Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by mrmoribundon Nov 25, 2023 4:59pm
178 Views
Post# 35753019

RE:RE:RE:RE:RE:RE:Order

RE:RE:RE:RE:RE:RE:OrderGRZ has been aware of the award taxation issue for many years and they've had top experts get them totally on top of it. I recall discussing the matter with Doug maybe 5 years ago. From the reference in the GRZ press release to double taxation it sounds like the US and Canada both want a full tax bite at this.

Not a surprise at all. Why wouldn't they both want a full tax bite? And may be that this IRS approach IS on point with regard to the other (US-based) entities going after CITGO.

I'm pretty sure the key thing here is that GRZ is, technically, a Canadian company. Incorporated in Alberta. Previously the Yukon. Doesn't matter that their HQ is in the US. Or that they are in US court.

GRZ will prevail vs. the IRS.

-------------

Now that I think about it, I recall that the question of where GRZ is incorporated came up in the ICSID arbitration so long ago. I think the Venezuelans tried to argue that the Canadian incorporation was just a smokescreen and it was REALLY a US company. Argument didn't work.

GRZ knows all this stuff backwards and forwards.
<< Previous
Bullboard Posts
Next >>