P B

No follows - otherwise blocked

[The 44 ⚽️ @The_Forty_Four]

The Dutch have arrived in their numbers now WOW 🤩

Netherlands fans in Houston today 👏

[A Funny Old Game @sid_lambert]

36 years ago today:

Ireland’s World Cup anthem was released ahead of Italia 90.

Win, lose or draw, Big Jack’s Boys in Green were going to Put ‘Em Under Pressure...

[P B @bonucci_p]

@rugbyreplays Mate thanks for getting the games up so early.

Hopefully it's possible to do the same next weekend 🤞

[P B @bonucci_p]

@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

https://t.co/B5cC7So7kn

[Investment Arbitration Reporter @IAReporter]

Arbitrators comings and goings: Challenge to Philippe Sands is upheld - https://t.co/pGmzQONDxM

[P B @bonucci_p]

@KneppyI Acqua juicing the numbers - e.g. rev ex acqua +$2m

(good cost mgt tho)

[P B @bonucci_p]

Happy New Year to all my followers! 😆
#NYE2026

[P B @bonucci_p]

Happy New Year to all my followers! 😆
#NYE2024

[P B @bonucci_p]

@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...

[P B @bonucci_p]

@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...

[P B @bonucci_p]

@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

[P B @bonucci_p]

@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)

[Ireland Football ⚽️🇮🇪 @IrelandFootball]

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

[PiQ @PiQSuite]

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

[P B @bonucci_p]

$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

[OreStocks News @OrestocksNews]

Lupaka Gold Corp. says an ICSID Award dated June 30, 2025, is payable at about US$67M as of Oct 31, 2025. It has engaged an agency to identify assets for potential seizure if payment is not made. $LPK.V

Full release 👇 https://t.co/qyT4BNG8F4

[Reptracker | Conor McEvoy @reptracker]

Troy Parrott’s match-winner from the stands! 🦜🇮🇪

What a moment, roll on the playoffs.

[P B @bonucci_p]

$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?

[P B @bonucci_p]

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

https://t.co/G8iBWuSw7l

[P B @bonucci_p]

@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)

https://t.co/VPvfhYcSFg

[P B @bonucci_p]

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.
https://t.co/SQakFrp0qf

[Mark Thompson @METhompson72]

#PAT Panthera Resources remains my top portfolio pick. Why do I like it?
- Full exposure to the gold price
- Undervalued Mali gold asset
- A fully financed and advancing legal claim for a minimum of $1.6bn damages against the Govt of India

My base case is 10x in next 12 months, basis just the legal case advancing. Timetable set today: 1 year AHEAD of what I was expecting.
https://t.co/xz8dMMTPxN

[P B @bonucci_p]

$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...

[P B @bonucci_p]

Another pumped-up NPV is $OMEX - not even a PFS ffs.

Cost redacted too given disputed.
My research suggests low.

Comp v $100m MC 😬

Ann't soon - decision delayed so likely split decision - Philippe Sands has form and already dissented on a PN

[P B @bonucci_p]

$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!
https://t.co/ys1QaNv77r

[P B @bonucci_p]

@MMichalek91 $MON.V 60c PT is ambitious IMO.
I was guessing mid/high 30s (quick calc).
IMO another where the NPV is pumped - but at least the equity is low and LF (OBL) cut is manageable (~US$12-15m) so there is a return.
Downside protection from TZ history (IDA,WINS) suggests bankable win.

[P B @bonucci_p]

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

DD did the boss deal.

[P B @bonucci_p]

@lorenz_swen Judgment appears to be in

[P B @bonucci_p]

@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)

https://t.co/VPvfhYcSFg

[P B @bonucci_p]

@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)