P B

@rugbyreplays Mate thanks for getting the games up so early. Hopefully it's possible to do the same next weekend 🤞

Scotland vs France Six Nations Rugby Full Match Replay 7 March 2026 rugby24.net/scotland-vs-fr…

@case_rsrch Philippe Sands (Respondent's apt) was just disqualified from another ICSID case - details not public - $SVB.TO tried the same as he's a known anti-western sandbagger. P.S. Held - I have a higher val cc: @MMichalek91 x.com/IAReporter/sta…

Just finished up my due diligence on SIlver Bull Resources $SVB.TO. Bottom line 200-300% upside if you take out the changes in silver / zinc prices, and 600% if you put it back in. Hearing was last october, so decision by August is procedurall required. 900% CAGR possible.

@KneppyI Acqua juicing the numbers - e.g. rev ex acqua +$2m (good cost mgt tho)

I reckon I should take a closer look at Reckon $RKN. Market cap only $65m or so

@RupertLowe10 Corporate Travel Management (North) Limited is part of the broader Corporate Travel Management group, an ASX‑listed travel management company headquartered in Australia. $CTD $CTD.ax

I have been forensically digging through these asylum contracts, and one stands out to me. It is absolutely staggering. Please read on. £1,593,535,200 for 'Provision of Bridging Accommodation and Travel Services’ awarded to ‘Corporate Travel Management (North) Limited’. According to the official record, they’re based in Bradford… Let’s dive into it. It’s related to the Bibby Stockholm, housing illegal migrants on a barge off the coast of Dorset. Bradford is certainly a strange place to base such an enormous contract. What is all of that money, OUR money, being spent on? All this information is taken from official documents, labelled ‘sensitive’. The illegals must be provided with a ‘varied daily menu’, taking into account all religious needs. If the illegal arrives late and missed the evening meal? They must be provided with a ‘light snack’. What about cleaning? A ‘cleaning programme’ must be delivered to the standards set by the ‘British Institute of Cleaning Science’. Routine cleaning must be provided, and their cabins are cleaned on a ‘twice weekly basis’. A ‘house-keeping laundry service’ is included, with a maximum '48-hour turn around’' Information on the local area is provided - including amenities and facilities. Illegals are assisted to make contact with a local GP surgery and dentist - they are assisted to do this. The illegals are to be taken and returned from medical appointments. A ‘programme of organised recreational activities' are provided, seven days a week. Activities available ‘morning, after, and evening each day’. Full Wi-Fi coverage is required, with a bank of mobile phones available '24/7'. Transport requests will be taken at short notice, all day every day. The transport must be ‘punctual’. ‘Adequate transport links’ must be provided to assist the illegals into the local area - and booking of transport services must be delivered for those ‘who wish to travel beyond the local area’. Warnings against ‘unconscious bias’ are made, and it’s adamant that ‘the interests of the Service Users are best served.’ It goes on and on and on. Are you happy that your tax is being spent on these services for illegals? For transport? Recreational activities? Shipping them into local communities to roam the streets? One of these illegal migrants was sentenced for sexually assaulting a teenage girl on a beach. There will be many, many, many others. 'Corporate Travel Management (North) Limited', based in Bradford, received this astronomical contract. A strange company name for such a service. What was the procurement process? How was this decided? I have put these questions to the Home Office, and I am demanding answers. The Bradford firm was told on the 24th of February 2023 that they had been awarded this £1.5 billion contract, excluding VAT (with an extension option.) Who was the Home Secretary at this time? Reform’s Suella Braverman. Who was the immigration minister at this time? Reform’s Robert Jenrick. They were the ministers, they were responsible. I want to know exactly why these outrageous contracts were signed off. It is scandalous. SO much more information on these contracts is redacted. I am going to find it... We should not be caring for these illegals, we should not be housing them, we should not be accommodating them. We should be deporting them. On an industrial scale. They are treated better than British citizens. FAR better. It makes me sick. The amount of OUR money that has been spent on these third world criminals by politicians (Reform, Conservative and Labour) is the biggest scandal of our time.

