Gold Reserve Ltd V.GRZ

Well, well, well...

[slappyjo]

This is interesting.  It still appears that Citgo's valuation is around $7 billion and GRZ might be one of the buyers.

On the surface I see good and bad. The good is that we can put our $1.24 billion towards the purchase of Citgo and guarantee we won't be left out if the final bid doesn't leave enough to pay us.

I guess the bad news is that massive dividend check I was expecting since 2012 might not come since we won't receive any actual cash.

But, if GRZ does bid and we are outbid, that should increase the chance of receiving our award.

This is getting fun.  We just need to US Department of Treasury and the White House to not get in the way.

Venezuela Creditors Seek JPMorgan Help for $7 Billion Citgo Bid

[slappyjo]

My previous post had the wrong link. Link below gives you the whole article. Venezuela Creditors Seek JPMorgan Help for $7 Billion Citgo Bid

[RIDER1975]

Any creditor, who manage to be part of the consortiium,  may increase the value of its claim by 50-100 %. , if 7-8 bn was the final  value. GRZ -s maket cap migjt quadriple from the present level, at least.

[helpful1]

How do you figure that? Explain in detail how you arrived at those conclusions.I bought more shares lately & already up $1 /per share. Something big is definitely cooking ! There is election July 28th maybe even overturn a dictor called Mundro.

[RIDER1975]

Based on the profit numbers of CITGO from the previous years, this range of price would be a huge bargain. So if GRZ or RML could get their claim proportionally as share of the company, 2-3 fold of its annual FCF, plus they get a leverage by  using additional loans, thus the value they get may easily be much more then their initial claims. I have already sold out all my GRZ holding previously