Eco Oro Minerals Corp C.EOM

US$696 million plus interest at a rate of 6.6 percent p.a.

[sailor8]

...The Company is seeking US$696 million plus interest at a rate of 6.6 percent per annum, compounded semiannually, as compensation for damages the Company sustained as a result of Colombia’s measures. The Company has not recorded any amount in the financial statements as a contingent gain due to the ultimate uncertainty of the outcome...

OUTLOOK 

Notwithstanding the continuation of the ICSID Arbitration, the Company remains open to engagement with the

Colombian authorities in order to achieve an amicable resolution of the dispute.

---------------------
source: MD&A from May 02., 2022, available on SEDAR

Nice price tag also for Minesa  (the Arabs), if they in some way can make some magic in the hopeless Colombian political wilderness.

In the MD&A  is also a larger part about our CVRs written. Something for weekend reading perhaps.
--------
BTW: On SEDAR is also the new "Audited Annual Financial Statement" available

[TiredofWating]

With that number, would the distribution waterfall leave around 85 cents per share? $700M US of which 90% goes to the CVRs, leaving $70M US/110 M shares = $0.85/share. Or is that delusional?

[sailor8]

Can not answer it. Too many things to do for me with other shares, so I had not enough time until now to check out the CVR details. They stated a lot of text about the different CVR's rights in the recent MD&A available on Sedar. What is certainly a wrong assumption is that it would be in favour for our request "only" ~ USD 700 million. Remember when the first Colombian court

[oldtimer42]

You are accurate Tired. The 85 cents is $US so if we are lucky enough to get a $700 US million award, at 10% of the arbitration figure, it would work out to 85 US cents and would result in about $1.07 Canadian. Any interest would accrue from 2016 when the arbitration was filed...plus expenses. Using these calculations we could have an award of almost $1 billion. I would not hold my breath at that