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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 Goldendreamon Mar 28, 2012 11:25am
119 Views
Post# 19727766

RE: RE: Article worth a re-read

RE: RE: Article worth a re-read

                                                 I hear you (shiftman).  Indeed, there is a ( Ying ) and ( Yang ) element to this whole situation as they say. It is good to be aware of all view points.  I would only at this time point to the RML SP at this time, it has not completely collapsed!  Investors are nervous, and very much not sure of what the final outcome will be for RML, KYR and others. However, I must point out that  RML was mentioned specifically in the article in a favorable manner.  I have noted in past post that " USB Securities" on two occassions in the last week or so have bought large numbers of  RML Stock,  250,000 shares just the other day and 750,000 shares one day about a week ago.  I note, also the ( Level 2 ) selling  shows optomisim the SP will rise considerably from where it is now.  Yes, once again there is reason for concern over this situation but  the facts as they stand right now as I am writing this peice say that RML is still very much in the game and there  has been a firm SP established around .08, there of course may be some flux. There has not at this time been a ( Decree ) issued but again, that has NOT STOPPED NEGOTIATIONS from taking place. 

                                                If it was Venuzuela's intention to simply take over the assets of these various companies and snub it's nose at the World Court and everybody else for that matter. It would have done so and there would be NO TALK OF NEGOTIATIONS AT ALL.  RML would have went strait to arbitration by now and a press release would have been made saying so, NOTHING LIKE THIS HAS OCCURED. 

                                                 The article I have posted came out a full 7 DAYS after the March 14, 2012 expiry of the 90 day extention on negotiations.  I might add that this article with it's interview with the Oil and Mines Minister Ramirez  may be put out in lieu of a Decree extention.  Minister Ramirez stated that an anouncement would be made SHORTLY concerning J/V's with a number of small mining companies. Let us take him at his word and hope will here some positive news very soon now. 

 

 

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