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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 MAZZMEXon Dec 14, 2018 3:03pm
136 Views
Post# 29117541

RE:I called again...

RE:I called again...You got that one right, When it come to world politics Canada has no balls prefering to ride the good whole American Jock strap for safety...
Golddddd wrote: I spoke to Gord again, Canadian banks are denying the transfer just out of fear, but as per sanctions rule they are allowed to accept the transfer from Venezuela. Gord confirmed this to me. 

If you guys noticed the article of Good year tires few days back, that also clearly says banks are allowed to do the commercial transactions but they are still denying.

So, conclusion here is Venezuela wants to pay but it's just the Canadian banks who are not helping. They are more scared after Huawei CFO arrest. But RML is trying it's best in exploring any possible way out for this situation.
I hope one day Canada takes a stand on it's own without looking at US for permissions all the time.





Bullboard Posts