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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

Gold Reserve Ltd > Weak bids in Citgo auction spurs Venezuela to pitch alternat
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Post by slappyjo on Mar 14, 2024 10:05am

Weak bids in Citgo auction spurs Venezuela to pitch alternat

Comment by Hopeful123 on Mar 14, 2024 10:37am
7 bln will cover the first 14 creditors...RmL and Grz included I believe...can u confirm. 
Comment by slappyjo on Mar 14, 2024 10:58am
Not so sure.  GRZ previously needed about $6.7B to be fully covered but within the past few days, Crystallex and GRZ both updated their interest claims adding an additional approximately $800 million to the pool.  Others in front of the line probably did as well.  In fact, each day the claims are not paid adds even more. More troubling, though, might be scrapping the Citgo sale as ...more  
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