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Gold Reserve’s Dalinar Energy Submits Revised Bid for CITGO Parent

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Gold Reserve’s Dalinar Energy Submits Revised Bid for CITGO Parent

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An announcement from Gold Reserve ( (TSE:GRZ) ) is now available.

Gold Reserve Ltd., through its Delaware subsidiary Dalinar Energy Corporation, has submitted a further revised topping bid to acquire shares of PDV Holding, Inc., the parent company of CITGO Petroleum Corp. This move is part of a sales process overseen by the U.S. District Court for the District of Delaware. The terms of the bid remain confidential until reviewed by the Special Master, with a final recommendation expected by July 2, 2025. The court will hold a sale hearing on August 18, 2025. The bid’s approval is contingent upon meeting closing conditions and obtaining regulatory approvals, including from the U.S. Department of Treasury’s Office of Foreign Assets Control.

Spark’s Take on TSE:GRZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRZ is a Neutral.

Gold Reserve’s overall score is significantly impacted by its weak financial performance, particularly its profitability challenges and negative cash flows. Although technically the stock shows some short-term upward momentum, the valuation is unattractive due to negative earnings. Recent corporate events introduce both potential risks and strategic benefits, but the overall outlook remains cautious.

To see Spark’s full report on TSE:GRZ stock, click here.

More about Gold Reserve

Average Trading Volume: 7,357

Technical Sentiment Signal: Buy

Current Market Cap: C$339.1M

For a thorough assessment of GRZ stock, go to TipRanks’ Stock Analysis page.

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