Gold Reserve Ltd V.GRZ

Keep the cat in the bag.

[ugluuak]

I would not say that that there women was fat or overweight or anything like that but when she walked away from me, her caboose looked like a bag of cats fighting .

Gold Reserve could play out a bid to win CITGO with others and in turn get Venezuela to buy it back  in time with an exchange of leveraged permits and allowances against Siembre Minera for share ownership of CITGO their lost asset used to pay down confiscated enterprises of court ordered debts.

Now there is justice at work.

Gold reserve is a gold mining company done wrong so much wrong by Venezuela.

Venezuela needs an unemcumbered destination to maximize on oil exports for the long run and Citgo is designed and engineered to take on Venezuela heavy oil.

[helpful1]

I just posted larging to support your thoughts in 2nd paragraph. Grz is ensuring things play out in their favour. It is by no small chance they woulld do a private placement of this size. For what purpose you say? Well they are teaming up with a partner for a joint bid at the 9th hour & look OH the money from the P.P. to support a credit facility arrives just in time before June 11th

[Hopeful123]

Could Fairfax be involved..

[helpful1]

No My guess is it is an oil company. Likely one that has vested interest in Venezula.

[slappyjo]

Conoco just bought Marathon this week. 

[Felix000]

Anyone know if any of the other big creditors in this case are suddenly raising money?

[helpful1]

No, Not that I am aware of so ask yourself why would Gold Reserve line up that large amount $65 Million as a private placement ?  I take is they may be doing a joint bid for CITGO Why? Likely for leverage for their Siembra Minera Mine also to ensure bid is high enough so all creditors all get paid. If other bids are too low GRZ could essentially bump the bid up not only to satify end result

[Felix000]

Bids arr due on June 6th, but I don't think the result is announced until July.

[helpful1]

conoco Phillips ticker cop-n also has claims & is one of the creditors too. I figure an oil company is doing a joint bid for CITGO or why else the private placement raise  !!!!!

[ugluuak]

Yes it could be the same MODUS OPERANDI for Connoco Phillips to be in part with Gold Reserve. Interested parties to get their expropriated entities rebooted so to speak using CITGO as a bargaining tool in some hellish relationship with the Communistic mentality of Venezuela. I would still like to see the Venezuela Opposition as a part of this approach, perhaps a third party involved.