Lotsa' more rumors:

http://finance.yahoo.com/mb/GRZ.V/

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• It seems that Crystallex is left out in the cold. When a company commences an ICSID action they have to give up all claims to the actual property. ICSID awards do not and cannot of themselves include return of the property. They are restricted to purely monetary damages. The fact that GRZ... More

  • 2 Replies to thevet43
  • lakeeder5560 • Feb 27, 2016 11:05 PM

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    Vet: What kind of value would you put on the data that GRZ holds?

    Sentiment: Hold

    • 1 Reply to lakeeder5560
  • camerotton • Feb 27, 2016 2:10 PM

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    I don't know if you've read the Bloomberg article or not, but here's a couple of excerpts from it.
    If this is accurate, it definitely sounds like there are capable partners and a goal to produce asap.
    ... More

• billypesos • Feb 27, 2016 7:18 AM

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  venezuela is seeking a five billion dollar loan, two billion to help develop the mine, hopefully some of the rest goes to settle the crystallex case. since they are giving las cristinas to grz, it must mean case is closed and they can move on to the next phase.
  
  from barrons:
  “The Nicolas Maduro administration announced last night that it had reached an agreement with Canadian mining company Gold Reserve that resolves their ongoing international arbitration dispute. The government announced a $5 billion deal that creates a new joint venture (55% state, 45% Gold Reserve) to develop the Las Brisas (Gold Reserve’s former concession) and Las Cristinas properties (a separate ICSID case brought by Crystallex over this concession is still pending at ICSID). According to the government, the deal includes a $2 billion investment and a $2 billion loan. Statements by Gold Reserve suggest that the government intends to use the properties as collateral to obtain additional financing instead of a loan commitment from Gold Reserve itself. While the precise details of the deal are unclear, it seems unlikely that the government can use this asset to generate new liquidity in the near-term.”