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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 Goldendreamon Mar 13, 2012 2:37pm
134 Views
Post# 19663927

RE: RE: RE: RE: Venezuela diplomatic Relations wit

RE: RE: RE: RE: Venezuela diplomatic Relations wit

                                       Thankyou for your input to all this (roberto146).  Well, it appears I have stirred up a hornets nest  of very knowledgeable and passionate investors on this bullboard.  Wether people agree or disagree is not what this bullboard is about, it is about the sharing of various points of view and knowledge associated with the related topic.  I personally value everybody's input ( they don't have to agree with me nesessaryly),  So, I'm now led to believe that the SP has not dropped to 0 because there is some hope for a Regime change because Hugo is dying of cancer and that this is where any hope is to be found.  Well, in this particular matter maybe it is the case to some degree with certain investors. I must admit I have not much experience dealing with dictators and their regimes.  I do know tomorrow marks the end of the negotiations time extention and this should lead to an anouncement that will at least spell the " Tone" of the negotiations that have taken place.  I still do not believe the Venuzuelan Government would allow 6 months to pass by in negotications unless they really wanted a mutal settlement with RML. It would be just too easy for them to just take over. Again at the cost of repeating myself.  I can not see RML offering " Options" in January during negociations with the Venezuelan Government, and not feel there was an exceptable settlement coming that was workable. It doesn't make sense to me these events occuring simply without reason.  However, once again we should all find out more very soon and we can discuss those findings at that time. Good-Luck and Happy Investing!

 

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