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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

Post by ugluuakon Apr 02, 2024 12:21pm
122 Views
Post# 35965377

Possibility ?

Possibility ?The US could still do a deal with Venezuela where Venezuela maintains some ownership of CITGO and the US does a strategic deal for longer term "guarantees" on oil supply.
Complicated and very political yes but still a possibility as there is a stronger long term interest to have this asset still tied to Venezuelan oil supply.
Payout to creditors ( re the auction) still in play with some agreed to valuation between the US and Venezuela.
If the bid values maintain a lower valuation than what is generally considered fair market this may become an option.


https://oilprice.com/Energy/Energy-General/Over-20-of-the-Worlds-Oil-Refining-Capacity-Is-at-Risk-of-Closure.html
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