I have not changed my story. GRX market cap WAS ~$270M AUD not so long back which equated to ~21% of the claim value.
then you also have to factor in the fact that the board have a carve out to take 6% of the net proceeds of the claim (after litigation fees) themself.
Fully dilute the shares on issue and the share count rises from ~273M to ~300M. So on that basis, for me at least i figured i was content with what i have made and shall look for the next one.
Moderators pulled me up for previous post for another LCM funded claim saying "please provide a link." Ok here ya go:
https://www.londonstockexchange.com...-confirmation-notice-us-13-6-million/16097840
Again i wish all remaining shareholders a great outcome here, i reserve the right to come back to GRX, but that requires a big award and a large discount to market. Just to give you more perspective on how markets value these matters, look at Rockhopper Exploration case against Italy. Stock is trading at 46% of the award size, apply the same metric to GRX, and you will need an award of greater than $600M or greater to want to stick around at this stage of the case...
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Mkt cap ! $259.3M |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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0.940 | 6700 | 1 |
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