IDA 0.00% 7.7¢ indiana resources limited

Ann: Tanzania Provides Undertaking to Pay Award Debt, page-27

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    yeah- lawyers likely to get 20m USD, possibly up to 25m.

    my estimation is that IDA receive 16c per share in cash.

    assumptions:
    usd 122m paid
    usd 20m legal bill
    exch rate usd to aud 0.66
    ida share of claim 65%
    620m SOI fully dil

    ~100m aud
    ~ 16c ps

    they would likely pay out 12c per share as a spec div imo, in the above scenario.
 
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