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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company. The Company is engaged in the acquisition, exploration, development, and operation of gold mineral properties.


TSXV:RML - Post by User

Bullboard Posts
Comment by PCR1917on Oct 25, 2018 10:02am
93 Views
Post# 28870647

RE:RE:RE:RE:CHEQUE Please

RE:RE:RE:RE:CHEQUE PleaseVZ was first supposed to pay GRZ with 4-5 big payments over a few months only. I think they realized it was not realistic and needed to have the joint venture with GRZ operational to be able to pay. VZ could have also taken the datas from GRZ and stopped paying them, but they did not. So, it seems that VZ needed their partner's expertise to run the mine. Other thing, VZ lost their appeal in Paris against GRZ. Regarding RML, it seems VZ learned from their experience with GRZ. They came with a more realistic timeline and amounts for the payments. I think if the first payment is indeed received in full in November it will mean a lot. I don't think VZ could just take the mining datas and run from their court obligations. The thing is that VZ needs the cash from their legit business in the USA, citgo, and they don't want it to be seized, since it would be the beginning of the end for them.
Bullboard Posts