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Bullboard - Stock Discussion Forum Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

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 > Going to be a complicated auction to
View:
Post by Rockafellow2 on Jan 22, 2024 9:52am

Going to be a complicated auction to

Sort out bids ... Might not hear anything till tomorrow...
Interest high but real bidders maybe low to start ...
Who gets what, bits and pieces, who knows???
A 2 billion profit last year is big turkey, ehh!
Jmo
Comment by slappyjo on Jan 22, 2024 10:09am
Citgo hasn't posted its fourth quarter results yet so that $1.9 billion is only for Q1, 2 and 3. Theoretically, if someone were to buy the whole thing, they'd get their money back in about 5 years.   Very attractive. We are just in the first round of bidding.
Comment by Hopeful123 on Jan 22, 2024 3:19pm
Looks like Rml  is the one to buy here..top side 1.50 to 2 bucks.. Grz 5 to 7 bucks.
Comment by RIDER1975 on Jan 22, 2024 3:58pm
If you had both, would you reallocate between them, or just keep holding both?  GRZ lags behind, but I am considering overweight RML again as they are prior to GRZ  Any thought on that?
Comment by Alim33 on Jan 22, 2024 4:04pm
Better one might be AE.
Comment by RIDER1975 on Jan 22, 2024 4:43pm
?
Comment by slappyjo on Jan 22, 2024 9:03pm
GRZ top is about $7 USD
Comment by RIDER1975 on Jan 25, 2024 4:15am
I have just read an interesting argument on coe.ca from SixBottle poster , and a calculation on how RML could even doubble the value of its claim. Worth reading.
Comment by GoldenOrb on Jan 25, 2024 8:50am
Can you provide a direct link?  Thanks
Comment by Saskisnow on Jan 25, 2024 11:22am
https://ceo.ca/@sixbottles 
Comment by Hopeful123 on Jan 25, 2024 1:19pm
How is this possible.. it was awarded 1.4bln.
Comment by CAinPlap on Jan 25, 2024 3:38pm
The coles notes of the argument being made is that if RML uses their award to fund a bid for the Citgo shares, the rate of return on these Citgo shares would cause the value of RML to rise above the original award amount.
Comment by Hopeful123 on Jan 25, 2024 4:11pm
Interesting point..part of a money making refiner..might be a better fit for ConocoPhillips. 
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