Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

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.

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Rusoro Mining Ltd

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Comment by guy369on Dec 15, 2008 11:48am

292 Views

Post# 15646385

RE: RE: RE: RE: Successful offer =

Talked to Tim - the investor relations for GRZ.

This deal probably will not go through!

Said that the low-ball offer was WAY too low.

$5-$7 is more reasonable.

I don't really care - I jumped on it when I saw the news and that we could hit $1.08 today, so I loaded up.

But, GRZ does have $100 million + in the bank
Plus machines, and very good properties.

We shall see what happens.

Good luck everyone

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