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MarketWatch have reported that on 15 Oct 25, the USA Short Interest went down from 5.51M shares to 4.86M shares. That's a reduction to 2.57% of floated shares.

A good sign.

🔴Two years after the appeal was filed in the YPF expropriation case and less than a week before oral arguments, the U.S. Court of Appeals for the Second Circuit today revealed the identities of the three judges who will decide whether Judge Loretta Preska correctly applied the law and procedural standards in her USD 16.1 billion ruling.

The panel of judges Cabranes (Clinton), Chin (Obama) y Robinson (Biden) is not expected to issue its decision until the first quarter of 2026. Cabranes authored opinions in the NML Capital v. Republic of Argentina case, while Chin served as a member of the judicial panel in the first appeal of the YPF expropriation case.

So,

another one or two years of buying Burford ISA share top ups (before the YPF big bang happens) and hopefully well before robber Reeves has any idea's about grabbing any of my hard earned lolly in taxes.

Bought more today at 854.4p. My buy didn't show up at all?

Over the last two days it looks like the gap formed between 30th June and 1st July has been filled (went down to 854p). Onward and upwards from here. Lol.

🔴Fourth and final post today in this series of explanations on the YPF appeal.

Once all presentations are concluded, the three judges will have the opportunity to question the parties. This is a critical moment in the appellate process, as it often reveals the judges’ main concerns. For example, if they do not ask questions regarding how Judge Preska arrived at the USD 16.1 billion damages figure, we might infer that they are in agreement with her calculation.

Tomorrow evening, we will analyze the key issues the judges will need to address in order to decide the case. These have been grouped into seven sets of questions: three pertaining to Argentina, two to Petersen/Eton, and two to YPF.

🔴Third post today in a series of explanations on the YPF appeal.

When the ruling is eventually released—whether weeks or months after October 29—we will need to pay close attention to four key words: AFFIRM (uphold the lower court’s ruling), REVERSE (overturn it), VACATE (set it aside), or REMAND (send it back with instructions for reconsideration).

Given the complexity of this appeal, it is very possible the decision will be split—meaning parts of Judge Loretta Preska’s ruling could be affirmed, others reversed, some vacated, and still others remanded. Of course, the court may also choose to keep it relatively straightforward.

🔴Second post in a series of explanations on the YPF appeal.

On October 29, the three judges assigned to the YPF case (their identities are not yet known) will first hear from the Republic of Argentina (30 minutes), followed by Petersen/Eton (30 minutes). If Argentina does not use its full 30 minutes, the Republic may apply the remaining time to respond to Petersen/Eton. This segment will address only Judge Loretta Preska’s rulings as they relate to the Republic of Argentina appeal.

Afterward, Petersen/Eton will have 10 minutes to present their challenge to Preska’s decision that exempted YPF from any liability in the 2012 expropriation. YPF will then have 10 minutes to respond, and if time remains, Petersen/Eton will be allowed to reply.

🔴This is the first in a series of posts explaining the appeal process in the YPF expropriation case. Today, we will publish four different posts.

On October 29, the U.S. Court of Appeals for the Second Circuit will hear oral arguments from the three parties involved: the Republic of Argentina, YPF, and the judgment creditors—Spanish companies Petersen and U.S. hedge fund Eton Park Capital. The purpose of this series is to outline what we can expect from the proceedings in New York later this month.

This first post explains the role of the Court of Appeals. Its primary function is to review decisions made by lower courts, in this case Judge Loretta Preska’s ruling. The three-judge panel will not conduct a new trial or re-examine evidence from scratch. Instead, they will assess whether the district court correctly applied the law and processes. They do not determine guilt or innocence, nor do they typically hear witnesses or accept new evidence—except in rare circumstances. To reach their decision, the judges will review extensive filings submitted by the parties and “friends of the court” (amicus curiae). Notably, in this case, the U.S. Government has not submitted an amicus brief.

🔴 Argentina has begun its defense to prevent the Court of Appeals from upholding Judge Loretta Preska’s ruling that compels the country to turn over its YPF shares to judgment creditors. The defense is centered on four key arguments:

1. U.S. courts cannot compel a sovereign state to repatriate assets located abroad.

2. Judge Loretta Preska incorrectly applied New York State law (CPLR §5225) to assets held outside the United States.

3. The Foreign Sovereign Immunities Act provides protection against any order requiring the country to turn over its YPF shares.

4. Forcing Argentina to surrender its assets would violate principles of diplomacy and comity between two allied nations.

It currently looks like the same old faces in different jobs.

They've only had 15 years to prepare for this (14+1).

I wonder if Rayner will now take legal action against her own legal advisers who she employed whilst buying her now graffiti ridden pad in Hove?

For cheap second rate mates rates of course!

It seems like Angela is try to fill the "black hole" deficit all by herself.

Please pay up now as the country is skint.

Rachel needs your cash!!!

Bring on the HMRC fine too.

That's another £12K M's Rayner please on top of the extra stamp duty you owe us.

Ker Chink - Rachel!!!

Re: " Angela Ranyer held on until the last possible second before the result of the investigation was announce (Starmer heard earlier today), bet will she not do the descent thing and go for re-election as Reform would win".

She won't go for re-election as she "may not" live in that constituency anymore. Hove is where the heart is. Lol.

Recovering.

🔴Second Circuit Says Argentina Can Proceed With Turnover Appeal Without Pledging YPF Shares.

- The government’s holdings in YPF can remain in Caja de Valores until the court decides on the appeal.

- The Republic will be allowed to appeal the turnover motion "unsecured".

- This means that judgment creditors will face an unusual appeal where a debtor is allowed to appeal without pledging a guarantee.

Gone on over the pond?

Sp tumbling and now a slight recovery?

🔴We should not underestimate the importance of the decision the Court of Appeals will make next Tuesday in the YPF case. If it upholds Judge Preska’s decision not to stay the order requiring the country to turn over its YPF shares, the government has already announced that it will appeal to the Supreme Court. The outcome of these decisions will determine the direction of the YPF expropriation case until the primary appeal ruling is issued.

NEW YORK, July 15 (Reuters) - A U.S. appeals court on Tuesday put on temporary hold a judge's order that Argentina turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment.

The 2nd U.S. Circuit Court of Appeals in Manhattan gave Petersen Energia Inversora and Eton Park Capital Management, which won the judgment, until July 17 to oppose Argentina's bid for a longer stay while the country appeals the turnover.

Argentina has until July 22 to reply, and the matter will be reviewed by "the next available" three-judge panel, the appeals court said.

The dispute stemmed from Argentina's 2012 seizure of the YPF stake from Spain's Repsol without making a tender offer to Petersen and Eton Park, which had been minority shareholders.

Those shareholders are represented by litigation funder Burford Capital, which has said it expected to receive 35% and 73% of Petersen's and Eton Park's respective damages.

Argentina has warned its economy could be destabilized if it gave up its controlling stake in YPF, the country's largest energy company. The country had faced a July 14 deadline for the turnover, but U.S. District Judge Loretta Preska in Manhattan agreed to delay enforcement so Argentina could seek relief from the appeals court.

SMA (13) about to cross SMA (34). Bullish trend

Golden Cross on the horizon - SMA (50) crossing SMA (200). Bullish trend.

Watch out for high volumes.