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Ann: Arbitration Hearing Claims Against Poland Now Completed, page-156

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plough

33,699 Posts.

1787

02/08/24

11:25

Post #: 75042153
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Originally posted by wilburinthewild ↑

I have not changed my story. GRX market cap WAS ~$270M AUD not so long back which equated to ~21% of the claim value.

View attachment 5814865

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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GRX Price at posting: 81.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 81.5¢		Change 0.000(0.00%)		Mkt cap ! $227.3M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	20	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
98.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
3	20	0.820
1	999	0.795
1	5000	0.790
1	2360	0.765
0	0	0.000

Price($)	Vol.	No.
0.980	50000	1
1.000	16000	2
2.450	100000	1
2.950	100000	1
3.450	100000	1

Last trade - 16.14pm 02/08/2024 (20 minute delay)

GRX (ASX) Chart

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Ann: Arbitration Hearing Claims Against Poland Now Completed, page-156

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Ann: Arbitration Hearing Claims Against Poland Now Completed, page-156

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