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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

Comment by Amadeuson Sep 10, 2023 5:45am
157 Views
Post# 35628092

RE:RE:What next for RML ?

RE:RE:What next for RML ?A thought.  I have no knowledge of the workings and scheduling of the Supreme Court but if VZ were able to get a hearing at a known date, even if it was after the commencement of the auction, would this not deter buyers until a final uncontestable ruling was made.  The best result for buyers and shareholders would of course be a final ruling by the SC declining to set aside the original judgement which would/should give RML the full payment of app C$2B if the assessment of the value of the PDVH shares and our place in the queue is confirmed.
A refusal to hear the case by the SC, now or at any future time, should have similar results.
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