CYL 1.50% $1.97 catalyst metals limited

Ann: Half year accounts, page-5

  1. 373 Posts.
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    Catalyst is appealing recent wasc ruling in favor of zuleika however for some color regarding the amount of dollars a bad outcome at wasc potentiallycost catalyst, zuleika latest 6 month financials is very helpful. #16 commitments and contingencies on page 19 show wasc ruled )catalyst not only owe zuleika its legal fees but also, and I quote "the next stage of litigation is to quantify the damages that may be payable by vango on account of their determined breaches of the BTS." Zuleika asking for $21mm in damages. Interesting that the $22mm equity Catalyst just diluted, appear to match in amount closely the total relief zuleika asking wasc to award...
 
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