Ann: Ghana International Arbitration Update, page-59

First thing, the case is being heard by a tribunal of independent arbitrators, not the High Court.

Secondly, the potential upside is much greater going into a company that has been decimated than going into a company that specialises in litigation cases. Many examples of this, feel free to dyor instead a spewing baseless statements.

Thirdly, plenty of junior explorers on the ASX with market caps lower than CMD without the potential upside.

Once/if litigation funding is secured, the stock will rerate. Sure the terms may not be as good as other plays, but there is a lot of cream in the award to entice the potential funder for the additional risk.