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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

Comment by Amadeuson Jun 12, 2023 11:28am
241 Views
Post# 35491572

RE:OFAC

RE:OFAC
Yes, it seems that OFAC is awaiting the correct procedure to implement the sale of the PDVH shares as legally authorised by the US court. The US government is strongly opposed to the Maduro administration and OFAC, who no doubt operate with correctness and integrity, are still an office of the US government and would be conscious of the political aspects of their position.
Additionally, Maduro has been in Saudi Arabia very recently for high level talks despite US pressure on SA not to allow this. This must have further widened the US/VZ gulf.
The agreed award to RML is 20 times the current mcap. The chances of some level of success from a positive OFAC action must be 2/1 on.   Figure the odds.









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