RE:RUSORO ANNOUNCES FILING NON-BINDING INDICATION OF INTEREST This has much to do with why I'm much more comfortable owning GRZ than Rusoro--even though Rusoro appears to have more per share % upside on the completion of this process.
With GRZ I'm comfortable the proceeds will be for the benefit of shareholders.
With Rusoro I suspect the proceeds will be for the aggrandizement of Agapov's ego. While there will suddenly be much cash on the balance sheet I'm not at all sure that it won't all be used on some dumb empire-building acquisition. And shareholders will have zero say in the matter.