Rusoro Mining Ltd V.RML

Share outstanding

[Hopeful123]

Hearing we are close to a billion with all warrants etc..If the award is paid at 1.4 bln .Shareholders may only get a dollar after taxes and legal fees. Can anyone shed some light on this .

[slappyjo]

Has the company even said what they plan to do with any award money?  They aren't required to distribute it.

[Hopeful123]

Really. 

[SilverSam]

Don't expect RML to close up shop.  They'll be looking for other investment opportunities for the money they receive. After all, they have paycheques and a livelihood to protect.  I try to go by the old saying:  "buy on the rumour, sell on the news."

[Hopeful123]

With so many shares outstanding and income tax plus legal fees we might only see 90 cts to a dollar.Believe shares plus warrants etc is about 1 bln.

[CAinPlap]

A distribution would be in the form of a dividend which is taxed at higher rates than capital gains. Better off to sell shares and realize a capital gain than wait for a dividend.

[Hopeful123]

Do we know how many share outstanding and what the distribution might look like...maybe 1 dollar  ,so better to  sell at 75 cts.

[astonbay]

Hi Hopeful, please look at the calculation SixBottles made https://ceo.ca/rml?4c63e58fc232 Rusoro will have around 650 million shares once you include options and warrants. Definitely not 1 billion. I think $1.5/share is most likely. 

[Hopeful123]

Thank you very much...

[CAinPlap]

Funny you should mention that. I will buy your shares at .75.

[RIDER1975]

If I were them, i mean the owner-management in full control, I wouldnt distribute the award. Some expressed their anger at me, and said I am bashing the share (whatever it means) only for asking relevant questions, and identifiing or revealing risk factors. Well among may others, even close to the end of the road, is the one: what percentage of the award would be within reach for ordinary small

[astonbay]

Hi Rider, I understand your concern but the CEO and directors own over 100 million shares together. If they want to get paid, they will have to distribute the award. I don't see Rusoro investing in a mine again as they simply do not have the right personnel anymore. It's a team of lawyers haha  I think we should hear an update about the auction and the companies involved by January