RE: ZENITHS WORTH $639.5m7 Jan 2025 10:23
What you have mentioned Ajmalkhuram is the best case scenario.
What if we lose ICSID Arbitration and CNAOG ICC Arbitration, then the current share price is way over what has been awarded from ICC-1 Arbitration.
*Market Cap before 19-Dec was £5.86M.
*Award from ICC-1 Arbitration ($9.7M which is ~£7.72M)
*Market Cap current = £18.42M
Factoring in ICC-1 Arbitration award, the share price should be 3.71p - rest is all anticipation.
Now 3.71p is the worst case scenario (for now). Imagine we have to pay litigation cost (if it's not settled before and we lose as well).