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 > siembra Minera

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Comment by mrmoribundon Jan 12, 2024 5:52pm

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Post# 35824540

RE:RE:RE:RE:RE:siembra Minera

The majority of any award does not mean all of it.

If the company held on to $100 million that would be more than enough to launch a new ICSID case (if necessary).

The company would still have a valid claim to 45% of that mega-mine, the mine data (which no one else has), and the shovel-ready plans. Board members would be violating their fiduciary duty if they walked away from that value (without some very good reason).

If some current directors have gotten tired of this saga (and I wouldn't blame them) then you find new directors.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle