Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm long Class 19, so I wanna be wrong BUT looking at last WMILT filing
( https://www.sec.gov/Archives/edgar/data/1545078/000119312519280714/d827780dex991.htm )
I don't see a dime coming to class 19 0r 22 from the WMILT, it clearly says it goes to Class 18 (claimants of the Trust become beneficiaries of the Trust when claims are allowed and paid)
Allowing Underwriters into Class 19 gives us some hope though, but for later (from FDIC, or from bankruptcy remote), when both the bankruptcy and the WMILT are closed
We may need to hire someone on contingency (as in the UWBKQ, in the UWBKQ has been the best move so far) to move this on if, as I believe, both the WMILT and the Chapter 11 close with ZERO coming to Equity Classee (Class 19 & Class 22)
Again, I wanna be wrong BUT we are soon going to know
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001656456&action=getcompany
APPALOOSA LP continues to hold less and less COOP {or WMIH (WMIH = COOP x 12), depending on how old their reporting is } shares:
https://www.sec.gov/Archives/edgar/data/1656456/000165645618000007/xslForm13F_X01/Form13FInfoTable.xml ( 62,767,086 WMIH shares )
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000004/xslForm13F_X01/Form13FInfoTable.xml ( 4,105,997 COOP shares )
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000005/xslForm13F_X01/Form13FInfoTable.xml ( 2,610,000 COOP Shares)
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000006/xslForm13F_X01/Form13FInfoTable.xml ( 1,290,000 COOP shares )
Down BIGtime in the last reports
BTW, IF a good outcome is out there waiting, we need the bankruptcy to finish first
Totally concur
I´m glad this is finally ending
Fingers crossed
Very Beautiful Large Green:)
Which tran$f€r mechanism do you imagine?
Thanks so much for the link :)
And please don't Mr Scrooge this ;)
Thanks so much Newtogame
maybe that was it (all the mention to the 3rd december Hearing) and I got it wrong
Fingers crossed for a good outcome here
What happened with the excluded Assets & Liabilities in the P&AA
https://www.fdic.gov/bank/individual/failed/unitedwestern-p-and-a.pdf
For example:
3.5 Assets Not Purchased by Assuming Institution
3.5 (l)Excluded Securities
the securities listed on the attached Schedule 3.5(1)
$256,846,259.85
3.5 (p)Excluded Loans
the loans listed on the attached Schedule 3.5(p)
$228,251,513.08
Thanks so much Hewhocantrade { https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151891376 }
Moderators, admins, please stick this post (with the updated P&AA link )
Probably I'm wrong and if I'm not probably means nothing BUT:
https://www.supremecourt.gov/search.aspx?filename=/docket/docketfiles/html/public/18-1269.html
looking at the content in that Link,from memory, before one could see the 3rd December Hearing and now NOT
Could it mean the hearing has been canceled..... settlement??
TIA
As previously stated, this case (WMIH Bankruptcy) is WAY above my paygrade....
For those who know more:
https://www.supremecourt.gov/DocketPDF/18/18-1269/114284/20190830130850437_18-1269%20ts.pdf
UWBKQ has taken its case to the SCOTUS, and because of the similarities with WMIH it MAY help WMIH's case
{
https://www.supremecourt.gov/search.aspx?filename=/docket/docketfiles/html/public/18-1269.html
}
Just my 2 cents
Fingres crossed for a good outcome here
This is getting more and more interesting:
http://www.globaltimes.cn/content/1154546.shtml
" China firmly opposes to any attempts by any country to use products made with China's rare-earth resources to curb China's development, an official said on Monday.
"We have been promptly studying policies and measures to give full play to the special value of rare earths, which is our strategic resource," Meng Wei, spokesperson of the National Development and Reform Commission (NDRC), China's top economic planner, said on Monday.
"China has been actively upholding the multilateral system of free trade. However, mutually beneficial relationships need to be maintained by all parties involved. We are firmly opposed to certain countries disregarding world trade rules and undermining global industrial trade links," Meng said. ... "
https://www.3aw.com.au/us-calls-australia-to-develop-rare-earths-as-trade-war-with-china-strengthens/
Alkane CEO Nic Earner tells Ross Greenwood they need investment to start the project.
