{"id":6079,"date":"2023-05-15T22:54:00","date_gmt":"2023-05-16T03:54:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=6079"},"modified":"2026-01-03T17:35:34","modified_gmt":"2026-01-03T22:35:34","slug":"nia-venezuela-play-rml-gained-by-38-percent-on-monday","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/technicals\/nia-venezuela-play-rml-gained-by-38-percent-on-monday\/","title":{"rendered":"NIA Venezuela Play RML Gained by 37.5% on Monday!"},"content":{"rendered":"\n

NIA's Rusoro Mining (TSXV: RML) <\/strong>was today's #1 most actively traded<\/span> stock<\/strong> on the TSX Venture exchange and the #3 largest percentage gainer<\/strong><\/span> on the TSX Venture exchange!<\/span><\/span><\/p>\n\n

RML gained by 37.5%<\/span><\/strong> today to close at $0.11 per share<\/strong> on volume of 1,555,439 shares<\/strong>! RML<\/strong> has so far gained by 120%<\/strong><\/span> from NIA's initial suggestion price of $0.05 per share<\/strong>!<\/span><\/span><\/p>\n\n

It is becoming increasingly likely<\/strong><\/span> that the Biden Administration<\/strong> will allow<\/strong><\/span> creditors of Venezuela<\/strong> to move forward<\/strong><\/span> with an auction<\/span><\/strong> of Citgo<\/strong>. After earning record net income<\/strong><\/span> in 2022<\/strong> of $2.8 billion<\/strong><\/span>, Citgo<\/strong> reported 1Q 2023<\/strong> net income<\/strong><\/span> of $937 million<\/strong><\/span>! Citgo's 1Q 2023 net income<\/span><\/strong> is equal to annualized net income<\/strong><\/span> of $3.748 billion<\/strong><\/span>!<\/span><\/span><\/p>\n\n

The timing<\/strong><\/span> couldn't<\/strong><\/span> be more perfect<\/strong><\/span> for NIA's Rusoro Mining (TSXV: RML)<\/strong>. Citgo could potentially sell<\/span> at auction<\/span> for as much as $20-$30 billion<\/span>, which would fully satisfy all<\/span> creditors of Venezuela!<\/em><\/strong><\/span><\/span><\/p>\n\n

Venezuela<\/strong> is the 100% owner<\/strong><\/span> of Petróleos de Venezuela, S.A. ("PDVSA")<\/strong>, which in turn owns 100%<\/strong><\/span> of PDV Holding, Inc. ("PDVH")<\/strong>, which itself owns 100%<\/strong><\/span> of CITGO Holding, Inc<\/strong>., which in turn owns<\/span> CITGO Petroleum Corp<\/strong>.<\/span><\/span><\/p>\n\n

RML's arbitration<\/span> award<\/span><\/strong>, which including interest exceeds US$1.7 billion<\/strong><\/span>, has already been confirmed<\/strong><\/span> and converted<\/strong><\/span> to a court judgment<\/strong> in the U.S. and may be enforced against<\/strong><\/span> PDVSA's assets<\/span><\/strong>.<\/span><\/span><\/p>\n\n

NIA initially suggested RML<\/strong> on March 9, 2022, at $0.05 per share<\/strong>. NIA said in its initial RML alert<\/strong><\/a>, "The U.S. is looking to improve relations with Venezuela to try and get them to boost oil production for the U.S. This could be very big<\/span> for Rusoro Mining (TSXV: RML) they are owed a massive judgment<\/span> by Venezuela who stole<\/span> their gold mine<\/span>. It wouldn't surprise us if RML breaks out big<\/span> very soon."<\/strong><\/em><\/span><\/span><\/p>\n\n

On the following evening of March 10, 2022, NIA sent out a more detailed RML alert<\/strong><\/a> entitled, 'Something is Going On With Venezuela'<\/strong>.<\/span><\/span><\/p>\n\n

NIA said in its March 10, 2022, RML<\/strong> alert, "On March 4, 2022, Judge Leonard Stark of the US District Court in Delaware ruled<\/span> that plans for an eventual sale<\/span> of shares in US-based refiner Citgo to pay off debts<\/span> incurred by Venezuela can proceed<\/span> despite sanctions<\/span>, as long as it is approved<\/span> by the U.S. executive branch. This sale would allow<\/span> RML to collect the money it is owed<\/span> but we have no idea<\/span> if the U.S. executive branch will approve<\/span> of it. The very next day on March 5, 2022, U.S. executive branch officials traveled<\/span> to Caracas, Venezuela for secret meetings<\/span> with the Venezuelan government. Last night it was announced that Venezuela released<\/span> two American Citgo executives Gustavo Cárdenas and Jorge Fernández."<\/strong><\/em><\/span><\/span><\/p>\n\n

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.<\/em><\/span><\/span><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

NIA's Rusoro Mining (TSXV: RML) was today's #1 most actively traded stock on the TSX Venture exchange and the #3 largest percentage gainer on the TSX Venture exchange! RML gained by 37.5% today to close at $0.11 per share on volume of 1,555,439 shares! RML has so far gained by 120% from NIA's initial suggestion […]<\/p>\n","protected":false},"author":1,"featured_media":6080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[26,116],"class_list":["post-6079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technicals","tag-politics","tag-rml"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=6079"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6079\/revisions"}],"predecessor-version":[{"id":6081,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6079\/revisions\/6081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/6080"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=6079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=6079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=6079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}