We have always said since our initial suggestion of Rusoro Mining (TSXV: RML) at $0.05 per share that it is very risky/speculative because they don't have a gold mine - it was stolen - all they have is a US$1.7 billion legally enforceable judgment against Venezuela. If Citgo does get auctioned RML will be worth $2+ per share.
On May 1st it was reported, "The Treasury, which has blocked transactions involving Venezuela's U.S. assets, will not take enforcement action to halt the auction or a negotiated settlement, the Justice Department wrote in a letter filed on Friday in U.S. District Court in Delaware. The Treasury would have to issue a license to complete any sale."
We don't think RML's high on Monday of $0.13 per share will be its high for all of 2023.
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
