Rusoro Mining Ltd V.RML

Nice drop to a ...

[Rockafellow2]

Dollar.
I'm out at $1.20.... 6 bagger.
I'll be back in at a buck.
I don't think the auction will go well as bidding does not exceed 6 billion US.
Jmo

[GoldenOrb]

Out @  5 1/2 bagger, SO much manipulation as I believe these so-called bidders are in cahoots & many here are playing both sides of the trade.  Does have a way of tainting the PPS & many posts.  Ill admit I was far off my expectations of Citgo's bid value, oh well I made a very good return!

[RIDER1975]

Come on... you dont think seriously thst the bid would be too loe, otherwise  you wouldnt plan to get back at 1...

[Rockafellow2]

I've seen it happen before and took advantage of it dropping to make more money. Meantime I've bought another 3 bagger waiting for action so I've got some time to wheel and deal. Imo

[RIDER1975]

Hi Rocka, may I ask what is your other play for possible 3 bagger? Br

[gerrybrian]

I asked Gorden Keep last year and he stated that we were #4 That shouldnt have changed or am i missing something??

[Hopeful123]

Believe we are number 9

[gerrybrian]

Does anyone know for sure??Ok just a guess

[gltainv]

I believe we were 6th, but I am unsure, it still has the chance to go to 3 times the amount imo, or just under

[roberto146]

Rusoro is #7, as of Feb 9/24 Special Master's Priority Order. 1 Crystallex Corporation 17-mc-00151 680 8/14/2017 2 Tidewater Caribe S.A., Tidewater Investment SRL. 19-mc-00079 684 11/15/2019 3 Phillips Petroleum Company Venezuela Limited and ConocoPhillips Petrozuata B.V. 4 OI European Group B.V. 19-mc-00290 657 02/19/2021 4 Huntington Ingalls Incorporated 20-mc-00257 661 02/19/2021

[Hopeful123]

So that means the minimum needed is 6 bln to cover claim.

[roberto146]

Hopeful, just the first 3 claims total about $13 Billion. Crystallex, Tidewater, Conoco/Phillips. The next 4 including Rusoro make the total maybe $16.5 Billion, with Rusoro last of the 7. The total claims are about $21.3 Billion at last known tally. There are discussions about using claim dollars to purchase (i.e. less, or no cash in the bid) with the winner responsible for paying other claimants

[slappyjo]

COP's largest claim - $11B - is at the back of the line. They have two others cases at the front.

[Hopeful123]

Roberto that 11 bln is way down the list..

[roberto146]

Hopeful, the "$11 Billion", Phillips/Conoco is 3rd on the list. #1 Crystallex is $990MM, #2 Tidewater is some smaller amount (included in Other), #3 is Phillips/Conoco, $11.8 Billion.

[gltainv]

They are not third at that amount I think they have a smaller claim, they didn't magically leapfrog to the head of the queue. dont spread misinformation 

[the_ocotillo]

To buttress that point, from Rusoro's homepage, "Rusoro is seventh in order of priority behind approximately US$3.6 billion in claims from other claimants, plus US$1.95 billion in PDVSA 2020 bonds".

[roberto146]

From the Rusoro homepage: "Although the Delaware Court has not issued a final determination on the relative priority of the various judgments, based on the guidelines set forth by the Delaware Court on July 27, 2023, Rusoro is seventh in order of priority behind approximately US$3.6 billion in claims from other claimants, plus US$1.95 billion in PDVSA 2020 bonds." ... Now see the Court

[the_ocotillo]

Yes, Conoco is third. $1.33B claim. Two others Conoco claims after Rusoro.

[roberto146]

Hopefully this last is the last priority list - and all the arguments, appeals, and shuffling are over. Waiting for the buyer, and the bucks.

[roberto146]

Conoco/Phillips is $11.85B. Their priority is #3. Priority is not determined by the amount; it is determined by date of submission and other factors. Here is the court document, priorities appear about 2/3 way down, or just search for 'priority'. ... Case 1:17-mc-00151-LPS Document 994-2 Filed 02/29/24 Page 1 of 10 PageID #: 27287 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT

[gltainv]

I think 6 covers Rusoro and their 1.4 ish billion