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Gold Reserve Inc. Message Board

  • benpickinaway benpickinaway Sep 18, 2013 12:09 PM Flag

    tick tock

    now only 27 days to the valuation hearing

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    • With Maduro going to China this weekend, perhaps we'll see a settlement before 10/15.

      Sentiment: Buy

      • 2 Replies to felixlyter
      • Don't think so, the odds of a settlement prior to 10/15 are fairly low VZ will want to drag it's feet for just as long as allowed. so after the hearing when the case is all but wrapped up we could see some form of resolution be it a buyout by CITIC and or VZ being forced to face the music.....

        Either way within the next 60 days or so the odds favor some movement toward the end game...

      • Just saw this on Agoracom: VZ and CITIC have an agreement on Las Cristinas.

        Wednesday September 18, 2013 12:19 PM
        Without disclosing any details about the terms and conditions, Venezuelan Minister of Petroleum and President of oil giant Pdvsa, Rafael Ramírez, announced Wednesday via Twitter that Venezuela and China have agreed on a new loan to the former –under the China-Venezuela fund– amounting to USD 5 billion.

        Ramírez is currently in China as part of a mission ahead of an upcoming official visit by Venezuelan President Nicolás Maduro.

        During his visit to China, the minister of petroleum also met with representatives from Eximbank of China, from which Venezuela will receive a loan amounting to USD 390 million for the construction of a bridge for Venezuelan state-owned petrochemical company Pequiven in Morón, northwest Venezuela. Further, Venezuela also entered into agreements with Citic for the development of gold-bearing project Las Cristinas; and China National Petroleum Corporation, for oil production in Junín 10 block, Orinoco Oil Belt, whose production target is 220,000 oil barrels per day. The investment amounts to USD 14 billion.

        Sentiment: Buy

4.15+0.40(+10.67%)Feb 5 3:18 PMEST