Rusoro Mining Ltd V.RML

Where we are

[slappyjo]

The reality is RML's position is very precarious.  Here are the numbers.

$7.286 billion bid. This is the maximum at this point
$2.7 billion put in escrow for 2020 bonds
$4.586 billion remaining (max)
$5.1 billion is needed to fully pay off RML and those ahead of them. This amount increases daily as interest accrues

We know GRZ's bid was higher - THE highest bidder - but SM shut them out and selected Elliott.

[RIDER1975]

I cannot imagine that 7.3 will be the final max. I am afraid the possible  paralel litigations in ither states (Texas etc) is a new risk arouse.