Member Info for Renegade

MrMarroc, if there's assets out there to be got, I'm pretty confident that Burford's Recovery Team will be on the case already.

Furthermore come January 11th 2024 (or shortly thereafter), we shall see if Burford's Recovery Team have been proactive or just sitting on their hands waiting for something to happen.

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.

Thanks to chester9 on the blue board for this one:

Hhttps://www.voanews.com/a/argentina-s-president-elect-wants-to-privatize-state-owned-media-public-companies-/7363247.html

And on a positive note, just think about all that lovely interest that we will be accruing.

Ka-ching, ka-ching!

Previously declared interim dividend for the year ending December 31, 2023 of 6.25 US cents per ordinary share to be paid on December 7, 2023 to shareholders of record as of November 10, 2023.

For shareholders electing to receive their dividend in pound sterling, the interim dividend is 5.018089 pence per ordinary share, based on the exchange rate of £1 = US$1.245494 set on November 15, 2023.

Merry Christmas to everyone.

It looks like the 17th to 20th November Gap in the UK has been closed today (£10.65). Lets see what the yanks make of it across the pond. Hopefully it's upwards and onwards from here on.

And ....... if the new proposed date is accepted by Judge Preska (10 Jan 2024), both the old and new Argentinian Presidents/Governments will not be able to claim that they were not given a fair crack of the whip in any follow on court proceedings.

The noose tightens even further.

Https://www.lanacion.com.ar/economia/juicio-por-ypf-un-nuevo-fallo-beneficiaria-a-la-argentina-y-no-tendria-que-pagar-casi-us16000-nid21112023/

Just noticed that the short interest in the USA has gone up from 2.13M on 13 Oct 23 to 2.51M on 31 Oct 23.

Hold on to your hats.

With the 3Q23 results out, it's all up to Judge Preska now. Bond or no bond, that is the question?

So we now have the "3Q23" Results and the Ex Divi Date both scheduled on Thursday, November 9.

Decisions, decisions. Lol.

A reminder from Seb Maril:

This Thursday, Argentina will submit a document in favor of waiving the guarantee bond to prevent the attachment of sovereign assets. Plaintiffs will reply on 2 NOV and Argentina will have the last word on 7 NOV. Decision soon afterwards.

https://twitter.com/SebastianMaril/status/1717139648642679267

It was reported today that the USA short interest fell from 2.48M to 2.13M shares on 13/10/23. This action may go some way as to explain why the SP had such a good day after the recent dips.

Onwards and upwards.

More so and in my view, it also suggests to Judge Preska that YPF will still be involved in the appeal case and that YPF have assets which could/should (as by default all YPF assets now belong to the Argentinian Government under the re-nationalization) be considered when she determines the legal requirement to post a security bond or not.

In essence and again in my view, Burford are subtly applying pressure on the Judge, YPF and on the appeal case to assert the legal and moral high ground here.

That makes it pretty clear then:

https://twitter.com/SebastianMaril/status/1712231545069588790/photo/1

Check out his latest tweets. Argentina claiming that they can't pay judgement:

https://twitter.com/SebastianMaril

To may need to translate this:

https://www.lanacion.com.ar/economia/caso-ypf-empieza-la-danza-de-los-embargos-millonarios-y-un-periodo-de-riesgo-para-la-petrolera-nid28092023/

Https://twitter.com/SebastianMaril/status/1707549493699178544/photo/1

Nice bounce!