RML: A 7x To 12x Upside Based On Settlement With Venezuela Someone may have posted this very recent detailed analysis previously ....
https://nasdaqnewsreports.blogspot.com/2018/10/rusoro-mining-7x-to-12x-upside-based-on.html
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The first reaction one would have is that "if it is too good to be true, it usually is". RML has reacted positively to this news, moving from $0.12 to $0.22 on the TSX Venture on over 13 million volume over the past two days since this news was released. However, if this settlement is to be believed, RML should have immediately moved to $1.00 or more on 10's of millions of volume.
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But that still leaves a lot left over for Rusoro, well over $1.00 per share worth with 585 million fully diluted shares in the worst case scenario and likely around $2.00 for the Canadian listing RML or $1.50 for RMLFF for a more realistic scenario.
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All things considered, Rusoro is trading at a substantial discount to where it should be after the settlement. RML hit $0.35 on the news of the award in 2016. Now that Venezuela is finally willing to pay for the award, $0.35 should be the minimum starting point and should see greater than $1.00 in reasonably short order upon further clarification of the collection process in our opinion.
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