burford-can-now-request-asset-seizures
GLA
I don't think the supreme court ruling effected to many of the big litigation funders, I think they were easily able to side step that directive by the way the funders just arranged the collection of their settlement awards, though if the Ft is giving any type of backing and credibility to litigation funders then that's to be celebrated and applauded by every funder.
It was Therium who funded the post office claim, so I'm sure they are glad the government has set aside £1 billion pounds for this appalling misjustice to those poor innocent victims.
Still it's a win win here if it makes the litigation funding industry look like a white knight in shining armour.
Thanks for that extrader.
GLA
10 minutes of learning what Milei's about
https://m.youtube.com/watch?v=xh8GBSih92Q
GLA
Every little bit of good news / as stated below in link , will strengthen the hands of milei to do what he stated he wishes to do, that is to create a perpetual bond to pay a excellent income stream on any type of bond, milei may very well be still working on this bond , he hasn't said otherwise, I feel he knows he must deliver something here for international court led debtors. Will the shares to up or down in the meantime ? Probably both, but with the chance that if milei announces any kind of streamed revenue bond even over the weekend , then our shares could skyrocket in intrinsic value even before the markets open up again, in other words anything can happen at any time, better being in than out I say, because it's not like our $16 billion dollar award is going away any time soon. Burfords shares will eventually reflect a multi billion dollar settlement award at some stage here, I say stay in and sit tight.
As Argentine confidence builds so does our likelihood of collection build.
https://www.batimes.com.ar/news/economy/argentinas-importers-buy-bonds-in-turnaround-for-milei.phtml
GLA
This multi billion dollar crop really could in itself allow milei more financial and political breathing space and room to squeeze out of his fiscal deficit some kind of income stream for a special bond for preska's asset pledges, or milei just may have to live with the failures around paying sovereign debts, if he wants to bring any kind of fiscal stability to his currency and country he must at the very least pledge something to preska's court. He absolutely must create confidence in his country's ability to pay it's bills, This excellent crop bonanza could allow those missing billions from last years dollar earnings to reappear in his country's coffers, he desperately needs these dollars, " room to manoeuvre comes to mind here. "
https://www.batimes.com.ar/news/argentina/best-argentine-soy-crop-in-five-years-set-to-be-boon-for-milei.phtml
GLA
Thank you for all that very important information MrMarroc,
I can see the current legal side of this YPF/ burford stalemate ok , though if Burford moved quickly to just publicly state they were currently considering legally seizing any of the YPF assets in the future that they can get their hands on , then the YPF company / Argentina may not be able to give any guarantee to bond investors here, or even service the $1 billion dollar bonds, nobody in there right mind would invest in a situation like this, plus the added international bad publicity for Argentina and it's creditworthiness, its interest on its loans would go up, the very thing that milei / Argentina wants to avoid,
It might be to late to intervene here with these bonds, but as I say Burford only has to state once again it's legal intentions towards the YPF company and it could put the frightners on the YPF bond buyers, it definitely would to me ok. 24 hours can be a very long time in investing , anything can happen in this situation, even milei still might pull a rabbit out of the hat here for us. though I'm not holding my breath on this one.
GLA
Now I wonder what would happen to the YPF $1 billion bond sale with a seemingly excellent interest rate on it if Burford just publicly stated it was going to see if it can legally seize these bond assets in court, now we know they haven't a chance of success here , but just think what these potential bonds buyers would do if they thought they might loose their money if they invested here, nobody wants that type of small risk attached to a billion dollar investment, just the tentative mention of litigation from Burford side against these bonds would do YPF financial damage here, isn't it ironic that they YPF/ Argentina don't want this to happen and yet half YPF was stolen off the plaintiffs in the first place. !!!.
Burford wouldn't get these assets, but it's unlikely that most bond buyers would even want that risk anyway , perception is everything here, milei wants this type of damage taken away from his Argentine dream of him seen to be paying all his debtors, I say Burford to for it now.
GLA
Well we've finished in the USA at £11.74p Stirling ,they seem to think things look ok over there,
Also strangely shooting up much higher after hours, maybe someone knows something we don't. $15.59 c = £ 12.27p that could easily change,
Thank you Mrarroc for that Argentine insight, very much appreciated.
