Gold Reserve Ltd V.GRZ

BIG/HUGE Gamble

[settoretire]

This bid looks good on paper, but this could end up biting us in the a**. I'm optimistic, but guarded.
Going to be exciting going forward though, regardless of the $ amount. GLTA

[investorbiggie]

Serious question: what's the downside? Worst case scenario: GRZ ends up owning a chunk of CITGO, which is a successful company with substantial earnings.

[RIDER1975]

Whats more, they will buy it with a huge bargain.

[slappyjo]

With $7 billion in announced financing added to our $1-plus billion in credit, it looks like our bid is somewhere around $8 billion.  If we win, we'll own about 12% of Citgo. Not bad at all. Remember, a more realistic valuation of Citgo is $13 billion. If we are outbid, we should get our full award. Both scenarios are based on the US government not coming in and effing it up.

[helpful1]

So,if this is how it plays out GRZ will be worth alot,So,what your saying GRZ & FJ Management collectively own 12% of Citgo or $1.56B + we are entitld to our $1.1B award. I figure GRZ still has legs to go higher if we win the bid.The bidding is now CLOSED is that correct?  If this 11th hour bid is successful we should thank Paul Rivett executive vice chairman of Gold Reserve getting

[Felix000]

July 15th, assuming US gov't doesn't block it.

[helpful1]

Judge appointed to CITGO AUCTION has decided things have dragged out far too long as it is. Perhaps , we see the winning bid announcement as soon as July 15th. Venezula election is July 28th & I hope Munduro is voted out. Clears the way for Gold Reserve.

[investorbiggie]

We will not get 12% of CITGO + our $1.1 billion dollar award. If we win the bid for CITGO, then we will use the award credit to pay for it. So, if we win the bid, we get a chunk of CITGO. If we are outbid, then we get our award. But we do not get both.

[helpful1]

We basically bought a large refinery CITGO at 60% of its $13B Value. This is a win win for Gold Reserve.Their earings were $2 Billion last year alone. Exciting times for sure.I think this was a very smart buy if we win the bid.I predict our stock could end up being worth $13.00  Canadian if things play out positively for us.I think either Gold Reserve entered a bid to support the proper bid

[Hopeful123]

Where do we trade from now til July 15...I am looking to acquire some...do you see a chance of getting some at 5.50...I already bot some Rusoro last week.

[helpful1]

Forget RML Rusoro & focus on buying GRZ like I did on MAY 29TH solely on the announcement of seeking a private placement was my reason to buying more GRZ. Either way slam dunk for GRZ stock go up after the bid actually presented I feel more confident than ever.I read Murduro wants a $10 B bid for Citgo & a possible third round of bidding .The bids are confidential so we will not know until

[slappyjo]

RML is quite a bit ahead of GRZ on the list of payees.  Even a tiny winning bid for Citgo would almost surely guarantee RML gets their full award. GRZ is on the edge and would need around a $7 billion bid to get its full award.  The 2020 bonds could cause us a problem as those are valued at around $2 billion.   As far as Venezuela wanting a third round of bids and hoping for

[Hopeful123]

The 2020 bonds comes after GRZ.

[slappyjo]

Show us where it says that, please.

[Hopeful123]

Separate claim I believe and not related to this situation. 

[helpful1]

No ! Maybe $6.00 if you are lucky .I bought MAY 29TH when still S.P was low.Fair value now $8.80

[Hopeful123]

Is fair value 8.80 US.

[helpful1]

$$8.07 FAIR VALUE. GRZ seems to go up everyday.

[helpful1]

If we were to end up owing a % of Citgo our earning & market cap of Gold Reserve goes way up & market would rerate our stock much higher so either way it plays out on July 15th we will do o.k.You surely can see the two possible scernios. Win Win either way. Stock is still way undervalued but detined to go up in 33 days from now.

[RIDER1975]

Only US gov can screw the whole concept up