In this article, I'll have a closer look at Gold Reserve (OTCQB:GDRZF), which has the arbitration procedure against Venezuela as its main asset. I'll explain the background of the Brisas project and its expropriation procedure, where after I will calculate an updated NPV of the project and compare this NPV with the claims Gold Reserve made in the arbitration procedure to determine what would be a fair compensation.
Thereafter, I will provide an expected share price depending on the likelihood of success in the international arbitration procedure. I will also provide my opinion on negative working capital and how Gold Reserve will solve this issue. This will result in my investment thesis at the end of this...
Only subscribers can access this article, which is part of the PRO research library covering 3,611 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: