We always knew for a fact that Rusoro Mining (TSXV: RML) would become one of our largest gainers in history, but we didn't know exactly when the run would occur.
If you read our March 10, 2022, alert entitled 'Something is Going On With Venezuela' by clicking here we said, "On March 4, 2022, Judge Leonard Stark of the US District Court in Delaware ruled that plans for an eventual sale of shares in US-based refiner Citgo to pay off debts incurred by Venezuela can proceed despite sanctions, as long as it is approved by the U.S. executive branch. This sale would allow RML to collect the money it is owed but we have no idea if the U.S. executive branch will approve of it."
If you read our May 15, 2023, alert entitled 'NIA Venezuela Play RML Gained by 37.5% on Monday' by clicking here we said, "It is becoming increasingly likely that the Biden Administration will allow creditors of Venezuela to move forward with an auction of Citgo."
If the auction takes place RML is worth at least $2-$3 per share.
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.
Preparing Americans for Hyperinflation
