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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
Post by Amadeuson Nov 13, 2018 6:36am
195 Views
Post# 28963544

Share price

Share priceThe sp is drifting because RML is now akin to a futures or options transaction; it's value degenerates with time. If no payment is made nor positive information received by the end of November, it could quite easily fall to 10c or so, as holders lose their nerve. This is the risk you take. A full or very significant payment next week could take us back to 40c or more. I will certainly buy further on falls to the 10c area as I believe that both VZ and RML want and need this to succeed and eventually the huge VZ resources, with support from the Chinese and Russians will generate enough to make it happen.  GLA 
Bullboard Posts