GLA
Well the game is on, Argentina is just behaving in a very similar way to most ordinary debtors, manoeuvring in the predicted debtors patterns, just like that Russian yacht billionaire who first played the litigation routes , then hiding as many assets as possible away from the plaintiffs as humanly possible, and pleading innocents to the courts, Burford will know Argentina's Achilles heel, though if Burford gets this wrong milei might dig in here and blindly and stubbornly refuse to negotiate anything at all, yes milei's saying the right things to the media/ we will pay all our obligations ,and then his very own lawyers are refusing to acknowledge numerous standing basic court orders in regards to Burfords court case, as long as the Argentine lawyers are holding off from fully negotiating with Burfords lawyers then the scean could or should be set for a asset seizure, as other's have stated here Burford would be stupid to show there hand here, Burford may have in my opinion privileged information from the Financial community around Argentine assets, because there are numerous
financial institutions who will share in this settlement money, was it around 9 ++ institutions who paid around $260 million dollars for a slice of this pie in the last sa!e, I'm sure they would point Burford in the right direction to get there just rewards,
The reason I'm not generally that concerned here is that Argentina is a sovereign state that owes this massive amount of money, if they don't negotiate here then Burford can seriously put real financial pressure on the state and most likely cost it even more financial harm in the long run, at the minute to me it seems like the courts systems have put real pressure on Argentina/ milei, in other words milei's cornered, it's time for him to play his best game of chess with this massive court case,
As " Bluewiley " brilliantly states milei only has to pick up the phone to his lawyers and tell them to negotiate in good faith with Burfords lawyers.
I feel milei maybe barking up the "right " tree if he's looking for a revenue stream and some kind of bond, for Burford it's our best hope to nail milei down with something financially tangible right now, it maybe our best or only hope right now and in a period where milei has so many enemies lining up to dethrone him, at least things are happening whether good or bad , it's might be annoying but not boring that's for sure, dare I say it, maybe even interesting times LOL. the next several days may reveal more news.
GLA
Interesting times ahead .
https://www.batimes.com.ar/news/argentina/ypf-case-argentina-pleads-to-judge-preska-to-stop-attachments.phtml
I'm unfortunately not invested here though it was just last Friday that I looked at futura's share price and investment worthiness , the first thing that hit me was how cheap it was valued at when the company is ploughing ahead with all the other countries sales / China and everywhere else, the only reason they would do that would be if the current sales targets are hitting their sales / profit targets, that means that a company that has a massive worldwide great selling product is only valued at £78 million on Friday, this company will or should get gobbled up by a massive multinational company in the same field, this product is selling ok and the repurchases numbers must be adding up for the company ok, and its selling partners are just ploughing ahead here. It's still a very interesting situation and low valuation and share price.
Definitely worth tucking some away for the eventual long-term take out price.
GLA
MrMarroc I fully accepted everything you've written in your post ok, it's really out of my own personal frustration and seeing the YPF company freely using it's own finances to spend as they wish be that it's own old debts or otherwise, and yet it's owners the Argentine state based backers can at any time decide to go the re-nationalization route with those same assets that were stolen off the injured parties or plaintiffs/ burford , so when you say the YPF revenues are not Argentina's and yet Argentina can sanction and direct it's actual re- nationalization timing and agenda, then it's logical to think that Argentina has most of the Financial control over most of that company , so if they can directly influence that company in that way then why not load up that company with dollar based debts and backed by the natural oil and gas reserves in one of the largest ever found reserves in history of the Vaca Muerta field's, and to think the Argentine government really took back control of the YPF company after these field's were just found, how coincidental was that then !!!
You say the Argentine government was always going to pay for the judgement !!! I don't doubt that Argentine liability and need to pay at all , though from where the plaintiffs or investors are presently sitting it does feel a bit wobbly in this area if our share price is anything to go by, I do feel Javier milei will come up with something to offer the courts and of course Burfords shareholders etc, it only comes down to the security of those pledged financial instruments or payments,
Hopefully and I expect burford doesn't have to end up freezing and claiming ypf dividend money or even Argentine buildings etc, because the magnitude of money we're owned would be more collectable using a USA led political or commercial bodies intervention agenda, in other words suck up to or court the Argentine state with the right people.
So in conclusion your post was most helpful mrMarroc in pointing out some of the complexities around the targeted interesting collectable avenues available for Burfords shareholders.
GLA.
Your to generous Bluewiley, you still found it on the blue board LOL.
