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850k is the deposit for security for high courtActual amount is...

  1. moremoney2
    2,243 Posts.
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    15/02/12
    14:08
    Post #: 9697259
    850k is the deposit for security for high court

    Actual amount is 8.5m payable by CHM if IPL wins in high court - page 2 dec qtrly

    so add 8.5m cash out to your worst case

    $25m in - definate from MMX - worth 5c page 1 dec qtrly

    $8.5m out - If loose high court appeal by IPL - approx 1.7c value

    5 - 1.7 = 3.3 = current value of SP - no tenanment value - no grimaldi value
    CHM Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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