Added to YB: 2024-02-27
Pitch date: 2024-02-26
IDA.AX [bullish]
Indiana Resources Limited
+100.24%
current return
Author Info
No bio for this author
Company Info
Indiana Resources Limited engages in the exploration of rare earth elements, gold, and base metals in Australia.
Market Cap
AUD 50.1M
Pitch Price
AUD 0.02
Price Target
0.16 (+357%)
Dividend
N/A
EV/EBITDA
0.53
P/E
1.02
EV/Sales
0.30
Sector
Metals and Mining
Category
special_situation
$IDA.AX - How a recent arbitration win is offering a lucrative special situation for investors.
IDA.AX: 80-100% upside in 9-12mo. Favorable ICSID ruling for $184M AUD vs Tanzania, $1M/mo interest. Despite annulment attempt, final hearing 7/26/24. Tanzania Attorney General promised payment 45 days post decision. Tanzania's $1.14B from World Bank (ICSID parent) may influence ability to pay. Conservative timeline: 2mo post hearing + 1mo for payment.
Read full article (3 min)