IDA indiana resources limited

Ann: US$25M Received from Tanzania, page-21

  1. 7,111 Posts.
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    Hello. I only learned about IDA today. IDA have 635,871,276 shares, around 30M in the money options and $21M in cash at 20/9/24 and now an additional AUD$37M in cash received today plus another $44M due on 30/3/25. Also I guess/speculate the compensation will be subject to 30% tax.

    The IDA quarterly report said about the first US$35M in compensation: "Of the first instalment received of US$35 million, approximately US$23 million was applied in repayment of the litigation funding facility, legal, taxation and administration expenses" resulting in AUD$21,121,000 in cash receipts from the compensation.

    Assuming or wildly speculating there are no further legal costs to repay, IDA might possibly receive in total $78M after tax from the compensation (you should check whatever the real financial reality is here with the company). If this is close to accurate, the would result in 11.6 cents per share in cash held by IDA.

    The charts you posted have no relevance whatsoever. smile.png It appears the value of IDA is based on its cash in the bank and the value of its other assets.

    Last edited by GKeden: 29/10/24
 
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Last trade - 14.34pm 24/06/2025 (20 minute delay) ?
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