Post by
Hopeful123 on Feb 28, 2024 7:12pm
Citgo.
Are the bids looking good to cover our claim...any feedback please.
Comment by
slappyjo on Feb 29, 2024 7:37am
We don't know what the bids are - only that they've been "disappointing". The Special Master said he is looking for ways to increase the interest in Citgo.
Comment by
Hopeful123 on Feb 29, 2024 8:36am
Hopefully we can see 10 bln....will they wait for better bids if they are low like 6 bln.
Comment by
RIDER1975 on Feb 29, 2024 1:27pm
We dont know whether the number of interested bidders or the bidding price is disappointing. I doubt 10 bn would be deemed as disappointing. Wishfully 7-8 bn... close call for us, thats sure.
Comment by
Hopeful123 on Mar 01, 2024 7:20am
I believe 8 bln should cover us fully..
Comment by
slappyjo on Mar 01, 2024 7:29am
$8 billion would easily cover us. In my opinion, $8 billion is not "disappointing". That's only a few billion below Citgo's valuation at the lower end. $4 or $5 billion would be considered a"disappointing" number which is troubling.
Comment by
RIDER1975 on Mar 01, 2024 12:38pm
5 bn would be the best offer we should jitter for RML to be one, with a leveraged buy. With such a huge discount they could make another fortune again. In only a few years max
Comment by
Hopeful123 on Mar 02, 2024 3:40am
Will a deal for 5 bln be approved.
Comment by
RIDER1975 on Mar 02, 2024 4:35pm
We dknt know.. i have just hinted to the fact, that RML might have the mean even to double the value of ifs claim in the medium term. Helpful, I do have an impression, that you desparsately try to get some solid reassuring cettainty. No, you wont get any. Risk and uncertainty remains till almost the final decision and permissions (from OFAC). Sorry, thats the way it goes.