RE: Preferential shares28 Mar 2024 12:55
No, only the ones who held the stock the 16th of February got them. It's impossible to get preferentials any more.
Common shares will get some exposure to the award too, but comparatively is way too small for the risk imo: 50% of the award, +-35% of that for lawyers, another 25% for taxes, minus millionaire performance bonus for management, minus the expected dilution which is going to be probably the main problem here as process will take years... and whatever is left wont be valued at money value as it wont be distributed, I'd expect at least another 20% discount on top.
I think there are better risk reward options with earlier finish lines than the commons: Personally, I sold my AST.L commons and will play the award with the preferentials as I cannot sell them anyway, and moved the cash to Montero Mining MON.V which is trading at $0.21 and should get to $1.5 after an award this year with way less risk in the trial, as their case is a copypaste of the ones already won by IDA.ASX & WINS.V, even lawyers are the same