Eco Oro Minerals Corp C.EOM

Potential payout

[oldtimer42]

90% of the arbitration proceeds will go to the CVR holders of which Trex is the major holder. Assuming the award is $500 million shareholders will receive $50 million, based on 106 million outstanding shares shareholders would receive about 42 cents US or about 55 cents CAD. Add in the costs of reimbursed Trex loans and we would receive about 65 cents CAD.

Of course most of us have some CVR so that is due us as well. That is just a rough calculation. New Investors may pump the share price higher and the award.may exceed my guess of $500 million minimum. I cannot wait for the arbitration award amount,
.

[Eaglegold]

Hi all, This is welcome news after a long, long wait...over a year past the timeline set by the ICSID itself. As for the payout, it isn't just costs that add to the potential $784 mil EOM asked for, as Oldtimer reminds us, but also interest at 6% per annum. On just the $250,000,000.00 EOM has invested is $15 mil a year compounded. I presume they would break it down year by year as money was

[TiredofWating]

Well, that vangard article threw me in a different direction.... The quick math using $500 m, 90% to CVR, and 100 M shares, leads to 50 cents per share.   It will be interesting to see what that abitration award will be... And, the timing.   Will this be weeks or months before that number is known?

[oldtimer42]

Well Tired. EOM was well aware the request to itemize costs is a normal last stage requirement. Surely that report was prepared some time ago and will be lodged quickly. Since Colombia lost the arbitration no doubt they have to eat their costs. I have no idea how long it will take the tribunal to announce the award but should not be long unless they have questions. As I understand any Trex legal