Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
As a follow on from my post yesterday, Seb Maril has recently posted, "interest accumulated since the ruling for the YPF expropriation trial - USD 448,867,699".
This all bodes well for a negotiated settlement.
Could it be that they have committed/reinvested any profit and new funding into new cases? Similarly, any old/ongoing cases have not yet been resolved yet.
From what I can see, the BoD have not bought/sold any significant shares of late.
Argentina has already incurred USD 359,587,898 in post-judgment interest in the trial for the expropriation of YPF. By the time the NY Court of Appeals has published the ruling, we will have added close to USD 872,625,000 in interest.
https://twitter.com/SebastianMaril/status/1755682615091167626
Re "Problem is, many funds/companies have tried seizing Argie assets prior and it’s an extremely difficult task".
It's also a costly process too which may have to/will most probably be funded by Burford???
Interesting link from Seb Maril:
https://www.imf.org/en/News/Articles/2024/01/10/pr2405-argentina-pr2405-imf-staff-authorities-reach-sla-seventh-review-under-eff-arrangement
Https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al
We now await Preska.
Plaintiffs in the YPF trial write to Judge Preska again to ask her to confirm that as of 10/1 they are authorized to try to seize assets from Argentina. But they grudgingly admit that, as my 12/22 thread explains (Sebastian Soler), it will be very difficult for them to seize anything.
https://twitter.com/TommyBarbanBA/status/1742291842094244140
Pennylots, re your "to end on a more positive note, Preska is absolutely right to reject the Argies motion further extensions of time".
The bare facts of this case at this present time is that the Argentinian Government still has a $16bn+ US judgement against them. Who, where, when, how etc THEY choose to pay off or even appeal the judgement is their problem and their problem alone. It's that as simple.
Again, the problem currently lies with the Argentinian Government who govern the whole of Argentina and not just part of it. Burford are in a position to help them resolve their problem.