“We’re effectively a private company… going up against six major state-owned enterprises in China.
“This is a process nearly 20 years in the making… in the US projects are less developed.”
LGL8054
Thanks so much for all you are sharing, as you say Fred was/is trying to take control of the narrative (which leads to mind and opinion control...)
Fred and Fred masters please end this, there is a simple way to end all of this crap.
The way to end this is simply paying for all what happened here,..., and A LOT happened, right?? ;)
Sometimes paying not too late is not so bad, really it is not. Is this one of those times ?
YES, imo
When did Guy buy aditional 16MM shares of UWB?
Could you please provide a link to this so important info?
Does he still hold them ?
BTW, if SCOTUS
{ https://www.supremecourt.gov/DocketPDF/18/18-1269/102192/20190606113526851_Rodriguez%20v.%20FDIC%20Cert%20Reply.pdf }
is gonna allow us to settle,
USE it to settle the whole crap, not just the Tax Refund, right??
US enlists Australia to secure rare earths
https://www.afr.com/news/politics/national/us-enlists-australia-to-secure-rare-earths-supply-20190612-p51wzb
"... US defence chiefs have enlisted Australian help to secure the supply of critical minerals for batteries and weapons systems, to reduce China’s dominance of the sector. ... "
Gold is at an all time high in AUD, Alkane is currently undervalued if you look at its gold assets and superb Balance Sheet alone, giving a value of ZERO to Alkanes's Rare earths proyect;
It is all in my previous posts. Do some DD and you will probably agree
GL
https://hotcopper.com.au/threads/ann-further-significant-gold-intercepts-in-tgo-gold-corridor.4805518/
? Significant gold mineralisation has been confirmed by RC and diamond core
drilling between the Roswell and San Antonio prospects, showing a continuous
strike length of 1,600 metres of gold mineralisation located within 4 kilometres
south of the Tomingley Gold Operations (TGO) processing facility.
? Together with the El Paso prospect there is a cumulative strike length of 2,500
metres of gold mineralisation within 8 kilometres of TGO.
? Significant intercepts between the Roswell and San Antonio prospects include:
RWD003 78 metres grading 3.51g/t Au from 214 metres;
incl 14 metres grading 4.39g/t Au from 238 metres;
also 32 metres grading 5.14g/t Au from 260 metres;
also incl 10 metres grading 9.28g/t Au from 264 metres.
RWRC051 24 metres grading 3.84g/t Au from 174 metres (to end of hole);
incl 9 metres grading 8.09g/t Au from 177 metres.
RWRC056 15 metres grading 1.96g/t Au from 198 metres;
incl 3 metres grading 4.20g/t Au from 204 metres;
also 3 metres grading 3.82g/t Au from 210 metres.
? Drilling results at McLeans South confirm that its mineralisation connects to the
northern extension of the Roswell mineralisation, giving Roswell a total strike
length of over 600 metres. This includes an intercept of:
MCP075 39 metres grading 1.24g/t Au from 240 metres;
incl 9 metres grading 3.70g/t Au from 264 metres.
? This extensive regional exploration program focused on the immediate mine area
to the south of Tomingley as part of the plan to provide additional ore feed,
either at surface or underground, in the future to Tomingley Gold Operations
(TGO).
? A 60,000 metre resource definition drilling program on the San Antonio and
Roswell prospects begins mid-June. ..."
Again, good news for Alkane
www.tradingview.com
Alkane, during those days of "rare earth wars" made a top on 15th April 2011.
It reached a 2,605 pps (in australian dollars)
so, we have seen nothing to get excited about YET!
https://www.australianmining.com.au/features/competing-with-the-chinese-rare-earths-juggernaut/
" ... “just as France will sell you wine and not its grapes, so too is China moving to selling just end products that contain rare earths, not the raw material. ...”
