If you read NIA's May 21st alert by clicking here we did a calculation that even if Rusoro Mining (TSXV: RML) settles for 25 cents on the dollar (which Citgo has enough liquidity on hand to offer to all creditors) after the conversion of all options/warrants and repayment of all liabilities RML is worth $0.57 per share.
If RML refuses to settle and Citgo gets auctioned, after the conversion of all options/warrants and repayment of all liabilities, RML is worth as much as $3.35 per share.
Rosneft has given up their 49.9% ownership of PDVSA (Citgo), so ALL auction proceeds would be made available to RML and other creditors.
NIA's prediction: a $1.4 billion settlement is announced by October to be paid over 5-6 years and this takes RML to $1+ 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
