It's not every day that you see a 66% collapse in the overnight shareprice.
In this case Cassius has an enterprise value at this price of $5.4- $2.0m ( liquids +lithium tenement)= $3.4.
Let's say the limestone interests are worth $1.4m .
So the market values today the A$400m claim against Ghana at $2.0m.
So the chair James has sold us a pup?. I dont believe so,
What encourages me to average down today my entry cost is James' willingness and commitment to fight on. My hope is that he and his barrister connections can fashion a respectable case through the proceedings to be in a position to 1. obtain a funder to conduct the fight for the award or 2. obtain a reasonable settlement from the government of Ghana.
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