Also just look at the surplus free money the YPF company has and wants to spend it on buying back it's own Dollar denominated bond's !!! Argentina steals half of YPF and now tells us they have no dollars to pay compensation ,and then the very same company owned by Argentina now want to spend $346 million dollars to buy back it's own bonds to reduce it's short term debt, why not let the YPF company build up a lot more dollar debt within it and pay it directly to the Argentine state as a special dividend to pay us a portion of our settlement pledge money. ?
https://www.batimes.com.ar/news/economy/argentina-oil-driller-offers-to-buy-back-bonds-due-in-april.phtml
GLA
Really Excellent find Bluewiley , all we need now is a accompanying rising share price, can't have everything I guess,
When you think your hard done by here , just keep telling yourself , well at least I'm not in Javier Milei's burning hot shoes right now, Burfords going to plough ahead with compounded growth here no matter what happens with our settlement money situation.
GLA
The Argentine delaying tactics are normal standard legal options available to everyone who are defending themselves in most courts in the world, so I wouldn't read to much into these very annoying legal tactics, the reason they are choosing these tactics is to shore up every defence angle possible so they can then use this position they've then attained to strengthen their hand in any negotiations, IE , if they look like they can delay proceedings for say another year or so then that weakens Burfords hand in settling for X amount of money in a early settlement offer, this the legal thrust Argentina has for anything that helped that aim, it's completely separate from what Javier Milei wants to achieve, and that is to align his objectives to getting closer to the American commercial open free markets system, if he screws up here he can seriously delay or kiss goodbye to his dream of attaining his goal of Argentina commercially copying the American way of life, so on this very point we know Milei needs to court Burfords need for a Preska led settlement plan,
I absolutely easily admit milei is up against the wall here, though anyone who holds up a chainsaw to political power and then goes on to be president of that same country , then he's a man to be reckoned with, be that a bit of a misunderstood enigmatic perceived nutcase. We're about to see if he has the push to move mountains or carry out most of his 300 emergency degrees, now can he push through our massive settlement award pledges, very very possible, HOW ? WHY ?
How? WHY ? he only has to align a income stream from that uniquely named tax plan, or other type of plan, and possibly removing the unique named on any tax plan to get it accepted by the Argentine congress, he's a economist , money can always be found for a income stream if your determined and you also happen to be the country's 53 year old determined new president,
I would advise Burford only to seize Argentina assets when every other avenue is exhausted, and to still make it known that you would definitely seize assets without Argentine compliance with preska's asset pledges, it's normally true, Argentina only moves when put under political legal financial embarrassing the homeland pressure,
Milei's going to come up with some pledgeable bankable asset stream here, he has the inbuilt anger and absolute determination to try extremely hard to deliver what preska and Burford might need or accept here. On the balance of probabilities from what he's officially stated I feel he will come through for burford here.
I agree TWT there still is huge opportunity here with the normal compounded growth coming through here . Buford only exist to make at least 20%+++ on there annual capital deployment money, so in that sense we are onto a winner here one way or another. Just a Brilliant company and prospects.
Only my thoughts not a put your house on it opportunity or view .
BBH yes at some stage there should be meaningful discussions with Burfords side, though it seems like there's not much happening right now, though the Argentine state lawyers may still be in the space from before Xmas , and have not currently been formally updated to share anything that milei is up to right now behind closed doors,
Also this may or may not need be passed by congress, though only in as much as this urgent USA court declaration by preska 10th January + may allow milei the opportunistic opportunity to order another court led urgent decree by milei ?
and stating milei needs this urgently or the country could face embargoes from numerous trading partners namely the USA,
If a country can't live up to its legal liabilities in America then why should america or any country allow Argentina to do any meaningful trade with its own internal commercial companies !!! The whole point in allowing trading partners access to your country is to allow everyone trading some sort of court led accountability when trading, if you've no legal recourse to any dispute resolutions then it's surely wrong to allow access to your home countries commercial markets, as in Argentina not being able to fully access the money market's because it can't pay up because it doesn't recognise that countries court
Awards settlement systems.
Milei conveniently may not have the time or space to allow his congress to vote on his personal perpetual bond plan, so it's either a urgent milei decree to pass this on his own, or it's a urgent recall vote on his colourful bond plan, though seeing it's the opposition who's to pass this with one of their own party members facing public ridicule as the tax is in his own personal name , then will he get it through at all or could milei force this through by decree because of its USA court led urgency. ??? not that long to wait now, though with the world in a constant state of fractional war's, it's hard to concentrate on investing when wars have many complicated implications for investors. Roll on milei's bond decision day here.
GLA, only my thoughts, no guarantees to make money, DYOR.