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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Greenx Metals Limited | GRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -2.17% | 45.00 | 15:05:57 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 46.00 | 45.00 | 46.00 | 45.00 | 46.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 29/11/2022 18:47 by pigeonfeeder Why will GRX spike when the award is announced? The courts could rule against GRX in which case the share price will plummet.The City am article headline suggests the company will receive a payout of the full £740m claimed. The courts ruling is yet to be made public. |
Posted at 29/11/2022 09:04 by someuwin Worth looking at LIT too...Litigation Capital Management LSE:LIT are the funders of the GRX case so stand to take 30% or so of any payout. LIT Chairman has today purchased another £260k worth of LIT stock. LIT is funding many other high value litigation cases (including against Google, Amazon, Carillion etc) LIT current valuation £81m. |
Posted at 29/11/2022 08:15 by plentymorefish Special divi? |
Posted at 06/7/2022 13:48 by dumbo4 £737m is 26 times the current mcap. As a rule of thumb in arbitration cases, a successful case might result in a payout of 1/3rd to half, say £300m. LIT might take 1/3rd of that depending on the agreement, leaving £200m which is 7.7 times the present price. I've been involved in many arbitration cases over the past 20 years, Oxus, Churchill, Rusoro (still ongoing) and feel that 7.7x the claim is not great odds but of course there are other strands to the business. What these are worth in these very negative markets is difficult to assess.I do hold GRX. GLA |
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