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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 slappyjoon Jan 24, 2024 6:54am
142 Views
Post# 35842348

RE:RE:RE:RUSORO ANNOUNCES FILING NON-BINDING INDICATION OF INTEREST

RE:RE:RE:RUSORO ANNOUNCES FILING NON-BINDING INDICATION OF INTEREST GRZ has said since the original arbitration they'd give the majority of any award to the share holders.  They did exactly that several years ago on the partial payments.

If things play out as expected, the company should net about $750 million from the Crystallex case. It's reasonable for them to hold back, say, $100 million to continue operations (and further arbitration) which leaves $650 million. That translates into about $6.50 USD per share - about double the current share price. It's reasonable to expect that to be delivered to share holders as some sort of dividend or ROC. Beyond that disbursement, we keep our shares.

I bought RML too recently and haven't heard anything from the company as to what they'll do with the proceeds. I seriously doubt they'd give it back to share holders like GRZ.  The stock price has gone up, as expected due to the legal action. It should continue to rise as the stock buyers create demand.

Riding RML's momentum up will turn a nice profit but GRZ is a much more solid investment.
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