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Bullboard - Stock Discussion Forum Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

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.... see more

Bullboard (TSXV:RML)

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Post by astonbayon 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  
Comment by astonbayon 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 
Comment by Amadeuson 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
Post by astonbayon 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  
Comment by slappyjoon 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.
Comment by rupertpupkinon 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
Comment by HarfanddesNeigeson Oct 19, 2023 4:43pm

RE:RE:RE:RE:RE:RE:Beware of auction

2 US$ per share would be fair. GLTA
Comment by Rockafellow2on 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  
Comment by RIDER1975on 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  
Comment by Rockafellow2on 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 ...more  
Comment by GoldenOrbon 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  
Comment by GoldenOrbon 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  
Comment by RIDER1975on 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  
Comment by CAinPlapon 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.