at least grz is negotiating.
Gold Reserve Inc. (GRZ.TO,GRZ) is up another 11% today, climbing $0.28 to $2.83 a share in TSX trade despite comments earlier in the week from the company it was not aware of material events that would rapidly increase its share price.
Company officials on Monday said an arbitration claim against the Republic of Venezuela for what Gold Reserve contends was an illegal expropriation of its properties in that country continues, adding they are discussing terms of a possible settlement -- although neither has progressed to the point that an end is within sight. A hearing is next scheduled for Feb. 6, 2012.
Gold Reserve shares have jumped nearly 25% this week alone and are up 73%, adding $1.20 each, since the current rally began May 30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Read more: http://community.nasdaq.com/News/2011-06/gold-reserve-surge-continues-shares-add-another-11-today-up-73-this-month.aspx?storyid=81304#ixzz1PcVt2gMy