If Chinese do this "French wine stuff" .... it would be smart, I keep the value-added chain for myself, right ?? ;)
As always, time will tell
https://www.zerohedge.com/news/2019-06-10/chinese-rare-earth-exports-tumble-trade-war-accelerates
" ... Exports of rare earth elements fell 16% in May from a month earlier to 3,640 metric tons, according to the General Administration of Customs data. ... "
This is good news; well,..., more precisely, this is good news for Alkane ;)
Bravo LGL8054 ¡¡
Thanks so much for your light on us here, really appreciated :)
GL
https://www.susmangodfrey.com
;)
Houston
1000 Louisiana Suite 5100 Houston, TX 77002-5096
(713) 651-9366
Los Angeles
1900 Avenue of the Stars Suite 1400 Los Angeles, CA 90067
(310) 789-3100
New York
1301 Avenue of the Americas 32nd Floor New York, NY 10019-6023
(212) 336-8330
Seattle
1201 Third Avenue Suite 3800 Seattle, WA 98101-3000
(206) 516-3880
https://www.news.com.au/finance/economy/rare-earth-embargo-china-prepares-trade-war-nuclear-option/news-story/399cf500a0cccc805e418bdc6ad76537
" ... Rare earths are a group of 17 chemical elements which have properties key for the production of everything from satellites to jet engines.
China last year produced 78 per cent of the world’s rare earths, according to researchers at Bank of America Merrill Lynch. The US relies upon it for up to 80 per cent of its imports.
The threat to use China’s rich supply as leverage in the conflict has contributed to sharp losses in US stocks and sliding long-term bond yields.
But the impact of such an export freeze would have military as well as economic implications.
“Rare earths are essential to the production, sustainment, and operation of US military equipment,” a 2016 US Government Accountability Office report detailed. “Reliable access to the necessary material, regardless of the overall level of defence demand, is a bedrock requirement for DOD. ... "
https://www.zerohedge.com/news/2019-05-31/beijing-has-reportedly-developed-plan-rare-earth-export-ban
" ...Beijing has readied a plan to restrict exports of rare earths to the U.S. if needed, as both sides in the trade war dig in for a protracted dispute, according to people familiar with the matter.
The government has prepared the steps it will take to use its stranglehold on the critical minerals in a targeted way to hurt the U.S. economy, the people said. ..."
HMMMM
https://www.zerohedge.com/news/2019-05-29/beijing-threatens-damaging-rare-earth-export-ban-trade-fight-intensifies
" ... The newspaper’s commentary included a rare Chinese phrase that means "don’t say I didn’t warn you." The specific wording was used by the paper in 1962 before China went to war with India, and “those familiar with Chinese diplomatic language know the weight of this phrase,” the Global Times, a newspaper affiliated with the Communist Party, said in an article last April. It was also used before conflict broke out between China and Vietnam in 1979.
On rare earths specifically, the People’s Daily said it isn’t hard to answer the question whether China will use the elements as retaliation in the trade war. ..."
Also:
Release Date: 29/04/19 08:24
Summary: Quarterly Cashflow Report
https://hotcopper.com.au/threads/ann-quarterly-cashflow-report.4731883/
Quarterly Activities Report to 31 March 2019
Tomingley Gold Operations
? Development of the underground operation continues on budget and on schedule.
? Quarter Results
? Gold production was above forecast at 10,669 ounces.
? Site operating cash costs were A$800/ounce with AISC of A$956/ounce.
? Gold sales were 10,791 ounces for revenue of A$19.9M at an average price of
A$1,841/ounce.
? Guidance for FY19 has increased with production of 42,000 to 47,000 ounces of gold at an AISC
of A$950 to A$1,100 per ounce.
Corporate
? Cash, bullion and listed investments position totalled A$78.8M
o A$72.4M in cash, bullion on hand at fair value of A$1.8M, and $4.6M of listed investments
at market value.
? Continues to hold ~10.2% of ASX listed gold developer Calidus Resources Ltd (Calidus).
? Continuing to seek further investment opportunities.
Exploration
? 45 RC drill holes for a total of 9,843 metres testing the gold resource potential of the Roswell and
San Antonio targets were completed. Significant broad high grade gold intersections were
recorded at both prospects over a strike length of 1.5 kilometres and highlight the potential for
this discovery to extend the mine life at TGO, subject to successful approvals.
