Gold Reserve Ltd V.GRZ

Buzz on the Bullboards: Quarterly reports and company mergers

[mrmoribund]

People should look closely at this. I think it's probably more important than the Reuters article of the same day. https://www.courtlistener.com/docket/6169439/1754/crystallex-international

[ugluuak]

The PDVSA Bonds held by certain creditors may have no binding recourse realtive to their hold on the PDV asset Citgo as currently recognised by the US government / courts. The OFAC may need or want to

[investorbiggie]

So far in 2025, CAMAC has bought 1,333,486 shares of Gold Reserve -- most recently 80,021 shares on Monday, May 19. Source: https://www.5iresearch.ca/company/tsx-v/GRZ

[mrmoribund]

The article isn't too bad except that the last section ("Bad Timing?") is way off the mark. While Citgo did indeed have a so-so Q1, the 3-2-1 crack spread has expanded very nicely to

[mrmoribund]

I have no doubt the Special Master will try to weasel things around so that a lower bid wins or gifts to the 2020 bondholders count in the final tally. And I'm sure we haven't seen the last

[ugluuak]

https://www.reuters.com/business/energy/list-bidders-citgo-auction-narrows-remaining-groups-sweeten-terms-2025-05-21/

[mrmoribund]

From the BBC. Not clear yet if Gold Reserve will need the Portugal case but if they were to need it then it's probably good that the Socialist party did not do well. I don't know if the

[mrmoribund]

No word of any topping bid. Now 8 days to go. Google "AI Overview" response to "US oil refining capacity shortage": The United States is facing a looming shortage of oil

[Jonathon Brown]

This week also marks the heart of quarterly earnings season, when companies disclose their financial and operational performance. read article.

[mrmoribund]

The refining market certainly is cooperating. 3-2-1 crack spread over $28 this morning. Last June GRZ submitted an $8.8 billion bid with CVR Energy and the refining market was nowhere near as strong

[mrmoribund]

The $7 billion just-launched arbitration? It looks like a very strong case. I'm sure the arbitrators are not going to be too pleased with Venezuela when they learn that Maduro had Gold Reserve

[mrmoribund]

Nice to see Valero, Marathon Petroleum, PBF Energy all up over 6% this morning. Very hard for a cumbersome court process to time the market. This is just happening to (possibly) turn out well in terms

[mrmoribund]

The Portugal 1.4 billion euros are frozen and so they're available to go after. But the process clearly involves complications such that GRZ does not feel comfortable trying to explain how it

[RIDER1975]

Great arguments. I totally.missed this aspect 

[RIDER1975]

Hi mrm, thanks for your thoutghts! Could you help me what we can know abouz the Portugal bank account seizure process? How advance is that , do we compete with others? And of favourable decision

[the_ocotillo]

So I wouldn't trust anything I post but CITGO really shouldn't have much debt on the balance sheet. They paid off $1.2B in debt in FEB 2025 and their $500m accounts receivable securitization