RE:RE:RE:CitgoThanks Sam. Yes, Rusoro said that we were 7th in the queue behind US$3.5B of claims . If that's correct or near it we shoud be ok provided that this is the way it is finally implemented.
At that time the suggested value of Citgo was app. $13B. I'm not sure where that figure came from but the Elliott $7.2B seems low. Friday's statement does say that there is a 45 day window for higher bids which coud well come. I think Elliott has an $80B war chest at it's disposal so a bidding war could happen.
The news release also puts the full value of the claim at US$1.8B which is 3 times RML's mcap at $1.23, or 2.3 times at the lesser $1.4B claim so still plenty of upside. GLA