? A substantial resource drill out program is planned to commence as soon as practical.
Dubbo Project
? Offtake discussions continue to be held with third parties, with commitment dependent on
customers, particularly their view of supply risk from within China.
....
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qa9zBeZoftyke92GA%3D%3D
More about Alkane:
Third Near-Mine Discovery at El Paso Confirms 2.5km
Tomingley Gold Corridor:
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4A61wRGZoftyke92GA%3D%3D
Again, YUUUUUGE potential here
"... EARNING MORE FOR LESS
As volumes shipped out of China have dwindled, the value of trade has soared. December’s tonnage was down by almost two-thirds from December 2009, but the value rose four-fold to $309.2 million on a free-on-board basis.
That has helped meet other goals of China’s policy of controlling exports of rare earths and other minor metals — to raise their price internationally and lure more secondary industry to set up shop in China.
The value of 2010 exports soared to $939.7 million, three times the $310.1 million China earned from the trade in 2009.
December’s exports were valued at an average of $65,257 per metric ton, the culmination of five months of rapid price increases. In July, the value per metric ton was $14,405 but that figure rose by an average of more than $10,000 in successive months. ..."
{ please see that and the rest of the article here: https://www.reuters.com/article/us-china-rareearths/china-2010-rare-earth-exports-slip-value-rockets-idUSTRE70I11T20110119 }
Remembering what happened to the shareprice of ALK back in 2010/11 when the last rare earth mineral dispute took place, we have seen nothing to get excited about YET!
https://www.reuters.com/article/us-china-rareearths/china-2010-rare-earth-exports-slip-value-rockets-idUSTRE70I11T20110119
The potential of what MAY come is just HUGE ;)
Quarterly Activities Report to 31 March 2019
Tomingley Gold Operations
? Development of the underground operation continues on budget and on schedule.
? Quarter Results
? Gold production was above forecast at 10,669 ounces.
? Site operating cash costs were A$800/ounce with AISC of A$956/ounce.
? Gold sales were 10,791 ounces for revenue of A$19.9M at an average price of
A$1,841/ounce.
? Guidance for FY19 has increased with production of 42,000 to 47,000 ounces of gold at an AISC
of A$950 to A$1,100 per ounce.
Corporate
? Cash, bullion and listed investments position totalled A$78.8M
o A$72.4M in cash, bullion on hand at fair value of A$1.8M, and $4.6M of listed investments
at market value.
? Continues to hold ~10.2% of ASX listed gold developer Calidus Resources Ltd (Calidus).
? Continuing to seek further investment opportunities.
Exploration
? 45 RC drill holes for a total of 9,843 metres testing the gold resource potential of the Roswell and
San Antonio targets were completed. Significant broad high grade gold intersections were
recorded at both prospects over a strike length of 1.5 kilometres and highlight the potential for
this discovery to extend the mine life at TGO, subject to successful approvals.
? A substantial resource drill out program is planned to commence as soon as practical.
Dubbo Project
? Offtake discussions continue to be held with third parties, with commitment dependent on
customers, particularly their view of supply risk from within China.
....
