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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: RML
Icon president RML

Feb 14, 2024 09:52AM

Feb 14, 2024 11:07AM

Feb 14, 2024 12:07PM

RML Award amount due is $1.5 billion according to the Special Master report (i.e., Steps Chart). This amount was calculated using the Federal Judgement rate, instead of the ICSID Award rate. Using the ICSID award post-award interest rate, Rusoro's is entitiled to over $2 billion, which is equivalent to $3.50 x share, before debt and debt service. 

Hedge funds do not get involved in messy arbitration collection situations unless there is a multi-bagger windfall opportunity or a quick 100+% return.


Feb 14, 2024 01:09PM
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