Gold Reserve Inc. - Die Unvollendete - 500 Beiträge pro Seite

[KaOzz]

Gold Reserve hat heute angekündigt, dass es einen Antrag für ein Schiedsurteil auf Schadensersatz vor dem internationalen Zentrum für die Beilegung von Investitionsstreitigkeiten der Weltbank gegen den venezuelanischen Staat einreichen wird.

Der Wert hat einiges an spekulativer Power und weckt bei einem hohen Goldpreis auch gewisse Begehrlichkeiten (Las Brisas mit 10 Mio Unzen Gold). Zudem ist seit einer Weile der Kurs unter Zuwachs der Volumina auch wieder angesprungen.

Ist natürlich ne heiße, heiße Spekulation auf Gerüchte und Nachrichten aus Venezuela gegen den vermeintlich unbeugsamen, "sozialistischen" Hugo Chavez. Aber grundsätzlich ist die Erwartungshaltung natürlich extrem negativ und keiner würde damit rechnen, dass es hier jemals eine positive Nachricht geben könnte. Entsprechend heftig sollte eine gegensätzliche Reaktion auf positive Nachrichten ausfallen.

Da könnte eine Reihe positiver Nachrichten anstehen, die dem Kurs auf die Beine helfen sollten... Bis es dann irgendwann "knallt"


(Nur meine Meinung, keine Garantie auf Richtigkeit, keine Handelsempfehlung)


Gold Reserve files International arbitration against the Venezuelan Government

5:01 PM ET, October 21, 2009

SPOKANE, WA, Oct. 21, 2009 (Canada NewsWire via COMTEX) -- Gold Reserve Inc. (NYSE-Amex: GRZ) (GRZ) today announced that it has filed a Request for Arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes ("ICSID") of the World Bank, in Washington D.C., against the Bolivarian Republic of Venezuela seeking compensation for the losses caused to the Company resulting from Venezuela's violations of the Agreement between the Government of Canada and the Government of the Republic of Venezuela for the Promotion and Protection of Investments ("Canada-Venezuela Treaty") in regard to the Company and its investments in Venezuela relating to the Brisas Project and the Choco 5 property in the Bolivar State of Venezuela.

As described in the Request for Arbitration, after enjoying years of support from the relevant Venezuelan authorities in developing its mining projects, investing nearly US$ 300 million in exploration and development, and developing the Brisas Project in particular to the threshold of production, the Company's investments were unlawfully and effectively taken from it as a result of the decisions and actions taken, directed, and supported by the administration of President Hugo Chavez.

The wrongful and expropriatory acts by the Venezuelan Government include unreasonable delays by the Venezuelan Ministry of Environment ("MinAmb") in completing the permitting process for the Brisas Project, MinAmb's rescission of the March 2007 permit for the commencement phase of the Brisas Project for pretextual reasons, the announcement by President Chavez in January 2009 that the Government was taking over the Brisas Project, the denial by the Venezuelan Ministry of Mines ("MIBAM") of the extension of the Brisas del Cuyuni alluvial gold concession for erroneous and pretextual reasons and in disregard of Venezuela's mining law, and failing to maintain a fair, stable and transparent legal environment.

These and other actions have had the effect of denying the Company its right to fair and equitable treatment as required by the Canada-Venezuela Treaty, including protection against unlawful expropriation and treatment in accordance with international law. As a result of such treatment, the Company has suffered substantial loss and damage, including the value of the Company's investments in Venezuela, which must be assessed but for Venezuela's wrongful conduct and in view of the projected profitability of those investments, which is estimated to be approximately US$ 5 billion. The Company will seek compensation in the arbitration for all of the loss and damage resulting from Venezuela's wrongful conduct.

Douglas Belanger, President of Gold Reserve said, "Gold Reserve has been a dedicated and conscientious investor in Venezuela. In view of the Government's actions, the Company consistently has sought to meet with the Government and hoped to reach an amicable resolution of the dispute. The Government's actions, however, have resulted in significant loss to the Company and its shareholders and in view of the Government's unwillingness to address these matters on an amicable basis, it became necessary to commence international arbitration as permitted under the Canada-Venezuela Treaty. While we are disappointed to have to proceed to arbitration, we are confident in our case."

FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that state Gold Reserve's or its management's intentions, hopes, beliefs, expectations or predictions for the future. In this release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements.

Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: the outcome or process of any potential proceedings under the Venezuelan legal system or before arbitration tribunals as provided in investment treaties entered into between Venezuela, Canada and/or Barbados to determine compensation due to Gold Reserve resulting from its claims in arbitration against the Venezuelan government and its agents and agencies, or if the Brisas Project is transferred to the Venezuelan government and the parties do not reach agreement on compensation; concentration of operations and assets in Venezuela; corruption and uncertain legal enforcement; requests for improper payments; competition with companies that are not subject to or do not follow Canadian and U.S. laws and regulations; regulatory, political and economic risks associated with Venezuelan operations (including changes in previously established laws, legal regimes, rules or processes); the ability to obtain, maintain or re-acquire the necessary permits or additional funding for the development of the Brisas Project; the result or outcome of the trial regarding the enjoined hostile takeover bid for Gold Reserve; significant differences or changes in any key findings or assumptions previously determined by us or our experts in conjunction with our 2005 bankable feasibility study (as updated or modified from time to time) due to actual results in our expected construction and production at the Brisas Project (including capital and operating cost estimates) or our inability to undertake such construction or production; the method and manner of our determination of reserves, risk that actual mineral reserves may vary considerably from estimates presently made; impact of currency, metal prices and metal production volatility; fluctuations in energy prices; changes in proposed development plans (including technology used); our dependence upon the abilities and continued participation of certain key employees; the prices, production levels and supply of and demand for gold and copper produced or held by Gold Reserve; the potential volatility of Gold Reserve's Class A common shares; the price and value of Gold Reserve's notes, including any conversion of notes into Gold Reserve's Class A common shares; the prospects for exploration and development of projects by Gold Reserve; and risks normally incident to the operation and development of mining properties.

This list is not exhaustive of the factors that may affect any of Gold Reserve's forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by the U.S. Securities and Exchange Commission (the "SEC").

In addition to being subject to a number of assumptions, forward-looking statements in this release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements, including those factors outlined in the "Cautionary Notes" and "Risks Factors" contained in Gold Reserve's filings with the Canadian provincial securities regulatory authorities and U.S. Securities and Exchange Commission, including Gold Reserve's Annual Information Form and Annual Report on Form 20-F for the year ended December 31, 2008, filed with the Canadian provincial securities regulatory authorities and U.S. Securities and Exchange Commission, respectively, on March 31, 2009.

SOURCE: Gold Reserve Inc.

http://cxa.marketwatch.com/tsx/en/market/article.aspx?guid=h…

[KaOzz]

[KaOzz]

[KaOzz]

Gold Reserve reports on status of Brisas Property

8:05 AM ET, October 26, 2009

SPOKANE, WA, Oct. 26, 2009 (Canada NewsWire via COMTEX) -- Gold Reserve Inc. (NYSE-Amex: GRZ) (GRZ) reported today that stories in the press relating to the takeover by the Government of Venezuela of the Brisas Property in southeastern Venezuela are erroneous. Personnel, apparently from CVG-Minerven, visited the Brisas Camp on Thursday claiming that they were there to assume control of the Brisas Del Cuyuni Concession. The individuals who arrived at the camp did not appear to have any written authorization to conduct such action on behalf of the Government. Thus, their actions did not appear to be legally supported. In any event, any action to assume control of the property without recognizing the status of the underlying hard rock concession, which contains 97% of the economic value of the mineral deposit, would be inconsistent with Venezuelan law.

The Company on Wednesday October 21st filed its Request for Arbitration under the Canada-Venezuela bilateral investment treaty before the International Centre for the Settlement of Investment Disputes of the World Bank. This evident retaliation against the Company is a further demonstration of the Government's wrongful treatment of Gold Reserve and its investments in Venezuela.

The Company's staff at Brisas advised the persons who arrived on the property that the Company will respond, in accordance with the applicable Venezuelan laws, only to a duly authorized written request from the Government in respect of the property.

Doug Belanger, President of Gold Reserve stated, "We are very disappointed by this evident retaliatory action and have sent letters to the relevant authorities in the Government informing them of this wrongful conduct. Gold Reserve has always respected the laws of Venezuela and has the right to be treated fairly on the basis of the rule of law."

In the past few weeks there has been an encroachment on the Brisas property of small illegal miners and the Company has sent numerous formal and urgent requests to the relevant Government agencies to assist in the removal of these miners. However, the government response has been limited and the level of mining activity is increasing daily. The Company is very concerned about the safety of its employees as well as the safety of these illegal miners. Sadly, just a few weeks ago several illegal miners were killed on the Las Cristinas property adjacent to Brisas, when a pit collapsed around them due to the unsafe conditions in which they work. Also, this type of illegal mining activity inevitably results in serious environmental degradation. Gold Reserve will not be held responsible for this kind of illegal activity on the property when the Government fails to discharge its responsibilities in these matters.

