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 > What's the possibility that

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Comment by slappyjoon Jan 16, 2024 6:54am

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Post# 35828377

RE:RE:What's the possibility that

Aston, I believe you are correct. If COF were to buy Citgo, the money would be distributed to the Creditors currently established by the court.

I always thought it would be interesting if COF were to buy Citgo even without being a Creditor. They have the money plus it adds refineries and thousands of gas stations which is what they do.

Add in the fact that they'd get back about $1.5 billion as a Creditor and it could be an attractive deal.

I would guess the FTC would have to approve any deal which is probably true of any US-based company. COF wasn't mentioned as one of the early bidders.

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