Congratulations to IDA shareholders on the win over Tanzania. I am visiting you from the message boards of the London Stock Exchange - I am a longtime shareholder of Litigation Capital Management (LIT), which funded Indiana's claim. It seems we will all make money from this win!
I'm considering buying a few shares of IDA as well. By my rough math, maybe $30-40M USD will be returned directly to IDA shareholders - is that in line with what you all are seeing?
Does the company carry a lot of debt? I didn't see the enterprise value listed in their most recent presentation.
Ann: Tanzania Provides Undertaking to Pay Award Debt, page-59
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