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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 helpful1on Jun 23, 2024 1:54pm
119 Views
Post# 36102333

RE:A READ !

RE:A READ !There are 13 Creditors that were allowed to bid. Gold Reserve is the 4th largest owed 1024.9 million or $1.0249 Billion & along with the private placement announced June 9. Well, they submitted a bid at 11th hour accepted by the courts & could be well on their way to winning the bid. The only thing I am pondering is if there were other bids why were they not disclosed. Research shows me GRZ & FJ Management were the only companies to submit an 11th hour bid which means they could well obtain the winning bid.If, they buy Citgo Petroleum (valued at $13 Billion for say $9 billion .The market would have to revalue Gold Reserve stock price. This could be a 40% upside in my opinion. Buying opportunity for sure is the reason I added to my position MAY 29TH. 
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