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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 Feb 22, 2024 6:37am
80 Views
Post# 35892618

RE:RE:RE:Someone says 5 bln bid so far.

RE:RE:RE:Someone says 5 bln bid so far.Because any potential bidder for Citgo knows there will probably be future litigation.  The 2020 PDVSA bondholders, for example, will probably sue. That will be years of litigation and, perhaps, having to pay an amount equal to 50.5% of the value of Citgo if the bond holders win. I don't necessarily think they'll win but no bidder wants to deal with that time and those costs.
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