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Regardless what will be the outcome but I still like to donate...

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justfriendau

1,935 Posts.

406

22/11/23

17:49

Post #: 71050146
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Originally posted by 7seven7: ↑

Most likely outcome is we will get our 4-5c per share and that's it.

Not sure any of these class action "no fee if no win" firms will bother with the case, it is not clear cut enough in my opinion. To much ambiguity around the value calculation given that still today, the offtake agreement is in place that basically makes the mine look like it runs at a loss. Unless that offtake deal is terminated, they can't ignore it so any valuer will have its hands tied.

What can possibiy be challenged is the fact that there was no open auction process and instead they decided to negotiate with only one party... but then there is already a judge ruling which supported this so again, it will be hard to challenge.

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Regardless what will be the outcome but I still like to donate my 4.5c to fight legally for fairness.

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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