FORWARD-LOOKING STATEMENTS

This release contains forward-looking statements that state Gold Reserve's or its management's intentions, hopes, beliefs, expectations or predictions for the future. In this release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual outcomes, financial results, performance, or achievements of Gold Reserve to be materially different from our estimated outcomes, future results, performance, or achievements expressed or implied by those forward-looking statements.

Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation: the outcome or process of any potential proceedings under the Venezuelan legal system or before arbitration tribunals as provided in investment treaties entered into between Venezuela, Canada and/or Barbados to determine compensation due to Gold Reserve resulting from its claims in arbitration against the Venezuelan government and its agents and agencies, or if the Brisas Project is transferred to the Venezuelan government and the parties do not reach agreement on compensation; concentration of operations and assets in Venezuela; corruption and uncertain legal enforcement; requests for improper payments; competition with companies that are not subject to or do not follow Canadian and U.S. laws and regulations; regulatory, political and economic risks associated with Venezuelan operations (including changes in previously established laws, legal regimes, rules or processes); the ability to obtain, maintain or re-acquire the necessary permits or additional funding for the development of the Brisas Project; the result or outcome of the trial regarding the enjoined hostile takeover bid for Gold Reserve; significant differences or changes in any key findings or assumptions previously determined by us or our experts in conjunction with our 2005 bankable feasibility study (as updated or modified from time to time) due to actual results in our expected construction and production at the Brisas Project (including capital and operating cost estimates) or our inability to undertake such construction or production; the method and manner of our determination of reserves, risk that actual mineral reserves may vary considerably from estimates presently made; impact of currency, metal prices and metal production volatility; fluctuations in energy prices; changes in proposed development plans (including technology used); our dependence upon the abilities and continued participation of certain key employees; the prices, production levels and supply of and demand for gold and copper produced or held by Gold Reserve; the potential volatility of Gold Reserve's Class A common shares; the price and value of Gold Reserve's notes, including any conversion of notes into Gold Reserve's Class A common shares; the prospects for exploration and development of projects by Gold Reserve; and risks normally incident to the operation and development of mining properties.

This list is not exhaustive of the factors that may affect any of Gold Reserve's forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by the U.S. Securities and Exchange Commission (the "SEC").

In addition to being subject to a number of assumptions, forward-looking statements in this release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements, including those factors outlined in the "Cautionary Notes" and "Risks Factors" contained in Gold Reserve's filings with the Canadian provincial securities regulatory authorities and U.S. Securities and Exchange Commission, including Gold Reserve's Annual Information Form and Annual Report on Form 20-F for the year ended December 31, 2008, filed with the Canadian provincial securities regulatory authorities and U.S. Securities and Exchange Commission, respectively, on March 31, 2009.

SOURCE: Gold Reserve Inc.

Internet - www.goldreserveinc.com, Company Contact: A. Douglas Belanger, President,
926 W. Sprague Ave., Suite 200, Spokane, WA, 99201, USA, Tel. [phone], Fax
[phone]

[KaOzz]

Gold Reserve Reports on Status of Brisas Property

(Auszug)

1:29 PM ET, October 27, 2009

SPOKANE, Wash., Oct 27, 2009 (BUSINESS WIRE) -- Gold Reserve Inc. (NYSE-Amex: GRZ) (GRZ) reported today that the Venezuelan Government has assumed control of the Brisas Property in southeastern Venezuela. Government personnel arrived at the Brisas Camp on Monday to deliver notification of the Government's takeover of the property relating to the Brisas Del Cuyuni alluvial gold concession and to take physical possession of that property. The 500-hectare alluvial concession area is coextensive with the underlying hard rock concession area.

The Government's actions come less than a week after the company filed its request for international arbitration. Doug Belanger, President of Gold Reserve stated, "The Government's actions are a continuation of its wrongful treatment of Gold Reserve and its investments and a further demonstration of the Government's earlier decision to expropriate the entire Brisas Project."


