Interesting indeed. So IDA does not receive 100% of any successful litigation proceeds but will receive 83.7% of either 70% or 85% of the payout less the share claimed by the litigation funders. Working on a perhaps optimistic net ( After litigation funders fee) payout of $70 Million IDA would receive either $41.7 Million or $49.8 Million and in the event of a much more modest payout of $50 million IDA would receive either $29.3 Million or $35.6 Million
Still a fantastic windfall for the company but certainly not the $100 Million loosely talked about. Heres hoping the LRI mob are unsuccessful in their dispute.
- Forums
- ASX - By Stock
- IDA
- News: IDA Indiana Resources Refers For Arbitration Dispute Between Ntaka Nickel & Loricatus Resource
News: IDA Indiana Resources Refers For Arbitration Dispute Between Ntaka Nickel & Loricatus Resource, page-2
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IDA (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.99M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18831 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 80000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18831 | 0.077 |
1 | 67 | 0.076 |
1 | 200000 | 0.074 |
2 | 1658835 | 0.073 |
1 | 13660 | 0.072 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 55000 | 2 |
0.082 | 50000 | 1 |
0.083 | 300000 | 1 |
0.085 | 277943 | 2 |
0.088 | 500000 | 1 |
Last trade - 16.12pm 04/06/2024 (20 minute delay) ? |
Featured News
IDA (ASX) Chart |
Day chart unavailable