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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 Dec 02, 2024 12:13pm
91 Views
Post# 36340924

RE:Credit bid game is on

RE:Credit bid game is onI am in agreement with you.Dec 6th is next date of concern when Judge Leonard Stark makes his ruling hopfully to open the data room. Thereby those bidders know exactly what Citgo is worth. Higher bids are coming & yes top up bids are minimum of $100M higher than the previous. I am looking for $9B to be winning bid amount. This bidder protection of $365m & $100M for Gold Reserve .Are you referring to what is Break Fee? Where say GRZ Gets to keep $100 M if they lose the overall bidding process?I think Gold Reserve intends to be paid in full which means $10/share. This process has taken entirely too long & should be over in 2025.
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