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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. 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.


TSXV:RML - Post by User

Bullboard Posts
Comment by thinker1951on Jun 17, 2009 8:41pm
388 Views
Post# 16079472

RE: RE: Takeover

RE: RE: TakeoverI am stunned by this amount of bonus. Have they actually realized that much gain in money and the company brings in 70 million in cash in 2008 and loses 70 million. And then that delayed nr on management golden parachutes if the company is bought out.The only way to make money on this one is to trade it. No one is looking at Venezuela right now. They shafted grz and kry and its hard to trust the russians. These bonuses are unbelievable. How did they raise 80 million was there no dd on the part of the lenders?? Or was the money from russian buddies?? The more I learn about Venezuela and russians and info like these bonuses the more skeptical I get about how this will turn out. The hrg saga isnt pretty and severstal the takeover company of hrg is russian.
Bullboard Posts