Bullboard - Stock Discussion Forum Gold Reserve Ltd V.GRZ

Alternate Symbol(s): GDRZF

Metals & Mining Gold

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

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TSXV:GRZ - Post Discussion

Gold Reserve Ltd > GRZ

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Post by Hopeful123 on Feb 21, 2024 9:17am

GRZ

So with Camac buying the belief is that they enjoy the same rights as RML . The difference is RML is one ahead.

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Comment by slappyjo on Feb 21, 2024 10:06am

GRZ is guaranteeing a payout. RML is guaranteeing nothing. Camac has 16 million shares and they are still buying. Pay attention to what Big Money does. There is about $5 billion in payouts ahead of GRZ so if the Citgo sale goes through, it would only need to net $6.5 billion - half its estimated worth. If people think there won't be enough money to pay GRZ, they should be ...more

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Comment by slappyjo on Feb 21, 2024 10:32am

After checking the Creditor order and amounts each is due, to pay off RML fully, Citgo would have to sell for at about $5.1B USD. To pay GRZ fully, it's about $6.7B USD.

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Comment by RIDER1975 on Feb 21, 2024 11:13am

Many thanksm almost the same.

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Comment by helpful1 on Feb 21, 2024 3:23pm

Citgo balance sheet is very healthy the last 3 years. I see Gold Reserve getting full payment .Like $10 USD or more.I would like to know how Slappyjo arrived at these numbers when he has no idea how those auction numbers come in. I figure June we may hear something. Tell me staus of status of special master dilverance.Then we shall do the math.

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Comment by RIDER1975 on Feb 21, 2024 3:36pm

Slappy only checked the public info of the prior list, and the sum of awards before RML and GRZ. A remembered differently, I thought there are some others on the prior list between them. Honestly I didnt have the balls to endure till summer, so I have cut my position in both. At least I hold some till the finish.

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Comment by slappyjo on Feb 21, 2024 4:11pm

Correct. There are TWO creditors between RML and GRZ who are owed about $500 million in total.

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Comment by Hopeful123 on Feb 21, 2024 4:21pm

So if Citgo is worth 10 to 12 bln minimum it should more than cover GRZ and Rusoro..

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Comment by Hopeful123 on Feb 21, 2024 3:40pm

Why on the US side we are seeing 10 mln shares offered at 3.12...USD...Why would anyone sell 10 % of company at 3.12 when we could see 8 to 10 USD...This is very important for shareholders and someone mentioned to me that GRZ IR person has no knowledge of this...Are they hiding this or is someone putting up a fake offer or is there a huge cross coming at these levels...Please check and respond if ...more

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Gold Reserve Ltd