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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Comment by NaturalCurrencyon Jun 27, 2024 12:11am
111 Views
Post# 36108309

RE:Trading activity in EOM

RE:Trading activity in EOMIf this trading is based on credible information, then it implies a settlement / reward / buyout price of at least $500M - $600M. Because if my understanding of waterfall is correct, shareholders will gain nothing beyond that threshold - first are the debt & notes in line, followed by CVR + MIP to the minimum of (a) $460M or (b) 95% of the total $$. Shateholders come after that. So it follows that award has to be minimum $500M-$600M before shareholders get anything.

This is my understanding and interpretation. Please feel free to correct me if I am wrong. 
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