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Bullboard - Stock Discussion Forum 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... see more

TSXV:GRZ - Post Discussion

View:
Post by investorbiggie on Jun 14, 2023 8:05pm

camac

Camac has resumed buying shares on the open market...

2023-06-13 Camac Partners, LLC 1,800
2023-06-09 Camac Partners, LLC 51,100
2023-06-08 Camac Partners, LLC 1,190
2023-05-01 Camac Partners, LLC 7,101

So, 60K shares since May 1.
Comment by Hopeful123 on Jun 15, 2023 8:24pm
The award is 10 USD..
Comment by agtavy on Jun 16, 2023 12:28pm
That's a gross of $10 per share and that is theoretical.  You need to subtract taxes. options holders, CVR owners and the Employee retention bonus plan.  Not sure if the lawyers get anything more than fees directly paid by the company. A portion of any award/lawsuit will be held back to keep the company afloat. I expect a net of $6 per share payout.
Comment by agtavy on Jun 16, 2023 11:22am
They paused for a couple of months. Good to seem them back.
Comment by settoretire on Jun 16, 2023 11:36am
Be careful what you wish for. Camac wrests control from GRZ and big changes will happen. Not for the benefit of the Shareholders.
Comment by investorbiggie on Jun 16, 2023 1:35pm
Camac currently owns alomst 16 million shares, which is 16% of the company. They *are* scooping up shares on the open market, but it's at a rate of about 50,000 per month. At that rate, it would take them over 500 years to get 50% of the company. Even if they don't need 50% to wrest control of the company, I don't think that this is their strategy.
Comment by agtavy on Jun 17, 2023 10:44am
They definitely have something up their sleeve.
Comment by settoretire on Jun 17, 2023 12:46pm
Here's my "theory " for what it is worth. Gold Reserve has a super clean shell in Great Basin Energies. Coveted by many. Carmac wrests control, or combines votes, with current BOD and decides to "sell"  the shell, or sells Grz to Great Basin. A straight up sell of GBEI with the Shareholders getting nothing, or Grz does a rs of an already low float and combines GBEI ...more  
Comment by Hopeful123 on Jun 17, 2023 1:45pm
Hard to see this happen..look at the share ownership..Do you think the large shareholders who have held this for many years and now knowing an award against the asset is at stake at 10 usd plus  45 percent of mine will walk away from this.
Comment by agtavy on Jun 18, 2023 7:48am
Company insiders hold less than 5 million shares total. Camac and Steelhead own an approximate combined 26 million shares. If Camac continues to buy, they'll have to pay an increasing price per shares as sellers are few and far between.  We already see evidence of that over the past 6 months. As far as the mine goes, I don't think anyone realistically believes that will ever happen ...more  
Comment by Hopeful123 on Jun 18, 2023 8:31pm
Is that 6 Cdn or US..
Comment by agtavy on Jun 19, 2023 11:37am
USD
Comment by Hopeful123 on Jun 19, 2023 11:53am
I am loading up ...easy call from here to 5 bucks..
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