Gold Reserve Ltd V.GRZ

Political situation

[Hopeful123]

Would the political situation in Venezuela put a damper in the sale of Citgo.

[helpful1]

I think not. Just look what the market cap is on Citgo & so if it is valued 13-15 Billion.Some one will see the value & pony up. Do not worry as there is light at the end of this tunnel.

[slappyjo]

Citgo is only worth what someone is willing to pay for it and right now that is $7.3 billion, not what you, me or Reuters thinks or wants. The Special Master said it's unlikely there will be higher bids.  That's the reality. 

[mrmoribund]

The Special Master said it's unlikely there will be higher bids?? That's the reality?? No that is not the reality. The Special Master said no such thing. Reuters was claiming to quote some unnamed person who was, allegedly, "close to the auction process." Reuters gives us no idea who this person is, let alone what their interest is in all this. Very good chance this unnamed

[ugluuak]

It is an auction ! As long as the bidders are all validated and their bids become binding there will be bidding movement. These refineries are set up to process Venezuelan oil, a sticky heavy mess. Just like Maduro !

[slappyjo]

OK, you're right.  An anonymous random guy on the internet knows better than the Special Master, Evercore and the insiders providing privileged information to Reuters. Thanks for your post. I feel better now and will double my position.

[Hopeful123]

Do not think we will know the bids til July 2024.