Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

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.

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Rusoro Mining Ltd > Could RML get over 1 $ by Friday ?

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Comment by RIDER1975on Oct 12, 2023 8:37am

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Post# 35680187

RE:RE:Could RML get over 1 $ by Friday ?

An article have been posted here, saying the slae process will start 20th of janiary. 10 fays before will be known the exact ultimate prior list.

Their award is cc 2 mrd CAD (capital plus interests), thus as matket cap is 281m at 49 CAD sp, the full award / share is cc 3.5 CAD, 7 times the sp. They might have several sort of obligations, so a certain part of that migjt remain to the shareholders . The auction process will be accomlished next autumn or summer, but I guess when the aucion begins, more than just a fraction of that will be priced in

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