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9.4¢ indiana resources limited

Ann: US$90 Million Settlement With Tanzania, page-52

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Floyd2

205 Posts.

22

29/07/24

15:51

Post #: 74965607
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Originally posted by timferris: ↑

I think most would have expected to either get paid the full amount in a few months (with some discount for risk) or get paid approx 80% straight away. What we got is somewhere in the order of 70% in over a years time so I can see why it has dropped.

if you work out things like legal fees, the accounting swap from US125m to US106m and interest free repayment terms I wouldn't be surprised if the real cents per dollar for IDA shareholders is much closer to 50% than the 82% they are trying to sell. This would have been an acceptable settlement before or just after the award was issued. It's dead average considering three of four objections were already dismissed and the case should have been heard in a week.

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"What we got is somewhere in the order of 70% in over a years time so I can see why it has dropped."

Isn't it 61% to be received in Oct (28%) and the bal by March 2025 (33%) ie within 8 months at the most??

Certainly not ideal & hopefully the Webinar will explain why the concessions were agreed to.

IDA Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.4¢		Change -0.002(2.08%)		Mkt cap ! $60.89M

Open	High	Low	Value	Volume
9.6¢	9.6¢	9.3¢	$39.30K	417.4K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	40867	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.092
1	134395	0.091
2	332099	0.090
2	502539	0.089
1	200000	0.087

Price($)	Vol.	No.
0.094	40867	1
0.095	106667	1
0.096	58438	1
0.097	151956	1
0.098	219995	1

Last trade - 12.53pm 04/09/2024 (20 minute delay)

IDA (ASX) Chart