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 Jan 05, 2024 9:46am
117 Views
Post# 35812167

RE:RE:RE:Sale will go forward.

RE:RE:RE:Sale will go forward.VERY interesting question. I haven't spoken (yet) with the company about it. Here's my take based on what seems to me to make sense. First, I really doubt Crystallex (or Venezuela) would do this. Crystallex is essentially guaranteed to get the full amount soon enough. So I can't imagine they would ever settle for less than the full amount and I can't imagine the Venezuelan government (so driven by pride as they are) would ever settle for more than some heavily discounted amount. Second, if the owners of Crystallex plan to keep doing business after all this, well, they have to know that they would be hated by many powerful business interests. People would simply not trust them in the future. On that alone I suspect they will be fine to wait a little bit longer. Even if they did come to a settlement it is not even clear that they would actually get paid sooner because it would still depend on IFAC granting a licence. Not impossible that it would actually slow that down. Finally, if Crystallex did settle, I suspect a new--and just as effective action--would quickly rise from the ashes. My guess is the "Additional Judgment Creditors" (including Gold Reserve) would act jointly. This would surely cost some time--which would be really annoying. But the pieces to make it a winning case are already in place.
<< Previous
Bullboard Posts
Next >>