Is Venezuela Involved ?Somehow Venezuela's Opposition Party may be involved.
Can not see how they would access funds allthough they have dibs on that 5-6 Billion in Gold in London vaults. Could be used as collateral.
I bring this up by reason that the final approval on any sale or bid approval would need to come from the US Government.
The US would prefer that Venezuela be involved somehow long term while suffering extensive financial pains shorter term.This tactic would show Venezuelans that Maduro and his REGIME are on the outside of things, in general.
This is solely my view on this.
Gold reserve could be successful in their bid and be favored by having Venezuela involved.
They could use the CITGO ownership to leverage Siembra Minera and give Venezuela a scheduled allowance from CITGO revenue as well as get lower oil import costs. All kinds of shananigans could be envisioned from this CITGO BID.
There is no way a mine in Venezuela could be financed without serious leveraging. A hold on to the LONDON GOLD perhaps.
When we mine 10 billion from Siembra Minera we will exempt the hold on the London Gold.
Soon we may know.