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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.


TSXV:GRZ - Post by User

Gold Reserve Ltd > Cost of GRZ over 25 years
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Comment by slappyjoon Jan 30, 2024 6:34am
106 Views
Post# 35852061

RE:RE:Cost of GRZ over 25 years

RE:RE:Cost of GRZ over 25 yearsConsensus valuation for Citgo is $11 to $13 billion.  A few months ago when I calculated the awards owed to Creditors in front of GRZ, I believe it was under $6 billion.  Interest will continue to accrue until this is finally settled.  

So even if Citgo is sold for a bit more than half its valuation, we should be ok  I don't know where the PDVSA 2020 bond holders fit into this equation nor what they get. I seem to think it's about $1 billion.
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