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Study on going.
But states peoplr outside of claim area by shine ( probably more remote) are told not to use water.
Another guy who did not sign up saw healthy fish production go from 1.2 million to 0. He thinks 100m aud needed for compensation
https://www.abc.net.au/news/2023-04-21/landowners-still-waiting-for-pfas-compensation/102241056
a couple things:
https://www.lawyerly.com.au/pfas-class-action-judge-frustrated-about-lack-of-settlement/
basically the judge taking issue with the government for dragging their feet and not settling prior to this going to court. Looks like it heads to trial Monday. Might even be live streamed.
not that it was probably a bit matter on our books, but progress on another funded case (this would be 100% balance sheet)
https://www.news.com.au/entertainment/music/katy-perry-loses-federal-court-battle-with-aussie-fashion-designer/news-story/27ded4be93eb020595d73712c325efad
Thanks for the updates..shame the company doesn't do more RNS updates to keep investors engaged.
Are you a subscriber to the website? Or just gping off the title?
no I'm not a subscriber, but i was able to get a copy of the article from someone who is.
looks like the main PFAS trial date has been pushed back 2 weeks. 15 May we know kick off, unless there is a last minute settlement.
https://www.comcourts.gov.au/file/Federal/P/NSD431/2020/actions
Looks like we are potentially seeding an investment in Panthera Resources
https://www.londonstockexchange.com/news-article/PAT/operations-update/15938251
would like to get access to this article. I believe this matter is close to a final resolution:
https://www.lawyerly.com.au/aig-cant-withdraw-admission-in-linchpin-class-action/
Glad to converse with someone on a board who posts rational facts :).
I was aware of the second item, on my watch list.
It does feel like there is value in tracking some of the larger cases even if there is a cost. There is a nicee grey level pf information in the market before lcm put out the black and white rns
Is your take from thw article. That the judge sees a valid pfas claim and they are arguing about the amount.
The studiea are performed by the defendant, and they are claiming for lost property values.
Surely any form of polution even minor will have an impact on their values.
Thx.
Good news. I personally wanted a bit more from this but a win is a win :).
They will need to finalise the close of the 2nd fund soon. Too much cash coming in
I too would have hoped for more.
even on this result, its still at least a $25M profit to the group, take out 3rd party fund and at least $12M remaining.
serious question, why is there not a news release on the matter? Is this not material?
Seems like it is within the fund which i did not expect.
Profit is profit.
In some ways happy as than now implies that the money from our own balance sheet items is somewhere else
Bummer on this one but going to happen from time to time:
https://www.firstpost.com/world/lawsuit-against-google-over-medical-information-dismissed-by-british-court-12620382.html
this was third party funded and roughly one year into the matter, so with any luck not as much damage had it gone all the way to trial...
Looks like it will be a ~$33M profit on the PFAS case on a consolidated basis
www.comcourts.gov.au/file/Federal/P/NSD431/2020/3887497/event/31432939/document/2114380
This is bonkers i think value of imvestments was circa 55m gbp at last results. Last 2 aud cases made 20m gbp. Plus we have carillion.
Anyway, as the book value increases the mispricing will become more and more apparent