IDA 2.08% 9.4¢ indiana resources limited

Ann: US$90 Million Settlement With Tanzania, page-50

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    I think most would have expected to either get paid the full amount in a few months (with some discount for risk) or get paid approx 80% straight away. What we got is somewhere in the order of 70% in over a years time so I can see why it has dropped.

    if you work out things like legal fees, the accounting swap from US125m to US106m and interest free repayment terms I wouldn't be surprised if the real cents per dollar for IDA shareholders is much closer to 50% than the 82% they are trying to sell. This would have been an acceptable settlement before or just after the award was issued. It's dead average considering three of four objections were already dismissed and the case should have been heard in a week.
 
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