Quelle: http://cxa.marketwatch.com/tsx/en/market/article.aspx?guid=h…

[KaOzz]

UPDATE 2-Gold Reserve says still open to Brisas mine accord
Mon Oct 26, 2009 6:13pm EDT

* Gold Reserve says owed billions in damages
* Environmental permitting for Brisas mining delayed
* Chavez plans to develop mines with Russian companies

By Patricia Rondon Espin

CARACAS, Oct 26 (Reuters) - Canadian mining company Gold Reserve Inc (GRZ.A: Quote, Profile, Research, Stock Buzz) said on Monday it still wants to resolve its dispute with Venezuela over the Brisas gold mine, despite filing an international arbitration request against Venezuela to recoup billions of dollars in damages.

The company filed an arbitration request against Venezuela last week to recover $300 million in investments it says it made in the Brisas and Choco 5 concessions as well as $5 billion in compensation for estimated future profits.

"We have shown the government in multiple ways that our priority has always been to reach an amicable resolution. Unfortunately, there has been no response," Arturo Rivero, the president of the local unit of Gold Reserve, told Reuters in a telephone interview.

President Hugo Chavez has said he would develop the mines in the southeastern state of Bolivar with Russian companies instead of Canadian companies Gold Reserve and Crystallex (KRY.TO: Quote, Profile, Research, Stock Buzz). Those companies purchased the rights to the Brisas and Las Cristinas mines, respectively.

Last Thursday, representatives of state-owned mining company CVG Minerven visited Gold Reserve's Brisas operations, claiming they were sent to take control of the concession, but Gold Reserve said the action did not appear legal.

Both Gold Reserve and Crystallex have waited for years to develop their mining projects, which together have reserves of over 20 million ounces of gold.

Meanwhile, small illegal miners have encroached on the Brisas property, according to Gold Reserve.

Gold Reserve did receive an environmental permit to develop Brisas, but it was revoked shortly after, and this year part of the concession was not renewed.

GOLD: AN ATTRACTIVE MARKET

Gold prices have skyrocketed in recent years as investors seek refuge in the precious metal to weather the international economic crisis.

Gold Reserve's Rivero said high prices meant a resolution to the dispute would speed up the development of the Brisas project at an opportune time.

"An amicable resolution would produce benefits for all involved. To do everything that the company has done would have taken the government three or four years and cost more due to inflation," he said.

Chavez said months ago that Venezuela would develop the mines with Russian companies, including Rusoro, a company based in Canada, but backed with Russian capital, which attempted a hostile takeover of Gold Reserve.

"Rusoro does not have the financial capacity or the technical muscle to move forward with a project like Brisas," Rivero said.

Under Chavez's leadership, Venezuela has nationalized many sectors of the economy, including oil and cement companies, as well as electricity and communications firms.

[KaOzz]

Sehr interessant. Das Protokoll zur Besprechung der Q2-Ergebnisse

Gold Reserve Inc. (GRZ)

Q2 2009 Earnings Call
August 18, 2009 4:30 pm ET

Executives
A. Douglas Belanger – President, Director

Analysts
Scott Newhall – Trees Investment Counsel LLC
John Bridges – JPMorgan
Robert C. Hodgson – BlackRock, Inc.

Good day, ladies and gentlemen, and welcome to the second quarter 2009 Gold Reserve earnings conference call. My name is Amisia, and I will be your operator for today. At this time, all participants are in listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator Instructions) As a reminder, this call is being recorded for replay purposes.

weiterlesen: http://seekingalpha.com/article/156919-gold-reserve-inc-q2-2…

[KaOzz]

Chavez's new appeal to Venezuelans: Save energy
By CHRISTOPHER TOOTHAKER (AP) – 14 hours ago

http://www.google.com/hostednews/ap/article/ALeqM5jtWgK2qUGq…

======================================================

Las Brisas gold project becomes yet another casualty of Chavez ‘socialist vision'

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid…

======================================================

UPDATE 2-Gold Reserve says Venezuela seized Brisas mine
Tue Oct 27, 2009 3:20pm EDT

http://www.reuters.com/article/companyNews/idUKN272558802009…

[KaOzz]

Gold Reserve Reports on Status of Brisas Property

8:00 AM ET, November 9, 2009

SPOKANE, Wash., Nov 09, 2009 (BUSINESS WIRE) -- Gold Reserve Inc. (NYSE-Amex: GRZ) (GRZ) reported today that the Venezuelan Government has recently notified the Company through the issuance of an Administrative Act dated October 21, 2009 of its intent to cancel the Company's underlying hardrock concession. The Venezuelan Government's action comes just days after the October 26, 2009 seizure of the Brisas alluvial gold concession, which is coextensive with the hardrock concession, and the Government's taking over control of the Brisas Camp.