Happy New Year to all my followers! 😆 #NYE2026

@kingfishcap @Michal16122021 @JRMiningIntel From my query, none of the 108 ASX micro/nano cap goldies are at cash backing. Worst is still at 60% premium, but on couple mil net cash. And most ±$8m EVs (which is what LPK will be) are multiples of cash. But that's today, time can change sentiment, time is the biggest risk...

@bonucci_p @Michal16122021 @JRMiningIntel Yeh but there def are some that are close to cash backing and considering its a nano nano cap i wouldn’t be confident on the re rating. I agree they’ll receive the full award though.

Arbitration Claim Update - $LPK.V | CEOCA Breaking News @GlobeNewswire/arbitration-claim-update" target="_blank" rel="nofollow noopener">ceo.ca/@GlobeNewswire…

@kingfishcap @Michal16122021 @JRMiningIntel IMO there's no "if" - ICSID process is done, low $$, Peru can afford it, and have done so before (e.g. Bear Creek). How many goldies trading below cash backing? Almost none on ASX, TSX - most x cash. So why different here? Obv time delay could alter macro sentiment, a risk...

@bonucci_p @Michal16122021 @JRMiningIntel Think its worth min cash backing if Peru hand over the $?

@Michal16122021 @JRMiningIntel @kingfishcap CVC waterfall (5th in the queue, CVR last) Annulment deadline now passed so only collection now - sovereign collection risk zero given amount, so just time value. Hopefully soon as with cash (32c base EV) + US gold assets could be pushing ~40c IMO. $LPK.V

@Michal16122021 @JRMiningIntel $LPK.V wins as expected - best case details & team I've seen - social licence rightly questioned by arbitors (up on YT). Good news for pre & post CVR holders. Latter get $8m+exp in stub value = EV >32c + gold prospect upside - time value v Current SP 20c (even after >150% day)

Troy Parrott, take your place on the pantheon of Irish greats 🇮🇪

🤬📞😏 Everyone’s favourite Trader Vs Broker recording...

$LPK.V begins collection - Peru either pays up or endures ignominy of asset seizure. Trading at $5m vs $8m stub value + U.S. gold assets Some idiot seller dumped from high 30s in 2 days post confirmed no annulment - should go back to it as that's FV IMO

Troy Parrott’s match-winner from the stands! 🦜🇮🇪 What a moment, roll on the playoffs.

$MYX.AX Cosette easily sabotaging its own bid by threatening closure of manuf site so FIRB rejects it. Not a labour government fan but how any gov accept a plant closure and loss of 200-300 jobs plus loss of business, tax, etc?

Peru drags it for 120 days but no annulment sought. Understandable given best case I ever saw. We're done, collection time (should be easy given S.A not Africa and Peru does settle). $LPK.V x.com/OrestocksNews/…

Another pumped up NPV - seeking >$1.5bn ffs. #pat $pat to win but claim limited by both devt stage & sunk costs (US$30m+) and JORC-compliant resource (Mahi & PM) onsold for just US$60m+ add-ons. LF then to gobble up a decent chunk. x.com/METhompson72/s…

$MON.V result is in - obv a win (TZ lolz) but only ⅓ of the pumped up NPV (again!). US$27m gross award but let's guess that OBL takes half so US$13.5m or C$19m to company. Equates to ~38c (ex p/tax), in line with expectations. Early SHs pocket the win! x.com/bonucci_p/stat…

$OMEX as expected the NPV was nowhere close. Awarded US$37m. But litigation funder (Drumcliff put in $20m from memory) will gobble it all up. Final is a zero. Puts ITM. There's a couple more like that too...

@Jamie2jay @slatterywill DD's return was ~47% p.a. His buyers return was ~10 p.a. DD did the boss deal.

@slatterywill I was like you thinking 750 million was high, was sold for 2bn in 2016 - incredible theguardian.com/business/2016/…

@lorenz_swen Judgment appears to be in

Re Litigation Capital Management $LIT.L, eagle-eyed observers will notice the UK court case system shows the John Deuss case advanced yesterday but it remained confidential what happened. LCM, in turn, just moved its strategic update from September to 1 October. Connected?

