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Gold Reserve Ltd V.GRZ

Alternate Symbol(s):  GDRZF

Gold Reserve Ltd., formerly Gold Reserve Inc., is an exploration stage company. The Company is engaged in the business of acquiring, exploring and developing mining projects. The Company owns certain wholly owned mining claims known as the LMS Gold Project (the LMS Property), together with certain personal property. The LMS Property is situated approximately 20 kilometers (km) north of Delta Junction, and 150 km southeast of Fairbanks, Alaska in the Goodpaster Mining District. The LMS Property, located in Alaska, remains at an early stage of exploration with limited annual on-site activities being conducted by the Company.


TSXV:GRZ - Post by User

Post by mrmoribundon Aug 03, 2023 11:31am
83 Views
Post# 35571257

Rusoro

RusoroThough I think they likely will win I'd be uncomfortable investing in it. Unlike GRZ, Rusoro had to do one of these litigation funding arrangements. Look through their notes and you'll see all sorts of contingency, etc., fees that will have to be paid.

Some of that at GRZ also but, I think, much less. GRZ has done an admirable job of protecting shareholders from runaway dilution.

Rusoro has about 560 million shares outstanding and their win could be over $1 billion. So it could be $2 per share but I'd want to do a close analysis of funder fees, options, warrants, etc., before touching this.
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