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.

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Comment by mrmoribundon Jan 18, 2024 11:20am

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Post# 35833660

RE:RE:RE:RE:Question

If I understand the issue correctly then I would think any bidder for Citgo would want the issue resolved before making a final bid. I believe the bond issue adds up to about $3 billion.

I suspect the $13 billion estimate of Citgo's value includes that $3 billion debt. So if the bonds were void then Citgo should be worth $16 billion.

Or, if the 2020 bond was assumed to be invalid then a court determination that they were valid would make Citgo worth $10 billion. But I suspect the former is the case.

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