RE:Venezuela NEEDS GOLD ...bottom line Jimpro63 wrote: Venezuela WENT TO Rusoro with the $ 1.28 BILLION U.S Dollar Settlement Offer...
Venezuela agrees to pay Rusoro over US$1.28 billion to acquire the Company's mining data and for full release of the arbitral award (the "Award")
AND on top of that :
In addition, it is contemplated that the parties will constitute a Mixed Commission to assess the current status of Rusoro's Choco 10 and San Rafael - El Placer former projects and on the basis of such assessments may by the end of January 2019 partner to exploit those projects.
Rusoro expects to sign the formal settlement agreement shortly
I would expect that Rusoro would not release the full mining data OR Release Venezuela from the Arbitral Award .... UNTIL they receive payment in FULL....Would you ???
Exactly my thoughts. RML has been dealing whit them for so long that they know they need to careful and take appropriate precautions. One would also think they want a large % of the award at the same time as the signing to let VZ show their willingness and commitment towards the settlement.