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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 mrmoribundon Jan 28, 2024 12:14pm
95 Views
Post# 35849260

RE:Full Glass of Water !

RE:Full Glass of Water !You probably have it backwards. The value of their 45% of Siembra Minera--huge value--is in the mine property itself. So it's not like the wealth isn't there.

But if the Venezuelan government just continues stalling indefinitely--or worse, actually starts taking steps to build the mine without GRZ participation (if that were even possible)--then the GRZ board's fiduciary duty would effectively REQUIRE the company to move forward with a new ICSID case.

I admit it may seem like Venezuela is simply going to sit and do nothing on the mine FOREVER. My answer? Maduro will not be in charge forever and Venezuela has a huge financial incentive to let the mine ultimately move forward under terms that can actually make it happen.
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