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Gold Reserve Ltd V.GRZ

Alternate Symbol(s):  GDRZF

Metals & Mining Gold
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

Gold Reserve Ltd > siembra Minera
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Comment by mrmoribundon Jan 12, 2024 9:09pm
114 Views
Post# 35824752

RE:RE:RE:RE:RE:RE:RE:RE:siembra Minera

RE:RE:RE:RE:RE:RE:RE:RE:siembra MineraYou're right that no one wants to get in bed with Venezuela.

At least Venezuela with the current leadership.

If we could somehow know that Maduro would live forever and keep running things forever as badly as he has been running them for the last decade then, at the very least, no western company would ever have reason to buy GRZ.

But things change.

There's a Venezuelan presidential election coming up. We'll see how that goes.

Related thought. Suppose the election comes and--surprise, surprise--Maduro wins. It look like 6 years more of the same.

In that case, after getting the $1.1 billion . . . well there is STILL value in the mine data and plan.

At that point they could start the new ICSID case.

Or . . . maybe sell GRZ to a Chinese company. An entity that can work with Maduro. GRZ surely wouldn't get the kind of value they'd get from selling to a western mining giant (in a Venezuela that would play fair and follow its own laws). But it would be something.
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