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0.00% 7.8¢ indiana resources limited

yeah- lawyers likely to get 20m USD, possibly up to 25m.my...

  1. oligarch
    1,882 Posts.
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    27/12/23
    10:58
    Post #: 71625163
    yeah- lawyers likely to get 20m USD, possibly up to 25m.

    my estimation is that IDA receive 16c per share in cash.

    assumptions:
    usd 122m paid
    usd 20m legal bill
    exch rate usd to aud 0.66
    ida share of claim 65%
    620m SOI fully dil

    ~100m aud
    ~ 16c ps

    they would likely pay out 12c per share as a spec div imo, in the above scenario.
    IDA Price at posting: 7.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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