Welcome To The Gold Reserve HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: New bid?

New bid?

posted on Jan 21, 2009 05:44AM

With the last bid soundly rejected and Rusoro extending that bid by a month ( Just a ploy to save some honour) they should go away. But thay don't because they are desperate and that is why it was such a low ball bid, they can not afford to offer more.

There is a posibility, due to that desperation in avoiding bankruptcy, that they will wait until after Feb.4. and offer 4 for 1 as a last ditch effort. That should give them a few more millions of GRZ shares tendered but nowhere near half of outstanding, or two thirds for control.

Should the trespass trial involve a verdict where Rusoro must pay Gold Reserve compensation, that just could be the nail in the coffin to put Rusoro under. That trial may not be early enough because though Rusoro claims to be cash positive at Choco 10, they are still cash negative over all and who knows when that in itself will bankrupt them.

Share
New Message
Please login to post a reply