NIA's Rusoro Mining (TSXV: RML) which rose from our suggestion price of $0.05 per share to a high of $0.52 per share for a gain of 940%, dipped to a low on Wednesday of $0.28 per share to successfully fill in the gap in its chart but then gained by 27.27% yesterday to $0.42 per share.
RML announced yesterday that they will likely be 7th in the order of priority on the Citgo auction proceeds with only US$3.5 billion in claims in front of them. Citgo is worth significantly more, so RML is in very good shape for collecting its full judgment by next summer and rising to $3 per share.
It is very unlikely that the U.S. Supreme Court would consider hearing this case, so we expect the auction to begin on October 23rd.
The highest quality Nevada gold explorers are likely to outperform RML, but RML should hit higher highs before October 23rd.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.
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