"According to Rachel Rothwell, writing in the Law Society Gazette last month, litigation funding groups are remarkably cautious. And most firms will not touch a case unless it is deemed to have a 70 per cent chance of success, she says."
Exclusive: Evil Knievil piles into Oxus Gold – reckons an arbitration win soon
I can reveal that legendary bear raider Evil Knievil has reinvested a material portion of his horse racing winnings on the week (£135,000 to date) in shares in AIM listed Oxus Gold (OXS) at 2.2p.
The well-known shorter reckons that we will soon hear news on a Tribunal case in Uzbekistan where Oxus, if successful stands to win at least two hundred million pounds. The market cap is today £11 million. Knievil believes that there is a good chance that Oxus may prevail.
However, he concedes that if the Tribunal rules against Oxus its shares are worth “not very much.” Indeed a look at its balance sheet suggests that defeat in the Tribunal might indeed imply a value of “toast.” However Knievil is confident that his boys will prevail and therefore views this as a 20-1 shot with a good chance of winning what is a two horse race.
I wonder if I could take you up on 2 lines from your post:
Quote 1 "So people who are coming out with subjective or quantitative reasonings are no better than the traders"
Quote 2 "What does confuse me a little is why the decision hasn't come yet given its been more than 4 months now from final hearing. If this was so clear cut then the decision to not award would have been simple and would have come within 3months".
Now for my question, from Quote 2. On what Fact are you basing your comment? If you have been following this bb you will have seen that the time between final hearing and Award can be very long indeed. In the case of Metal Tech it was 18 months, for example, and which was a clear cut case. Since your statement appears to be based on opinion, and not on fact, could we presume that your quote 1 applies?
Sorry on my phone ATM but. It's easy isn't it ? A company is past the timeframe is was expecting a decision as to whether or not it's owed as much as 1.2bn Buy.hold.wait Then either lose 80% or make a huge gain with probably the largest multi bag of 2015.
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