Gold Reserve

GDRZF's main value driver today is its ICSID award and enforcement claims. The most realistic way to enforce this award is through the upcoming Citgo share auction. Unfortunately, Citgo's starting bid is now set at $3.7 billion, so for GDRZF to make a partial recovery, the sale price must exceed senior claims. Estimates vary, but senior claims could be around $6.8 billion today. This makes a full recovery very unlikely with Citgo's sale.» Mehr auf seekingalpha.com

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that the U.S. District Court for the District of Delaware (the “Court”) issued an order adopting the Special Master's recommendation to select the bid submitted by Red Tree as the stalking horse bid for the purchase of the shares of PDVH, the indirect holding company of Citgo Petroleum, and overruling objections to the same. The Court stated, among other things, that the.» Mehr auf businesswire.com

PEMBROKE, Bermuda--(BUSINESS WIRE)--Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that today the U.S. District Court for the District of Delaware (the “Court”) issued a document stating that the Court was “inclined” to overrule the objections submitted by the Company and other parties to the Special Master's recommendation to select the bid submitted by Red Tree as the stalking horse bid for the purchase of the shares of PDVH, the indirect holding com.» Mehr auf businesswire.com