Doug Belanger, President of Gold Reserve stated, "The Government's actions are a continuation of its wrongful treatment of Gold Reserve and its investments and further evidence of the Government's earlier decision to expropriate the entire Brisas Project."

[KaOzz]

Venezuela entkoppelt seine Währung.

Venezuelas Präsident Hugo Chavez hatte am späten Freitagabend die seit 2005 bestehende Bindung an den US-Dollar aufgehoben: Fortan gelte ein Wechselkurs von 4,3 Bolivar pro Dollar, eine Abwertung von 50 % gegenüber dem bisher geltenden Wert von 2,15. Nur für "essentielle Importe" wie Nahrungsmittel, Medikamente und Maschine gelte ein Vorzugskurs von 2,6 Bolivar.

[Profi-06]

Der verrückte Chavez möchte wohl alles verstaatlichen. Nachdem er Gold Reserve verstaatlicht hat, soll die gesamte Minenindustrie dran glauben. "Prima Hugo, nur weiter so, je schneller Du Venezuela ruinierst, desto früher kommt Dein Sturz"!

Aktuelles:

Gold Reserve hat in Canada vor einer internationalen Gericht/Kommission eine Klage gegen Venezuala über 5 Mrd.$ !!! vorbereitet.

Z.Zt. wird Gold Reserve mit 60 Mio $ an der Börse bewertet.

Meine Einschätzung:

1. Schlichtung des Internationalen Gerichtes: Schadenersatz ~ 700 Mio $

oder

2. Venezuela wird von Hugo befreit: Aktie steigt auf 10$

... man muß hier nur abwarten können, dann klingelt es irgendwann in der Kasse!

[Profi-06]

Die Meldung zur Klageeinreichung im September ist etwas untergegangen. Sie war ja auch angekündigt worden!
Trotzdem:
Gold Reserve hat nun offiziell den Staat Venezuela auf Schadenersatz in Höhe von 30 Dollar/Aktie verklagt. Das sie mit dieser Klage Erfolg haben könnten, zeigt die kürzlich vereinbarte Auszahlung von 650 Mio $ an die HOLCIM Aktionäre.

Obwohl 30 Dollar Entschädigung sicher fair gerechnet worden sind, nehme ich an, dass man sich eher auf 10-15 Dollar/Aktie einigen wird!

Prima Aussichten! Am Aktienkurs zeigt sich, dass hier stetige Aufkäufer am Werke sind!

Gold Reserve Inc. reicht Klage gegen Venezuela ein
Wie das Unternehmen bekanntgab, wurde ein bei dem internationalen Schiedsgericht Internationales Zentrum zur Beilegung von Investitionsstreitigkeiten (ICSID), das der Weltbank angehört, Klage gegen die Republik Venezuela eingereicht.

Der Konflikt zwischen Gold Reserve und dem Staat Venezuela dreht sich um vermeintliche Verstöße gegen das bilaterale Investitionsschutzabkommen zwischen Kanada und Venezuela (Canada-Venezuela Bilateral Investment Treaty). Die Streitigkeit gipfelte in der Enteignung der Anteile des Unternehmens an dem Brisas-Projekt und der Goldliegenschaft Choco 5 durch die venezolanische Regierung.

[KaOzz]

Wie sollte denn die Klage vollsteckt werden, wenn Venezuela sich weigert, dem Urteil nachzukommen?

Naja, ich denke die Chancen auf ne Kompensation sind vorhanden, aber die Höhe einer Komepensation verhält sich umgekehrt proportional zur Wahrscheinlichkeit einer Zahlung...

Ich denke Chance is 20:80 dass ne Entschädigung rausspringt, aber es ist völlig unwahrscheinlich, dass ein realer Wert ausgezahlt wird... wäre billiger die Rechte über nen Firmenaufkauf zu erwerben... viel billiger.

Aber einem Zock ggü. wäre ich nich abgeneigt

[XIO]

Antwort auf Beitrag Nr.: 40.470.685 von KaOzz am 07.11.10 15:28:30

wie sieht es mit Pfändung Venezualischen Eigentums aus, was ausserhalb der Landesgrenzen liegt?

[KaOzz]

wer soll das denn pfänden?

[hoperoad]

Seit den letzten Beiträgen von über einem Jahr hat sich dieser Wert doch prächtig entwickelt (über 100% Plus).

Hat jemand ein paar infos zum Stand der Klage?