I have not changed my story. GRX market cap WAS ~$270M AUD not so long back which equated to ~21% of the claim value.
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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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Last
89.0¢ |
Change
0.010(1.14%) |
Mkt cap ! $248.2M |
Open | High | Low | Value | Volume |
89.0¢ | 89.0¢ | 89.0¢ | $12.98K | 14.59K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5410 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
94.0¢ | 6700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5410 | 0.890 |
1 | 7320 | 0.875 |
1 | 5320 | 0.855 |
1 | 2000 | 0.825 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.940 | 6700 | 1 |
0.950 | 4500 | 1 |
0.980 | 50000 | 1 |
1.000 | 16000 | 2 |
1.100 | 2000 | 1 |
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