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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
Comment by bigguy6on Feb 27, 2011 5:40pm
227 Views
Post# 18202199

RE: RE: Don't Underestimate The Russians

RE: RE: Don't Underestimate The Russians

WTF....are you really as naïve …not to mention passive/aggressive…as you sound in your post?  Shame...because you started out so well with your reply of  "You are probably right..". 

Still trying to figure out what your angle is on RML board.  I don’t even look at half the boards I own stock in…much less post on stuff I have no interest in…so always wonder about characters such as yourself...as you’re clearly not a shareholder…and as it’s pretty difficult to short a stock under $1… not to mention pretty stupid in this case with RML…so my best guess is you’re simply a disgruntled KRY investor that’s here to bash the play that you figure stands a good chance to be the next in line for LC assets.

 

Think my motivations and post are pretty clear, and as I did qualify…

 

“…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.  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:)”

 

And…while we’re on the topic of ‘follow the money’… let’s post last few months RML insider buying by Andre ….and yes WTF…that last recent buy of his was on Jan 20, 2011 for 5,332,500 shares at 36 cents …and let me do the math for you…that’s $1,919,700  ….which happened to be just 2 wks before KRY concessions were pulled.  Hmmmm???  Wonder what Andre thinks RML prospects are??? ….and if he’s worried about financing???  Bl**dy hell…based on his insider buying …guessing Andres could likely open his wallet and finance the whole show himself. 

 

Recent RML Insider Activity:

 

“Jan 20/11 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.360 5,332,500 8% 71,700,667

Dec 10/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.300 - 0.325 150,000 0% 66,368,167

Dec 09/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.265 - 0.280 150,000 0% 66,218,167

Dec 08/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.264 - 0.265 150,000 0% 66,068,167

Nov 05/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.280 500 0% 65,918,167

Nov 04/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.280 6,500 0% 65,917,667

Oct 25/10 Agapov, Andre Vladimir Direct Ownership Public market buy Common Shares 0.240 100,000 0% 65,911,167”

 

Now let’s throw couple other factors into the mix….such as;

-         a Book Value of $1.26

-         REALLY BULLISH Charts...with great support at 38 cents and tiny resisitance at 41 and 44 cents..then it's free and clear sailing ahead:)

-         gold being gold

-         good relationship with Chavez, not to mention an existing joint venture partnership

-         and several other potential catalysts….including good possibility we could get a crack at LC assets...yada yada...

 

 ….yeah, risk reward profile on this play is looking very good indeed to me!!!

 

And for those that don’t agree…or have different risk tolerances…like perhaps you WTF…simple…don’t invest.    

To all others....happy investing and GLTA longs! 

Bullboard Posts