Rusoro Mining Ltd V.RML

Beware of auction

[Rockafellow2]

Crystal is first in line $?B  then Conoco $8B which leaves little for rest of creditors. Value of citgo refineries etc between $10B and & $13B at most. 
Courts usually go for the smallest amounts percentage wise and not the full amount which is supposition. Conoco may only be allowed to purchase certificates or paper  not actual cash so perhaps we only get paper certificates not cash.
50 cents a share on Monday would be fair value.
Imo

[CAinPlap]

A previous post claimed RML was 7th in order of priority behind approximately 3.5 billion in other claims so if true, lots of meat on the bone for us hopefully.

[RIDER1975]

As far as I know, Conoco has two awards, with 2-3 bn at the front of the prior list, their 8 bn claim has nt got attachment yet. Even if they got, that shoildnt be prior to RML or GRZ. Moreovet, CITGO s value may be far more, than the previously stated 10-13 bb, as they made 3-4 bn profit only last year.

[GoldenOrb]

CITGO is worth more than the 10 to 13 billion dollar value mentioned in post.  Business Operations/infrastructure on CITGO's level garner a sale price more than 3 to 4Xs earnings.  Maybe 10Xs earning?  Definitely inplace structures & production (in play) are worth much more to the Big Oil companies than 3 to 4 Xs earning I would say. Building cost alone at today's

[Rockafellow2]

The 10 to 13 $B is according to a July post I read that says judge spark valued citco assets no more than the higher value so I am going for that amount not the inflated supposed value. Courts access things lower than expected in general. Only mo! Maybe I will be proved wrong ... Just saying ... 50 cents is a go for now scenario.

[RIDER1975]

Some article mentioned that 10-13 bn value. Buz recently on a court hearing 30-40 bn was mentioned. With their earnings that sounds more plausable. What do you think, when will be knowm the ecact ultimate prior list, that cannot be changed anymore? Oct 23. or in january ?

[Rockafellow2]

I think Gunner on CEO.ca has indicated correctly the recent share value to be equivalent to a 26cent bond that will mature within one year from now at 100% or above $1.50. I don't want to wait a year for 280% increase ... I could be dead by then ...ha, ha ... Justing saying he knows more of the situation than me.

[HarfanddesNeiges]

2 US$ per share would be fair. GLTA

[rupertpupkin]

The creditors who don't yet have a writ of attachment have until April 11th to be included.  https://www.reuters.com/article/citgo-auction-bidding-idUSL1N3BH3BN

[slappyjo]

Yeah, forget what the professional analysts say. Let's believe an anonymous person on the internet with a PC and internet connection.