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Gold Reserve Inc V.GRZ

Alternate Symbol(s):  GDRZF

Gold Reserve Inc. is an exploration stage company, which is engaged in the business of acquiring, exploring, and developing mining projects. The Company's exploration prospects include Siembra Minera and LMS Gold Project. Siembra Minera holds certain gold, copper, silver, and other strategic mineral rights within Bolivar State comprising approximately 18,950 hectares in an area located in the Km 88 gold mining district of southeast Bolivar State which includes the historical Brisas and Cristinas areas. The mineral rights held by Siembra Minera have a 20-year term with two 10-year extensions. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by the Company. The Company's subsidiaries include Gold Reserve Corporation, GR Mining (Barbados) Inc., GR Procurement (Barbados) Inc., and GR Mining Group (Barbados) Inc.


TSXV:GRZ - Post by User

Bullboard Posts
Post by audigger13321on Sep 23, 2014 2:52pm
253 Views
Post# 22963300

Congrats...

Congrats...Even at about 46% of the original claim, this is not too shabby. Rusoro (RML) also filed an International Arbitration for their Venezuelan properties, for $ 3.03 Billion. They do have more shares, 532.6 Million, but even if they only get 46%, the rewards will be much higher, as the shares now sell below 3 cents per share. The insiders have been buying in tens of millions of shares, in the last 3 years, so this may be a blue light special to top them all. Personally, I own 158,500 shares. This is not an endorsement, but just a personal off the wall opinion. DYODD. Audi.
Bullboard Posts