RE:RE:RE:New Press Release - Gold Reserve Announces It Has Engaged Advisors to Arrange for Potential Financing in Connection With Its Previous Announced Potential Bid in Relation to the Sale of the Shares of PDV Holdings, Inc., Under the Delaware ProceedingsTwo problems. One. Venezuela can't be trusted. They are lying scammers.
Two, I don't think VZ can own any assets in America. There are $20 billion in judgments and we'd be lucky if the Citgo sale pays for half of that.
If VZ continues to own assets in America, other creditors who didn't receive anything should be able to go after those assets. It's already been litigated.
Maybe a third. Siembra Minera will take 5 years and billions of dollars to build. No one wants to do business there, especially with Maduro there. I believe SM was a colossal lie put in place to delay (successfully) any legal action. It essentially nullilfied the ICSID case and here we are many years later still waiting.
GRZ management (at least before the new guy) said they have no interest in mining in Venzuela anymore. They want just the settlement.