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 COREDIGGERon Aug 26, 2011 8:12am

122 Views

Post# 18981478

RE: RE: RE: RE: RE: RE: RE: RE: RE: Hmmm ... Rusor

No, I don't think you get it. Rusoro does have a choice. They can say no we're not agreeing to it because it's our property ... and then they have the option to go to arbitration.

And you are wrong. The law is not passed. Chavez made the degree, it has to go through the Senate and then once it's published in the Gazette it becomes law. Why would a news release come right away if it's still not officially law?

And if entails additional good news ... why would they announce anything until a deal is finalized. If you were a company operating in the US ... would you announce a merger before terms of an agreement were finalized? I don't think so.

Quoting Monte Python??? Grow up.

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