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qa9zBeZoftyke92GA%3D%3D
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000004/0001656456-19-000004-index.htm
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000004/xslForm13F_X01/Form13FInfoTable.xml
MR COOPER GROUP INC COM 62482R107 47,917 4,105,997 SH SOLE N/A 4,105,997 0 0
Mr Tepper's APPALOOSA LP holding 4,105,997 shares as per 2019-02-14 13F
Mr Tepper's APPALOOSA LP holding 2,610,000 shares as per latest { 2019-05-15 } 13F
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000005/0001656456-19-000005-index.htm
https://www.sec.gov/Archives/edgar/data/1656456/000165645619000005/xslForm13F_X01/Form13FInfoTable.xml
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADOBE INC COM 00724F101 26,649 100,000 SH SOLE N/A 100,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 54,735 300,000 SH Call SOLE N/A 300,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 127,715 700,000 SH SOLE N/A 700,000 0 0
ALLERGAN PLC SHS G0177J108 458,829 3,133,864 SH SOLE N/A 3,133,864 0 0
ALPHABET INC CAP STK CL C 02079K107 170,130 145,000 SH SOLE N/A 145,000 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 75,225 7,500,000 SH SOLE N/A 7,500,000 0 0
ALTABA INC COM 021346101 174,182 2,350,000 SH SOLE N/A 2,350,000 0 0
AMAZON COM INC COM 023135106 293,824 165,000 SH SOLE N/A 165,000 0 0
CAESARS ENTMT CORP COM 127686103 119,464 13,747,240 SH SOLE N/A 13,747,240 0 0
CAESARS ENTMT CORP NOTE 5.000%10/0 127686AA1 35,364 24,408,230 PRN SOLE N/A 24,408,230 0 0
CHENIERE ENERGY INC COM NEW 16411R208 40,104 586,655 SH SOLE N/A 586,655 0 0
CLEARWAY ENERGY INC CL A 18539C105 3,635 250,000 SH SOLE N/A 250,000 0 0
CLEARWAY ENERGY INC CL C 18539C204 12,844 850,000 SH SOLE N/A 850,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100 102,945 6,697,763 SH SOLE N/A 6,697,763 0 0
FACEBOOK INC CL A 30303M102 333,380 2,000,000 SH SOLE N/A 2,000,000 0 0
MICRON TECHNOLOGY INC COM 595112103 795,603 19,250,000 SH SOLE N/A 19,250,000 0 0
MR COOPER GROUP INC COM 62482R107 25,030 2,610,000 SH SOLE N/A 2,610,000 0 0
PG&E CORP COM 69331C108 411,162 23,099,000 SH SOLE N/A 23,099,000 0 0
SALESFORCE COM INC COM 79466L302 31,674 200,000 SH SOLE N/A 200,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 6,612 100,000 SH SOLE N/A 100,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 6,148 200,000 SH SOLE N/A 200,000 0 0
T MOBILE US INC COM 872590104 62,159 899,548 SH SOLE N/A 899,548 0 0
UNITEDHEALTH GROUP INC COM 91324P102 61,815 250,000 SH SOLE N/A 250,000 0 0
VISTRA ENERGY CORP COM 92840M102 58,853 2,260,970 SH SOLE N/A 2,260,970 0 0
Mr Tepper's APPALOOSA LP holding 2,610,000 shares as per latest 13F
DITTO
Bank Number/Name/Date Closed Dividend Type Priority Paid % Paid Total Paid Date Paid
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 0.685 % 87.593 % 04/30/2019
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 3.022 % 86.908 % 02/23/2017
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 3.789 % 83.886 % 02/19/2015
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 5.551 % 80.097 % 12/19/2013
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 3.215 % 74.546 % 04/11/2013
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 22.331 % 71.331 % 03/08/2012
10331 - UNITED WESTERN BANK 01/21/2011 Traditional Depositor 49.000 % 49.000 % 03/28/2011
last divie aint yuge :))))
Case: United Western Bancorp, Inc. (cob-1:2012-bk-13815)
Court: District of Colorado (Bankruptcy)
669. Notice Re: Filing of Petition for Certiorari In the Supreme Court of the United States. Filed by Mark E. Haynes on behalf of Simon E. Rodriguez.
Robert,
yes, in my opinion the BEN BERNAKE (and his Masters) BUBBLE is the biggest financial bubble in human history, Trump Tax cut gave this bubble some extra time, hiperinflated numbers (in terms of Physical commodities available for delivery versus the paper contracts) of commodities future markets too
BEN BERNAKE and his masters knew Courage was needed but gave us "QouragE / QE " instead...
https://www.bloombergquint.com/global-economics/bernanke-says-u-s-economy-faces-wile-e-coyote-moment-in-2020
Will the coyote moment come in 2020 or a little bit earlier??
Time will tell
GL
Smart SCOTUS move, Thank you Sir
Hotmeat,
It was direct info from their last 10K:
https://www.sec.gov/Archives/edgar/data/1545078/000119312519092649/0001193125-19-092649-index.htm
Raegards