bouncing back buyers are flooding in now , page-6

Do you know anything about how to calculate capital gains??? To put it simply, you take initial capital outlay (in this case $1.2m odd, of which CHM says they contributed 24%), then add any further capital expenditure to improve the asset (how many $100's of millions that Murchison has spent??? lets say $250m for arguments sake) - that's your "cost base".

So cost base is $1.2m plus $250m, of which CHM contributed around 1%, and that's being generous.

Your capital gain, if worked out today, is the value today less cost base and any other allowable expenses.

So whatever the project is valued at today (say $1bn), less cost base of $251m gives capital gain of SAY $750 million - of which CHM would AT BEST get $7.5m...

This is all very rough numbers, but just trying to show you what was actually ruled - the 24% number being bandied around means NOTHING .. read the most recent announcement again, even CHM management concedes, as the court did, that you have to take into account MMXs expenditure. Refer the second last para of the announcement where it says an allowance has to be made to account for the uplift in value attributable to MMXs expenditure on the project.. the forensic accountants will argue (rightly) that this expenditure should be attributed a higher weighting in the calculations - further diminishing CHMs claim.

FFS, when will they give up??