After multi-year litigation and enforcement proceedings,
Rusoro agreed $1.3 billion cash settlement with Venezuela in October 2018, but
is currently trading at <10% of the face value of the receivable it is
holding from the Venezuelan government. Venezuelan government seems to be
determined to meet its obligations to Rusoro because otherwise it is risking to
lose its prize asset, US-based Citgo oil refinery. Accordingly, we think that
Rusoro presents a very compelling risk/reward opportunity and the stock has
massive upside potential. More… 
Tuesday, November 13, 2018
Rusoro Mining: An Arbitrage Play?
After multi-year litigation and enforcement proceedings,
Rusoro agreed $1.3 billion cash settlement with Venezuela in October 2018, but
is currently trading at <10% of the face value of the receivable it is
holding from the Venezuelan government. Venezuelan government seems to be
determined to meet its obligations to Rusoro because otherwise it is risking to
lose its prize asset, US-based Citgo oil refinery. Accordingly, we think that
Rusoro presents a very compelling risk/reward opportunity and the stock has
massive upside potential. More… 
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