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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

Bullboard Posts
Post by bigguy6on Feb 26, 2011 10:36am
275 Views
Post# 18198716

Don't Underestimate The Russians

Don't Underestimate The RussiansI've learned to never underestimate the Russians.  Like the skilled crafty chess players they are ...find they are often several moves ahead of their opponents. 

Recall similar shake-up that UUU went through with the Kazacks year or two back.  Russians expressed interest in UUU....but Nortier and UUU boy's didn't seem overally interested in fully cooperating.....so .....IMHO....suspect Russians may have had a word with Kazacks in which they advised them to shake things up a bit and threaten UUU kazack assets....at which point UUU stock plumments....at which point i enter and take position:)....then Russians ... the 'White Knights' they are....come to UUU's 'rescue' and partners with them....to supposedly get Kazacks off UUU's back.  Then Russkies 'announce' they'd like to take 51% stake in UUU....but of course pay all us shareholders a nice special fat dividend for share sale......thank you very much...and give UUU favoured son status going forward....and all is once again well in UUU land.  Bottom line....Russkies have proven over and over again to be a very savvy crafty bunch....and i'm guessing theres no flies on Andre either:)  

My spec/wishful take on RML labour protesting/lobbying goverment to open gold sales and support mine...is that it may be yet another possible calculated move which would allow Chavez to swoop in as the 'white knight' and 'give in' to 'labours request'....open up gold sales and allow RML to proceed with expansion plans...and employ a bunch more folks ...yada yada.  So....Chavez would look like a hero again as he gives in to labours wishes....and we all know that 'he's a man of the people/labour'....so of course he will support their wishes. 

All this takes time to shake out of course...and you can't seem over eager ...so for appearances ...important for appropriate amt of negoitaion and time to pass...before thay all do the inevitable. 

Again...all just IMHO...and pure spec....but for a dude that likes to 'follow the money'....and that has seen this sort of scenario play out before.....risk reward on this play just makes a lot of sense to me....just as it did with the unholy trinity of UUU, the Kazacks and Russkies....IMHO.

Naturally, the rest of you...well you all have to make up your own minds based on your DD, experiences and risk profile. Moi?...i'm sticking around to see how this plays out:)

Happy investing and GLTA longs!





 

Bullboard Posts