US$33 mill plus interest AUD$43 mill, page-2

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14/12/17

10:18

Post #: 29621609
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Originally posted by agentm ↑

the interesting part of all this is that the doubters really hammered the holders about the possibility of achieving any result for years... no chance of a summary judgement, and they also doubted any sizable damages claim could be ruled.

so US$33 mill plus interest, which equates to AUD$43 mill, and all legal costs

since the summary judgement there has been stunned disbelief imho, with the usual suspects claiming you cannot enforce in singapore, but back that with absolutely no evidences nor precedence.. and it is so far removed from the truth it actually is laughable, singapore has the best seizure and enforcement processes that are far superior to most jurisdictions

essentially, its just a matter of time, a very short period, before things are totally enforceable in singapore.

given the market cap currently, there is obvious absolute disbelief by the market that there is any value to be given to the share from a USD$33 mill judgement, but i wonder how long the doubt will remain.

most investors in the oil sector are good at understanding conventional and unconventional and the longer they are in it they get to understand more and more geological aspects of hydrocarbon recovery, but not many are learned in civil law nor cross border jurisdiction recovery.. thats harder for oil sector investors to analyse ... or is it that hard?

things always mentioned by xstate was that the clients of sanston were high worth individuals. if we were dealing with companies then different story, they can wind down and be far harder to recover off, but individuals with professional relationships and standing in their respective communities are far easier to secure.

best of luck to all holders

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i think we all know they have two chances of getting the full amount buckley's and bugger all, love to be completely wrong but me thinks not-we'll know either way soon enough (i hope)

XST Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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US$33 mill plus interest AUD$43 mill, page-2

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US$33 mill plus interest AUD$43 mill, page-2

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