Member Info for Edhellas

@Jam we don't know but they've hinted multiple times at $500-1000m and that was before the gold price started to really climb.

As Gal says it'll vary a lot depending on the evaluation method but north of $1b seems likely. They've delayed the announcement for months now, they're probably trying to base it on current prices and waiting for the most value they can squeeze out of it.

Yep, highest point since September 2023.

Hopefully we can find a much better floor in 2025 and reduce dilution.

I don't plan on selling any until the mkcap reaches at least 10% of the claim amount, but probably won't sell any even then.

Genel had environmental factors in their case, which is one of the main reasons a mining / oil company will lose a BIT case. I wouldn't say their case was strong, unlike PAT.

Greenx announced theirs on 4th Nov 2020 I believe, it took about two years for the stock to see real movement.

They also became listed on another exchange which helped them bring in new investors.

I doubt we'll see a lasting jump when the claim amount is announced either. There will still be plenty of opportunities to top over the next couple of years

Https://www.ft.com/content/56dd7a0f-8462-4b71-91a7-4f0cf2b38f4b

I will have to pass, possibly next year if it happens again

Voting opened up for any who missed it.

It was Bhukia.

I don't see the pause in mining as proof of an early settlement. They're just doing what is best for them.

Any reparations India are forced to pay to PAT (plus legal fees) will still be cheaper for them than what they'll get out of it by letting an Indian firm mine it.

And from their perspective, if they settle early with us, it'll encourage the other firms who have lost out thanks to the same law to open litigation. At least in court they have a (very slim) chance of winning and the delays are off putting for the other firms.

I wonder though if LCM is going to reach out to those firms to possibly represent them too...

R:E Faskens, they are industry leaders just like LCM and one of the reasons I was confident investing here. They continued to work with us when we were low on cash in good faith, they know we've got a great case.

I do recall 6moz from one of the earlier RNSs, which later became 6.6/6.7

Cheers

So it's the same answer as most success stories: who you know > what you know!

Thanks Gall

I only found PAT by chance because I worked for CPS and heard their case mentioned by a lawyer who was following it

What's your method for finding strong litigation cases like this?

Nothing @JMUK26, just the appointment of the arbitrators for both sides. Arrived sooner than I expected, pleasantly surprised

I see, cheers.

For people looking for real stats I'd suggest looking at BIT and specifically mining BIT cases from the past 10 years or so. Rather than total ICSID cases.

A couple of years ago I commented a list of Indian BIT cases too, if memory serves the majority were either in favour of the investor or settled amicably.

Not sure where you get 50% from? It's higher than that in recent years (since international cases started to get streamlined). Bit of a useless stat regardless as the case wins or loses based on merit, which is abnormally strong here.

I'm fine with anything if it makes me enough money, but I'm happy to stick this through to the result of arbitration

20p by 2028 isn't very exciting, good to see some targets though I suppose

@deck they estimate it'll be no sooner than 2027