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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 Jun 12, 2024 11:59am
129 Views
Post# 36084970

RE:RE:RE:RE:RE:RE:BIG/HUGE Gamble

RE:RE:RE:RE:RE:RE:BIG/HUGE GambleRML is quite a bit ahead of GRZ on the list of payees.  Even a tiny winning bid for Citgo would almost surely guarantee RML gets their full award.

GRZ is on the edge and would need around a $7 billion bid to get its full award.  The 2020 bonds could cause us a problem as those are valued at around $2 billion.  

As far as Venezuela wanting a third round of bids and hoping for $10 billion, I don't really see how that happens.  If the high bid is say, $8 billion in this second (and hopefully final) round, why would someone bid more if they can get it for much less now?  The highest current bids are what the bidders believe it is worth as there is a lot of baggage attached to this purchase.

Judge Starke has been very clear about pushing through this as scheduled.
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