RE: No award for current shareholders, read nr of last year about preference shares guys24 Sep 2025 08:35
I have another scenario for you, the Rockhopper scenario: wait years and years for a decision. After many years of waiting, the decision is in favor of the company. The accused country makes an objection for the decision, one year more waiting. The verdict is nullified because of some complete bogus claims ("the lawyer didn't disclose a conviction 20 years ago"). Luckily RKH had some kind of insurance against the nullification, so they got some millions of that, but we can say that this story was a dumb joke.
I don't want to bash Ascent and I wish the shareholders the best, but I wouldn't be too excited about it.