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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I have not changed my story. GRX market cap WAS ~$270M AUD not...
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Last
89.5¢ |
Change
0.020(2.29%) |
Mkt cap ! $244.5M |
Open | High | Low | Value | Volume |
89.0¢ | 90.0¢ | 87.5¢ | $28.09K | 31.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35013 | 87.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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99.0¢ | 800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35013 | 0.875 |
1 | 9000 | 0.830 |
1 | 50000 | 0.800 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 800 | 1 |
1.000 | 25000 | 1 |
1.065 | 4909 | 1 |
4.400 | 150022 | 2 |
0.000 | 0 | 0 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
89.0¢ |
  |
Change
0.020 ( 1.14 %) |
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Open | High | Low | Volume | ||
88.0¢ | 90.0¢ | 88.0¢ | 24417 | ||
Last updated 15.10pm 22/05/2024 ? |
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