RML Gains 13.10% to $0.475 So Far Up 850%!

Rusoro Mining (TSXV: RML) gained by 13.10% today to $0.475 per share and is so far up by 850% since NIA's suggestion at $0.05 per share!

The Citgo auction process began one month ago, and the most frequently asked question in recent earnings conference calls of America's largest publicly traded oil companies has been... will they bid for Citgo? The only oil company to say they aren't interested in bidding for Citgo is Marathon Petroleum. The CEO of Valero said, "never say never" and they would assess whether it makes sense or not. The CEO of PBF Energy said they would be interested as long as the return on investment is more attractive than share buybacks.

The first round of bidding will occur on January 22, 2024. It will be a two-round bidding process. RML will most likely collect its US$1.7 billion after the sale of Citgo to the winning bidder officially closes on July 15, 2024.

There is no doubt that RML will make massive gains between now and July 15, 2024, but the big question is...

Does RML from its current price of $0.475 per share have any chance of outperforming Westhaven Gold (TSXV: WHN), Augusta Gold (TSX: G), or North Peak Resources (TSXV: NPR)?

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. NIA has received compensation from WHN of US$50,000 cash for a six-month marketing contract. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA's President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.