@MMichalek91 IMO post CVRs looking at $8m+exp (EV ~32c + gold prospects) Also, settlement risk is lower - strong case - Tanzania poor, Peru moderate - previous similar (less egregious) ICSID case (Bear Creek) had no annulment, tho tactics can change (BW gets 4x) x.com/bonucci_p/stat…

Lupaka Gold podała dziś więcej szczegółów na temat wygranego w poniedziałek arbitrażu przeciwko Peru. Nagroda jest wyższa niż podawały wcześniej media branżowe i wynosi finalnie 65 mln USD. Udało się - co ciekawe - wywalczyć 100% podstawy roszczenia tj. 40,4 mln USD, które powiększone zostało do wspomnianej kwoty o dodatkowe odsetki i zwrot kosztów postępowania arbitrażowego. Jako iż koszty te zostały określone na 4,2 mln USD rozumiem, że całe finansowanie od Bench Walk Advisors opiewające na 4,1 mld USD zostało wykorzystane. Szczegółowe warunki finansowania nie są mi znane, ale po prawie 5 latach prowadzenia sporu powinny one być podobne do innych tego typu umów i przewidywać zwrot powiększony o pięciokrotność wykorzystanej puli. Powinniśmy się więc spodziewać konieczności zwrotu kwoty rzędu 20-25 mln USD. Nie przypominam sobie, żeby były jakieś programy motywacyjne dla managerów i prawników, ale nie śledziłem sprawy aż tak dokładnie - możliwe, że kolejne 5 mln USD trzeba będzie na poczet tego odliczyć. W każdym bądź razie około 35 mln USD powinno zostać po potrąceniu kosztów. Później pojawiają się pytania w kwestii podatków, trudno mi powiedzieć jak będzie w tym przypadku. Utopione w projekcie koszty opiewały na 25 mln USD - możliwe, że jakiś podatek będzie do zapłaty. Przy założeniu wykorzystania warrantów i opcji wszystkich akcji w obiegu byłoby około 30 mln. Myślę, że teoretycznie można byłoby mówić o 1 USD na akcję tj. 1,36 CAD na akcję. Pamiętajmy jednak, że Spółka w 2022 roku bodajże wyemitowała CVRy dla swoich ówczesnych akcjonariuszy, na podstawie których są oni uprawnieni do specjalnej dywidendy z tej - niepewnej wówczas - nagrody. Nie wiadomo niestety jaką część odszkodowania Spółka zdecyduje się wypłacić akcjonariuszom, a jaką zachować. Dotychczasowe doświadczenia z tanzańskich arbitraży pokazują, że może to być rząd 80% przeznaczone na specjalną dywidendę. Jeśli byłaby to rzeczywiście taka proporcja, wówczas owe 1,36 CAD podzieliłoby się na 1,1 CAD dla właścicieli CVR'ów, a 0,26 CAD zostałoby w Spółce. Tuż przed przyznaniem CVR'ów akcje wyceniane były na 0,4 CAD - można więc powiedzieć, że wynik uprawnionych akcjonariuszy to około 3x w 3 lata. Dziś akcje handlowane są po 0,24 CAD w tej chwili. W mojej ocenie to 1:1 do środków, jakie zostaną po wypłaceniu dywidendy uprawnionym akcjonariuszom. Spółka w komunikacie zaznacza, że Peru niekonieczne musi być skore do niezwłocznego uregulowania należności. Bardzo prawdopodobne, że będzie wnosić o unieważnienie tego werdyktu. To kolejne kilkanaście miesięcy oczekiwania na pieniądze. Alternatywą jest ugoda na ułamek nagrody jak zrobiła to Indiana Resources, albo monetyzacja jak miało to miejsce w przypadku Rockhoppera. Wówczas jednak kupując sobie czas oddajemy pieniądze, pogarszając wynik. W każdym bądź razie ci co mają CVR'y są dziś w komfortowej sytuacji. Reszta rynku próbuje wycenić akcje mając zbyt wiele niewiadomych. Zobaczymy, co się wydarzy.

@RuaidhriOC @CianTracey1 Sad for him personally & the Lions. But I care 10x more about Irish rugby and with Leinster & Ireland now with little to play for until Nov (URC meh) then might be good for him to get some R&R.

So cruel and a huge blow to the Lions if he can't recover. Anyone who underestimates Doris' class and importance to Ireland hasn't been paying attention Caelan Doris undergoes surgery on shoulder and could face six-month recovery Via @CianTracey1 independent.ie/sport/rugby/ca…