Will Citgo Get Auctioned?

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.

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