Gold Reserve Ltd V.GRZ

Court Update September 6, 2023, II

[agtavy]

IT IS HEREBY ORDERED that the status conference scheduled for September 8 is RESCHEDULED and will be held at 2 p.m. on September 12 in Courtroom 4B in the J. Caleb Boggs Federal Building in Wilmington, Delaware. (A Status Conference is set for 9/12/2023 at 02:00 PM in Courtroom 4B before Judge Leonard P. Stark) Signed by Judge Leonard P. Stark on 9/6/2023. (apk) (Entered: 09/06/2023)

[helpful1]

So what was the result?  Is Citgo apaetro auction starting on Oct 23rd. Will it be 9 months or 12 Month to conclude? Did you know we are 11th in line for a payout. Crystallex is #1 followed by COP-N who spent lots of money & time in court.Gold Reserve GRZ like others simply attached writ to qualify.Seeing how CITGO is worth $13-15 Billion there is lots of money to around for all the

[slappyjo]

connoco has three judgements.  one is for $10 billion alone

[RIDER1975]

Yes, right, but there is a high chance, that their 10bn claim is not preceding GRZ-s or RML's claim.

[slappyjo]

what do you base the high chance on? the judge will determine that and he hasnt said anything but connoco being at the front off the line

[RIDER1975]

"Conoco first only submitted to court the ICC award (about $2 billion) along with an explanation on partial payments made by PDVSA (about $700 million), which would leave it with a pending balance to cash of about $1.3 billion. Later Conoco also tried to register its $8.5 billion ICSID award, which has NOT been resolved because is under an annulment request by Venezuela." Considering

[slappyjo]

Maybe but that still doesnt mean with their position and clout the judge could move that judgment up. the sales process will take almost a year

[RIDER1975]

Read somewhere that VZ reckon the value much more, north of 30 bn. Considering their 3-4 bn profit last year thats mught be reasonable.