Greenx Metals Share Discussion Threads

[plentymorefish] 29/11/2022 08:15

Special divi?

[babbler] 29/11/2022 07:53

If they get 700m odd surely this is a 12 bag from here? What is the money earmarked for?

[plentymorefish] 29/11/2022 07:09

Any day now then?….

[jh420] 09/11/2022 07:37

Starting to fall into place.

[plentymorefish] 08/11/2022 15:45

Perhaps the company has won it’s legal action?….

[someuwin] 08/11/2022 15:16

...Even more so!

[someuwin] 07/11/2022 09:17

The rise continues.

[richie32] 27/9/2022 15:23

Well, it held up well when most stocks were falling. A tiny dip is nothing by comparison with other stocks.

[richie32] 22/9/2022 12:42

No idea if something's leaked or just positive sentiment. Just enjoying it...

[plentymorefish] 22/9/2022 11:41

Have we won?!…..;)

[plentymorefish] 14/9/2022 14:15

Ssshhh!….

[someuwin] 07/9/2022 15:00

Considering these mines have both coking and thermal coal and the price of these has gone stratospheric in recent months, I'd have thought the £737 million claim is letting Poland off very cheaply now.

[plentymorefish] 07/9/2022 14:40

Did you have a lie in today?!….

[someuwin] 07/9/2022 14:35

07 September 2022

GREENX METALS LIMITED

NEWS RELEASE 7 SEPTEMBER 2022

ARBITRATION CLAIMS PROCEEDING

ECT STATEMENT OF REPLY NOW LODGED


-- GreenX's ongoing arbitration against Poland is proceeding
at pace with Statements of Reply now having been submitted
for both the BIT and ECT claims
-- Damages of GBP737 million (A$1.3 billion/PLN 4.1 billion)
being claimed in total across the two arbitrations which
include the assessed value of GreenX's damages related to
both the Jan Karski and Debiensko mines, and accrued interest
related to any damages
-- GreenX's legal team and counsel are now preparing for the
combined hearing for both the BIT and ECT claims to be conducted
in front of the Tribunal
-- The Company is well funded to pursue the Claims with the
US$12.3 million LFA in place which is currently being drawn
down to cover legal, tribunal and external expert costs
as well as defined operating expenses associated with the
Claims

GreenX Metals Limited (GreenX or the Company) is pleased to report that as part of the ongoing international arbitration claims (Claims) against the Republic of Poland under both the Energy Charter Treaty (ECT) and the Australia-Poland Bilateral Investment Treaty (BIT) (together the Treaties), the Company has now filed its Statement of Reply in the both the BIT and ECT arbitrations. This is the final significant filing that GreenX will make for the ECT arbitration, with the next steps being for Poland to lodge their final filing (the Rejoinder) followed by a hearing to be conducted in front of the Tribunal. GreenX is seeking compensation in the amount of GBP737 million (equivalent to A$1.3 billion or PLN 4.1 billion) in total across the two arbitrations Claims.

Mr Stoikovich, Chief Executive Officer of GreenX commented: "The Claim is proceeding at pace, following the Company's submission of its Statement of Reply in the both the BIT and ECT arbitration. As previously disclosed, the compensation being claimed by the Company is GBP737 million across the Claims. We are pleased to see that EUR190 million in damages has been recently awarded to Rockhopper Exploration plc by an ECT tribunal in their arbitration against Italy, who were found to have breached the ECT following the failure to grant Rockhopper its production concession at the Ombrina Mare oil field despite having been awarded all the required technical and environmental authorisations."

[plentymorefish] 01/9/2022 12:47

This share is a bit like the Grand Old Duke of York……

[plentymorefish] 16/8/2022 18:30

Sshhh!….

[richie32] 16/8/2022 15:33

Pretty steep rise. Success in litigation (i.e. a decent settlement) will propel this one.

[orcaattack] 26/7/2022 22:12

This Greenland program looks to be struggling. Totally clogged with sea ice, I doubt they'll get their vessel in..

[plentymorefish] 25/7/2022 09:44

Perky again......

[dumbo4] 06/7/2022 12:48

£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

[plentymorefish] 08/6/2022 13:44

That's laxatives for you!......

[jh420] 08/6/2022 11:13

Finally some movement here. 2 days in a row.

[plentymorefish] 24/5/2022 15:49

It's bound to take a long time though.....