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Message: Re: here we go guys...GRZ files
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Oct 22, 2009 01:48PM
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bmh
Oct 22, 2009 01:57PM

Re: here we go guys...GRZ files

posted on Oct 22, 2009 07:47PM

Joe per your question yesterday if GRZ has info held back that may take years for GRZ to obtain. I was just rereading the judges decision on the Rusoro/GRZ bid from Feb 4 & 5. It seems that when Endeavour was acting as an advisor for GRZ that they were allowed confidential info from GRZ during this time. Endeavour of course is now Rusoro's advisor.....somewhere in all of this is Frank Guistra pulling the strings including KRY's IMO. Here is the info below that was obtained by Endeavour, the link is at the bottom for the entire decision and is a good read. Interesting that GRZ was approached in 2006/2007 by Rusoro.

[25] Gold Reserve entered into an Advisory Agreement with Endeavour October 1, 2004 (the

"First Advisory Agreement"). Endeavour was paid a monthly fee in exchange for its services

(and ultimately received some $1.2 million over the 2004 to 2008 period), which included

making presentations to potential lenders and investors, advising on potential business

transactions and advising on project debt financing in respect of the Brisas project. Endeavour

was provided access to Gold Reserve's confidential financial, technical, geological and

operational records, analyses and data to enable Endeavour to develop a detailed knowledge of

the potential costs and revenues for Gold Reserve's Brisas Project mining property.

[26] The confidential information included experts’ feasibility studies for the Brisas Project

and back-up details, drill data, ore data, reserves and quality of reserves, engineering, mill design

and throughput data, capital cost information, data regarding mining options, hydrology and

water quality studies, metallurgical reports and data, the Micron International Limited expert

report on Gold Reserve prepared for the banks as potential lenders, SNC-Lavalin's engineering

procurement and construction management work and reports, project start up plans and many

cash flow models.

http://www.goldreserveinc.com/documents/Court%20Ruling%20Feb%2010,%202009.pdf

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Oct 23, 2009 07:15AM
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