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Bullboard - Stock Discussion Forum
Rusoro Mining Ltd
V.RML
Alternate Symbol(s):
RMLFF
Metals & Mining
Gold
Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces....
The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.
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Bullboard (TSXV:RML)
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(199)
•••
astonbay
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Post by
astonbay
on Oct 23, 2023 8:33pm
No Minimum Price in Citgo Auction
Delaware court will not seek to set minimum price in Citgo auction HOUSTON, Oct 23 (Reuters) - The U.S. federal court officer overseeing an auction of shares in oil refiner Citgo
...more
(199)
•••
astonbay
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Comment by
astonbay
on Oct 23, 2023 10:11am
RE:RE:Auction Starts Tomorrow
You're welcome, and I'm glad they help.. Exciting times ahead as we'll gain 3-4x more from here. GLTA
(9)
•••
Amadeus
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Comment by
Amadeus
on Oct 23, 2023 4:58am
RE:Auction Starts Tomorrow
Thanks so much for that Reuters article aston, and for all the others you've presented. Really useful and interesting. GLA
(199)
•••
astonbay
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Post by
astonbay
on Oct 22, 2023 6:41am
Auction Starts Tomorrow
HOUSTON, Oct 22 (Reuters) - For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars
...more
(30)
•••
slappyjo
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Comment by
slappyjo
on Oct 19, 2023 6:44pm
RE:RE:RE:Beware of auction
Yeah, forget what the professional analysts say. Let's believe an anonymous person on the internet with a PC and internet connection.
(3)
•••
rupertpupkin
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Comment by
rupertpupkin
on Oct 19, 2023 6:13pm
RE:RE:RE:RE:RE:Beware of auction
The creditors who don't yet have a writ of attachment have until April 11th to be included. https://www.reuters.com/article/citgo-auction-bidding-idUSL1N3BH3BN
(63)
•••
HarfanddesNeiges
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Comment by
HarfanddesNeiges
on Oct 19, 2023 4:43pm
RE:RE:RE:RE:RE:RE:Beware of auction
2 US$ per share would be fair. GLTA
(43)
•••
Rockafellow2
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Comment by
Rockafellow2
on Oct 19, 2023 4:07pm
RE:RE:RE:RE:RE:Beware of auction
I think Gunner on CEO.ca has indicated correctly the recent share value to be equivalent to a 26cent bond that will mature within one year from now at 100% or above $1.50. I don't want to wait a
...more
(33)
•••
RIDER1975
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Comment by
RIDER1975
on Oct 19, 2023 3:55pm
RE:RE:RE:RE:Beware of auction
Some article mentioned that 10-13 bn value. Buz recently on a court hearing 30-40 bn was mentioned. With their earnings that sounds more plausable. What do you think, when will be knowm the ecact
...more
(43)
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Rockafellow2
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Comment by
Rockafellow2
on Oct 19, 2023 3:29pm
RE:RE:RE:Beware of auction
The 10 to 13 $B is according to a July post I read that says judge spark valued citco assets no more than the higher value so I am going for that amount not the inflated supposed value. Courts access
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(18)
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GoldenOrb
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Comment by
GoldenOrb
on Oct 19, 2023 2:12pm
RE:RE:Beware of auction
CITGO is worth more than the 10 to 13 billion dollar value mentioned in post. Business Operations/infrastructure on CITGO's level garner a sale price more than 3 to 4Xs earnings. Maybe
...more
(18)
•••
GoldenOrb
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Comment by
GoldenOrb
on Oct 19, 2023 1:53pm
RE:RE:Exntesion of Citgo's protection does not affect the auction
It's good news either way. We realize that to bring Venezuela to it's once very productive 3 million b/d won't happen soon, but with iron clad agreements investment can move forward.
...more
(33)
•••
RIDER1975
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Comment by
RIDER1975
on Oct 19, 2023 12:14pm
RE:Beware of auction
As far as I know, Conoco has two awards, with 2-3 bn at the front of the prior list, their 8 bn claim has nt got attachment yet. Even if they got, that shoildnt be prior to RML or GRZ. Moreovet
...more
(407)
•••
CAinPlap
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Comment by
CAinPlap
on Oct 19, 2023 11:35am
RE:Beware of auction
A previous post claimed RML was 7th in order of priority behind approximately 3.5 billion in other claims so if true, lots of meat on the bone for us hopefully.
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