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Bullboard - Stock Discussion Forum Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Metals & Mining Gold
Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces.... see more

TSXV:RML - Post Discussion

Rusoro Mining Ltd > Could RML get over 1 $ by Friday ?
View:
Post by HarfanddesNeiges on Oct 11, 2023 4:09pm

Could RML get over 1 $ by Friday ?

GLTA
Comment by astonbay on Oct 11, 2023 5:29pm
$1+ is very likely within a few weeks. Would be amazing by Friday though! 
Comment by mlndset on Oct 11, 2023 6:11pm
So the court settlement is suppose to be on friday. Does that mean we should know how much RML will recieve? If so that is the major catalyst for the stock. Thats the moment eveyone is waiting for isnt it? Could easily go over a dollar if the settlement is good.  Anyone guesses on how much RML could recieve? 
Comment by m8magic on Oct 11, 2023 7:36pm
if rml gets full award its close to 1.87 CAN  a share...thats a fair ways down the road though
Comment by mlndset on Oct 12, 2023 4:00am
oh ok thanks. I seen an article on inflation.us and they said the settlement would be $3 per share. however im aware they just pump companies. 
Comment by slappyjo on Oct 11, 2023 7:59pm
No. No, no, no.  didn't you read today's court document? auction goes through next summer.
Comment by mlndset on Oct 12, 2023 4:03am
lol no i havent read it yet. thanks 
Comment by RIDER1975 on Oct 12, 2023 8:37am
An article have been posted here, saying the slae process will start 20th of janiary. 10 fays before will be known the exact ultimate prior list. Their award is cc 2 mrd CAD (capital plus interests), thus as matket cap is 281m  at 49 CAD sp, the full award / share is cc 3.5 CAD, 7 times the sp. They might have several sort of obligations, so a certain part of that migjt remain to the ...more  
Comment by CAinPlap on Oct 12, 2023 10:29am
Yes my back of napkin calculation is 1.8 billion award(including interest) divided by ~600 million shares = $3/share. Factor in 1/3 for the leeches,er lawyers and we should be left around $2/share.  I believe there is an agreement in place regarding the legal funding fees but it is subject to NDA so not sure if 1/3 legal cost will be accurate. 
Comment by m8magic on Oct 12, 2023 11:05pm
rml states in their info 1.87 a share at the time period a few weeks ago...possible new legal fees etc make knock it down a nickle by completion date to 1.82
Comment by astonbay on Oct 13, 2023 2:35am
Hi m8magic, can you post a link that confirms that figure? There are many articles that show the overall claim amount but I haven't seen one so detailed with the amount left after expenses. Thanks
Comment by m8magic on Oct 13, 2023 9:06am
i will find the link this weekend...i am certain it was in their last financials on sedar..
Comment by RIDER1975 on Oct 13, 2023 10:57am
No way....
Comment by agtavy on Oct 13, 2023 11:07am
This post has been removed in accordance with Community Policy
Comment by rupertpupkin on Oct 13, 2023 11:27am
I remember seeing a breakdown of the debt and legal fees by someone on ceo.com and it saying $1.58/share, but that was without the interest and pretty sure it was USD. Maybe you can ask someone on ceo to repost it. 
Comment by astonbay on Oct 13, 2023 5:21pm
You can see the breakdown SixBottles did on ceo.ca https://ceo.ca/rml?4c63e58fc232
Comment by GoldenOrb on Oct 16, 2023 12:09pm
Thank you astonbay, much appreciated
Comment by RIDER1975 on Oct 13, 2023 4:11am
They usually dont break down to usd /share, but the overall sum of the claim.
Rusoro Mining Ltd