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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 Rockafellow2on Apr 01, 2024 10:27pm
98 Views
Post# 35964161

RE:RE:Still waiting for that buck...

RE:RE:Still waiting for that buck...Today's announcement reveals first come first rewarded meaning some creditors will b left with nothing. That doesn't sound good to me while all bidders consider what assets they r bidding for if willing to up their bid. It's a long haul to 21 billion that's worth only 11 billion and the best offer is only 7,2 billion. That's not counting bond holders ... What a miss. I might not buy at a buck now.
Jmo
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