alcoa may claim $158 million in damages..

Taken from an annoucement on the 28/3

"In the event liquidated damages are held to be invalid, Alcoa makes a claim for general damages of approximately $158 million against both the participants in the HJV and the other supplier."

If this does occur you would think TAP who has a 12.3% interest in the joint venture would be up fot about $20-$25 million in adamages but could be more/less depending on how the JV works.

In the current market Tap has a market cap of about $223 million, has about $63 million cash and turned over nearly 50% revenue last quarter down to only $10 million.

At a market cap of $233 million you would expect revenue to be substanically higher and in an idustry that is high risk with decreasing oil prussure volumes and court cases against the company but one of the worlds largest companies the market cap can not currently be justified.

Possibly if the company was trading at around $150 million it would proberly be a buy but due to current lack of revenue, risk in business and the current court case which could well cost TAP a small fortune it seems a little over valued IMO.