Gold Reserve Inc V.GRZ

Alternate Symbol(s): GDRZF

Metals & Mining Gold

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

Gold Reserve Inc > Tax Implications on the Award Collection ?

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Comment by slappyjoon Jan 10, 2024 1:10pm

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Post# 35819725

RE:RE:RE:Tax Implications on the Award Collection ?

I would like to see the math on how you arrived at $13/share. I'm assuming that's USD.

At $1.1 billion USD gross, and with an outlay of 25%, your number isn't close. And my $7.70 is best case as the company said they will retain a portion of any award and put it in the company coffers to continue operations. That was several months ago so it's possible that might change.

A little birdie did not tell me this. A company executive told me directly. I hope you're right and I am wrong, though.

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